Near Protocol operates on its own dedicated blockchain, known for its high performance and unique architecture. The protocol directly addresses some of the major challenges faced by existing blockchain networks, such as scalability and usability.by utilizing a mechanism called Nightshade, Near enables sharding to enhance its transaction throughput substantially, allowing the network to support a variety of decentralized applications securely and efficiently.
This blockchain uniquely integrates a developer-friendly habitat and offers user accounts with human-readable names,bridging the gap between complex technology and everyday users.Some of the standout features of Near Protocol include:
- Scalability: Capable of processing thousands of transactions per second.
- Low Fees: Transaction costs are kept minimal, making it accessible for all.
- Interoperability: Designed to facilitate interactions with other blockchains easily.
- Eco-friendly: utilizes a proof-of-stake consensus mechanism for energy-efficient operations.