Current NEAR Protocol Price: An Overview
NEAR Protocol stands out as a layer-one blockchain, crafted to function as a community-driven cloud computing platform. This innovative design addresses several persistent issues found in other blockchain systems, such as sluggish transaction speeds, limited throughput, and poor interoperability. Consequently, NEAR Protocol presents a user-friendly and developer-friendly ecosystem, creating an optimal environment for decentralized applications (DApps).
To tackle scalability challenges, NEAR Protocol introduces a unique solution through its consensus mechanism called “Doomslug.” The NEAR Collective, the vibrant community supporting NEAR Protocol, continuously enhances the original code and implements improvements across the ecosystem. Their mission is to establish a platform that is not only “secure enough to manage high-value assets like money or identity” but also “efficient enough to be accessible to everyone.”
Several projects have been developed on the NEAR Protocol, including Flux, a protocol enabling developers to create markets based on assets, commodities, and real-world events, and Mintbase, a platform for minting non-fungible tokens (NFTs).
The visionary behind NEAR Protocol is Erik Trautman, the founder of Viking Education and a seasoned entrepreneur with experience on Wall Street. He was joined by co-founders Illia Polosukhin, boasting over a decade of industry experience, and Alexander Skidanov, a computer scientist who previously worked at Microsoft and served as the director of engineering at memSQL.
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