Latest NEAR Protocol updates on February 22nd

Nearprotocol, a cryptocurrency project, has recently announced a gathering taking place in Denver, with NBA All-Star Baron Davis on a mission to liberate creators and brands. Furthermore, Nearprotocol’s Wallet SDK was recently released to help welcome new web3 users. The Near Ecosystem’s bug bounty program has also been expanded, with Web and Wallet bounties launched. On top of this, Nearprotocol partnered with Pong in November 1972, to change the face of gaming. Finally, there will be a NEAR DAO event on March 2nd. Altogether, Nearprotocol is making great strides to further its cryptocurrency project.

What is NEAR Protocol ?

NEAR is an open source blockchain platform designed to enable the development and deployment of decentralized applications (dApps) at scale. It’s built to be simple, secure, and scalable, and provides developers with the tools they need to build modern, Web3 applications without compromising on speed, cost, or usability.

At the heart of NEAR lies its unique consensus protocol, Nightshade Sharding. This consensus protocol is designed to enable shards, or independent networks, to operate in parallel with each other. Each shard is capable of processing transactions independently and in parallel with other shards, making it more efficient and cost-effective than traditional blockchains. This is what makes NEAR truly scalable.

NEAR also features an easy-to-use account model, which enables users to quickly and easily create and manage accounts. This makes onboarding users to your application a breeze. On top of that, users can easily transfer funds between accounts, without the need for complicated addresses or long transaction times.

Finally, NEAR allows developers to write their applications in either Javascript or Rust, giving them the flexibility to use the language they are most comfortable with. Together with powerful dev-tools and an extensive documentation library, NEAR makes it easy for developers to get up and running quickly with their projects.

From users to developers, NEAR provides a hassle-free experience, allowing everyone to create and contribute without limits. With its innovative Nightshade Sharding technology, NEAR is paving the way for developers to take advantage of the Web3 revolution and build the applications of the future.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.