About NEAR Protocol

NEAR Protocol is a layer-one blockchain designed as a community-driven cloud computing platform, addressing common challenges faced by other blockchains, such as slow transaction speeds, low throughput, and poor interoperability. These improvements create an ideal environment for decentralized applications (DApps), offering a platform that is both developer- and user-friendly. For example, NEAR uses human-readable account names, unlike the complex cryptographic wallet addresses found on Ethereum. Additionally, NEAR introduces innovative solutions to scaling issues and features its own consensus mechanism called "Doomslug."

NEAR Protocol is developed by the NEAR Collective, a community dedicated to updating the initial code and continuously improving the ecosystem. The project's goal is to create a platform that is "secure enough to manage high-value assets like money or identity and performant enough to be useful for everyday people."

Notable projects built on NEAR Protocol include Flux, a protocol that allows developers to create markets based on assets, commodities, and real-world events, and Mintbase, an NFT minting