A blockchain, NEAR offers high speeds, low transaction fees, and a carbon-neutral Proof-of-Stake (PoS) network.
NEAR originally started as a machine learning project, and later evolved to become a blockchain development platform and cryptocurrency, called the NEAR token. Today, people are using NEAR for NFTS, decentralized finance, and decentralized autonomous organizations.
Recently, NEAR launched Nightshade Sharding to handle increased activity without compromising security. As a result, NEAR can scale linearly, which makes it attractive to millions, maybe even billions, of users. That's because it now can handle high volumes of transactions while keeping its high speeds and lower transaction fees.
Upcoming developments means NEAR's hardware requirements will also become lower and, therefore, position NEAR for mainstream usage.
Speed, scalability, and sustainability are the main strengths of the NEAR Protocol thanks to its high efficiency and sharding technology. Its computational and storage workload is spread out, which helps increase the number of transactions per second.
Sharding also helps reduce network congestion. Although Ethereum is testing sharding for greater scalability, NEAR is still slightly ahead.
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