blockchain: News of NEAR Protocol (NEAR) - June 2024 Price Update - 9.43% Breakout Crypto News and Analysis

Student

Explore the Core.

NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.” NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”

Spot the Main Event:

Nuffle Labs secures $13M in funding to support their growth! The NEAR Foundation announces the launch of Nuffle Labs, a new venture spinning out from Pagoda and the NEAR Foundation. Founded by the core contributors to the NEAR Data Availability Layer (NEAR DA) and the NEAR Fast Finality Layer (NFFL), the NEAR Modular product suite is now spinning out into an independent entity dedicated to improving and amplifying NEAR’s modularity offerings. The new entity has secured $13 million in funding, including a strategic grant from NEAR Foundation and external investment led by Electric Capital. The spinout of Nuffle Labs reflects not only the strength of the core team and the products they are building, but also illustrates the Foundation’s commitment to decentralization by turning core functions over to proven teams in the ecosystem. As an independent team, Nuffle Labs will be better positioned to operate at the forefront of modular blockchain design, nurture its own decentralized community, and forge more partnerships across the Web3 ecosystem. Nuffle Labs will leverage NEAR Protocol’s cost-effective, fast, and proven technology to offer rollups enhanced modularity. It is responsible for two key products in NEAR’s modular suite: NEAR Data Availability (NEAR DA) and NEAR Fast Finality Layer, now Nuffle Fast Finality Layer (NFFL).

Trade hard. Joy is coming

Explore the Core.

NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”

Student

Explore the Core.

NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.” NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem.

Explore the Core.

NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform.

Explore the Core.

NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”

To God be the Glory

Explore the Core.

NEAR Protocol is a layer-one blockchain that was designed and built as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability.

Web developer

Explore the Core.

NEAR is the chain abstraction stack, empowering builders to create apps that scale to billions of users and across all blockchains.

Student

Explore the Core.

They’re a chain abstraction that empowers builders to create apps to scale billions of users across all blockchains

Student, Crypto Enthusiast

Explore the Core.

NEAR Protocol is a smart contract-capable, public Proof-of-Stake blockchain that aims to act as a community-run cloud computing platform. It is a decentralized application (dApp) platform that focuses on developer and user-friendliness. The protocol strives to achieve this by incorporating features such as human-readable account names as opposed to only cryptographic wallet addresses, and the ability for new users to interact with dApps and smart contracts without requiring a wallet at all. NEAR’s native token is also called NEAR, and is used to pay for transaction fees and storage. NEAR tokens can also be staked by token holders who participate in achieving network consensus as transaction validators.

Donmello

Explore the Core.

NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”

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