Near Protocol (NEAR) is a program synthesis platform that was created in early 2017 by Illia Polosukhin and Alexander Skidanov. NEAR is a decentralized development platform that features PoS, sharded architecture to scale transactions through Doomslug and Nightshade technologies. The founding vision for the platform was to provide an easy path for developers to create decentralized apps that can scale quickly.
Near’s token, NEAR, uses sharding, a process that aims to spilt the network’s infrastructure into several segments in order for computers (nodes), to only have to handle a fraction of the network’s transactions. By doing this, rather than the complete blockchain across network participants, sharding is expected to create a more efficient way to retrieve data and improve scalability.
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