NEAR Protocol (NEAR) And Its Future In DeFi

Ascension of a nearby protocol: a potential game converter for decentralized finances

In the world of cryptocurrency, few projects have gained as much attention and dynamics in recent years as near the protocol (near). As one of the largest and most promising projects in the space of decentralized funding (Defi), he is close to a revolution in the revolution in the way we consider digital assets and transactions. In this article, we dive into the world of the near protocol, its unique features and its growth potential in Def.

** What is near the protocol?

In 2017, the well -known entrepreneur and investor founded near the protocol (close). It was originally called “Chainlink”, the project developed over time to integrate various technologies and solutions that would possibly form the foundations of a loved one. Chainlink’s mission was to create a decentralized Oracle network that would allow safe and effective interactions between intelligent contracts and external data sources.

Ecosystem Defi

Defi, abbreviation for decentralized funds, concerns the Class of Financial Services and Protocols that operate in the Blockchain network without the need for intermediaries or traditional financial institutions. In recent years, Defi has seen rapid growth, with various projects and platforms appear to meet users’ needs.

Near the protocol is in the forefront of this trend, it offers a burning, safe and efficient platform for building decentralized applications (DAPP) and interaction with external data sources using its native cryptocurrency close. The nearby ecosystem is built on the top of the polygon network, a layer-2 scaling solution, which allows faster and cheaper transactions compared to traditional networks.

Key features of a close protocol

• Scalability : close use of polygon allows faster transaction processing times and lower fees, making it an attractive choice for assembly applications.

• Security : Nearby uses a consensus algorithm in the field of evidence (POS), which is more energy efficient than the algorithms of traditional evidence (Pow) used by many blockchain projects.

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• Oracle decentralized network : Network Oracle Network allows safe and efficient interactions between intelligent contracts and external data sources, reducing the risk of centralization and creating transparent default.

growth potential in def

Thanks to its scalable, safe and effective architecture, it is okay near the protocol to drive the growth in Defi. Some potential applications and cases of use that may allow you to allow: they include:

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• Inadricable tokens (NFT)

  

  markets: Native cryptocurrency near the protocol can be used to create NFT markets that allow safe, transparent and efficient transactions between buyers and sellers.

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Intelligent development of contracts : The intelligent contractual platform of the nearby system allows developers to build decentralized applications with ease, making it an attractive option for building Defi applications.

Conclusion

Near the protocol (close) is a project changing game in the world of Kryptomen and Defi. Thanks to its spooky, safe and effective architecture, it is close to the potential to manage growth in Defi and become a leading player in the industry. When Defi continues to develop and matures, the native cryptocurrency and the Intelligent Contract Platform will play an increasingly important role.

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