NEAR Protocol (NEAR) And Its Unique Consensus Mechanism

Name: Unlock near

Introduction

In recent years, the cryptocurrency world has increased in innovative projects that revolutionate the way we think of decentralized programs. One of these projects is close to the protocol (Art), a decentralized blockchain platform that has paid great attention to developers, investors and users. In this article, we will dive into the unique mechanism of consensus on the close protocol and investigate its potential advantages in the field of decentralized finance (Defi) and intellectual contracts.

What is next to the protocol?

Near the protocol is an open source blockchain platform that allows the development of decentralized programs (DAPP) and does not require a central authority or mediator. 2020 Founded by Moshe Kranan and Shayan Boustanji, aimed at creating a developing, secure and interacting platform to create decentralized financial services for developers.

Mechanism of one consensus

NEAR Protocol (NEAR) and

The mechanism of a quarterly consensus is based on the concept of proof of implementation (POS), which has several advantages compared to traditional work evidence (POW) evidence mechanisms. This entry allows approvalrs to mark their cryptocurrencies and participate in the network, solving complex mathematical puzzles, not simply using the reward. This approach reduces energy consumption, operation time and expenses associated with POW.

Almost a mechanism of consensus is based on the new Byzantine light bulbs (BFT) tolerance hybrid and implementation (POS). The system uses a combination of cryptographic methods to ensure the safety and integrity of the operations, while allowing rapid and effective execution.

Basic characteristics

There are some basic features in the nearby protocol that make it an attractive choice for developers and users:

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  • Interaction Interaction: The Protocol aims to allow transparent interaction between different blockchain platforms and Defi protocols, opening up new opportunities for innovation and growth.

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User cases

There are many cases of use near the protocol that encourage developers’ adoption and interest:

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  • This has led to interest in developers who create decentralized markets and social platforms.

  • Decentralized Programs (DAPPS) : The nature and control of the Open Source of Road Programming Languages ​​makes it an attractive choice for developers creating DApp.

Conclusion

Near the protocol is an innovative project offering a unique mechanism of consensus that combines the advantages of evidence and tolerance for Byzantine attention. The rapid operation of operations, energy efficiency and interaction functions make it an attractive choice for developers and users in the Defi space. While Close continues to innovate and expands its ecosystem, we can expect the creators to accept and interest.

reshaping cryptocurrency ecosystem

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