NEAR Protocol NEAR

• Near Protocol’s X page was hacked for the second time this year, with the hackers posting a series of anti-crypto messages instead of promoting scams or phishing campaigns. Show More

Near Protocol's Nightshade 2.0 Upgrade Goes Live, Boosting Efficiency and Scalability

• Near Protocol, a popular Layer 1 network, has launched the Nightshade 2.0 upgrade on its mainnet, introducing stateless validation and significantly improving validator performance, transaction execution speed, and shard capacity. Show More

Today I'll share with you one of my favorite projects:

NEAR Protocol: A Developer-Friendly Blockchain Platform

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NEAR established in 2017, Near Protocol boasts a formidable team of over 200 members, including a core group with extensive experience who were previously part of major corporations and organizations like Facebook, Google, Microsoft, Consensys, and more. Show More

NEAR Protocol operates on the basis of Public Proof of Stake and Sharding mechanisms. In other words, NEAR functions as a community-operated cloud platform. Show More

I have mixed feelings about the NEAR Protocol idea. While there are some positive aspects to the project, there are also certain concerns that I believe need to be addressed. Show More

The NEAR Protocol community is an exceptional and vibrant ecosystem that has rapidly gained recognition and respect within the blockchain industry. Show More

When we take a closer look at the on-chain activity of NEAR in the context of its massive $500 million total fundraising, it becomes apparent that the project, in its current state, to put it lightly, screwed up. Show More

One of the strongest teams on the market, they initially received funding not for a specific product, but for the team itself. Show More

Recently, the team announced that it is becoming the Blockchain Operating System (BOS). The BOS is an industry-first category: Show More

Given the robust social metrics, a strong Twitter account, and a profound ecosystem with an extensive social community, I award Near Protocol a score of 5. Show More

The project is considered fundamental, and based on tokenomics and historical data, there is a potential for significant growth, even matching a 10x increase during the peak of the next bull run. Show More

My assessment of NEAR's tokenomics:

Pros:

• Offers excellent utility such as paying transaction fees, on-chain data storage, governance, and validator rewards. Show More

I'd rate the Near project with a score of 4. While it demonstrates qualities of a quality Layer 1 blockchain, its relatively low user adoption and EVM incompatibility hinder its full potential. Show More

I'm torn between 4 and 5 stars. Near has borrowed a lot of the best elements from some of the leading blockchain projects and incorporated it into their own to create a very solid product. Show More