Unlocking Near Protocol: A Beginner’s Guide To The Future Of Blockchain Innovation

New crypto market players are not necessarily underdogs offered at a fraction of a dollar. For one, Near Protocol has already gained an impressive reputation. It strongly aims to survive during the crypto market depression. By the end of the post, it will be clear who would take over in the NEAR vs AVAX or any other comparison against Near. 

What Is Near Protocol Blockchain?

Near Protocol is a blockchain-based platform for decentralized applications (dApps). It focuses on high usability and has a user-centric nature. Like Ethereum, this public ledger offers smart contracts functionality.

It is a community-run cloud computing platform. It uses human-readable account names instead of cryptographic addresses to add to user-friendliness. The platform also aims at addressing the limitations of other blockchain platforms. The low transaction speed, inadequate throughput, or poor interoperability. 

How Does Near Protocol Work?

Near Protocol can improve transaction throughput through the use of sharding technology. It’s estimated that this public ledger can achieve and maintain 100,000 TPS. At the same time, transaction costs are at nearly zero. 

Near Protocol is a highly functional platform that provides developers with modular components. These help even citizen developers create NFTs and dApps, and run smart contracts. Near Protocol offers to exploit JavaScript software development kit. This way, developers may enter the Web3 space with just the knowledge of this programming language.

Key Features of Near Protocol

Let’s see the features that such an interesting public ledger as Near Protocol has to offer.


Sharding is what makes Near Protocol stands out from the competitors. It utilizes a variation of sharding known as Nightshade. Under this model, sets of validators process transactions in parallel across shared chains. It adds to the capacity of the blockchain. 

Through sharding, Near Protocol scales upon joining of new nodes. It all boils down to reducing the computation load imposed on every involved node. That’s exactly how Near Protocol achieved nearly instant transaction processing. 


Unlike many cryptos, Near Protocol features the threshold Proof of Stake (PoS) technique. It’s a fair, predictable, and decentralization-friendly model. It prevents pooling and encourages network members to take part in the validation. This adds to the security and transparency of the platform.


Near Protocol features the usability-first approach that derives from the “progressive security” model. The latter allows for better user experience from resembling web experiences. In other words, it means that within this platform, developers are encouraged to create apps that actually bring value to the end users. It’s achieved through offering various benefits. They include easy subscriptions, understandable onboarding, predictable pricing, and conventional usage styles. These add to the overall user-centricity of any software solution developed on top of Near Protocol. 

Why Should We Use the Near Protocol?

Near Protocol is a solid choice for the development of dApps NFT projects. The platform is definitely not going anywhere soon. It allows citizen developers to develop their first software solutions. 

Regular users may enjoy other perks. Those include small fees, fast transaction speeds, and ease of platform usage. NEAR’s price is about $1.62, and its volatility is moderate. Thus the token is a decent choice for investors willing to diversify their portfolios. For further diversification, consider other coins like ALGO, XYO, and STX. If things go sour for any of these coins, you can always convert your STX to BTC using a reliable exchange platform.