Cool Unique Shit about Near Protocol?

Kevin Whitsitt

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3y ago 3:53

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Click on the link below for 5 challenges with this project!

https://www.trustthelink.com/what-is-the-near-protocol-coin-5-big-concerns/

Hey wutzup guys. I wanted to talk about the NEAR Protocol and what makes it cool and different, just the name sounds super boring right? NEAR Protocol. Mostly because I was curious about it and I'm a nerd that way. Just wanted to share a few cool stuff.

The NEAR Protocol is a blockchain that runs smart contracts on it such as Ethereum you know the top dog. What the hell makes NEAR special? One of the unique things about it is something called sharding, which is does well.

You could think of sharding as eating a pizza with 8 slices. Instead of you eating the pizza by yourself you got 7 of your friends to help. By having your friends each eat a slice you would be done MUCH quicker right?

Sharding works the same way by splitting the work between different validator nodes that validate the transactions. Sharding makes transactions very fast at around 3,000 transactions per second compared to Bitcoin which does around 4.5 transactions a second. More goods are the gas fees are VERY low at around 1 cent. Ethereum can have VERY high gas fees.

More good news is if you stake NEAR that is coin that runs the blockchain. There is only a 2-day hold if you decide to unstake them. Some projects are more strict such as Polkodot which makes you wait 3-4 weeks.

NEAR also works well with others, which is important. It's like the guy at a job who has a good attitude and gets along with everyone he has value - compared to the guy that is constantly complaining right? NEAR works with other blockchains they have this thing called Aurora allowing developers to bring over their Daaps on Ethereum and run them on Near Protocol with fewer fees.

Another way that NEAR plays well with others is the rainbow bridge (nice name right?) this just lets someone move their money from different blockchains onto NEAR. The last cool thing I can think of (I'm sure there is more) is it works good with developers. 30% of the gas fees go to the developers. They also support many Coding languages that developers can use.

Of course not everything is perfect with this project there are 5 main concerns, which are very good to know about. To learn the major problems with this project simply click on the link below or go to trustthelink.com. I hope this video or podcast was a little helpful. Bye for now.

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