Title: Unlock of the near protocol (near): discovery in decentralized financing and intelligent contracts

Introduction

In recent years, the world of cryptocurrency has witnessed an increase in innovative projects that revolutionize how we consider decentralized applications. Such a project is near the protocol (almost), a decentralized blockchain platform, which has obtained considerable attention between developers, investors and users. In this article, we immerse ourselves in the unique consensual mechanism of the tight protocol and examine its potential benefits in the field of decentralized finance (Defi) and the development of intelligent contracts.

What is near the protocol?

A nearby protocol is an open blockchain source platform, which allows the creation of decentralized applications (DAPP), without the need for a central or intermediary body. Moshe Kripan and Shayan Boustanji were founded in 2020, with a scalable, safe and interoperable platform for developers to build decentralized financial services near the goals.

A unique consensus mechanism

The mechanism of consensus consensus is based on the concept of evidence of setting up (POS), which has several advantages over the traditional work processing mechanisms (POW). POS allows validators to introduce their cryptocurrencies and participate in the network by solving complex mathematical puzzles and is not an easy exploitation for reward. This approach reduces energy consumption, transaction times and POW costs.

The mechanism of a tight consensus is based on the new tolerance hybrid to Byzantine insufficiency (BFT) and participation evidence (POS). The system uses a combination of cryptographic techniques to ensure the safety and integrity of transactions, while allowing the rapid and efficient implementation.

Key features

Near the protocol, he prides himself on several key features that make an attractive choice for developers and users:

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• Energy efficiency : The almost consensus mechanism is designed to be energy efficient, which is necessary for developers and users of the conscious environment.

• Interoperability

  

  : The purpose of the nearby protocol is to allow the free interaction between different blockchain platforms and defy protocols, opening new opportunities for innovation and growth.

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Use cases

A tight protocol has a wide range of applications that lead to adoption and interest among developers:

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• Coaching (NFT) : Nearby accepts NFT formation using the original sushi token. This has caused interest between developers who build decentralized markets and social platforms.

• Descentralized applications (DAPPS) : Open-Source nature and protocol support for several programming languages ​​makes an attractive choice for developers who build DAPPS.

Conclusion

Near the protocol is a pioneering project that offers a unique consensual mechanism that combines the benefits of the command to participate with Byzantine failure tolerance. Due to the rapid transaction times, energy efficiency features and interoperability, this is an attractive choice for developers and users in Defi. Because it continues to innovate and expand its ecosystem, we can expect a significant increase in adoption and interest among developers.

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