An increase near the protocol: a potential exchanger of decentralized finance players
In the world of cryptocurrency, several projects have attracted the same attention and momentum in recent years as close to the protocol (near). Being one of the largest and most promising projects in decentralized (dead) finance premises, it is ready to revolutionize the way we think of digital properties and transactions. In this article, we will enter the world near the protocol, its unique characteristics and the potential for growth in Def.
What’s close to the protocol?
Near the protocol (Near) was founded by Paul Zypania, a well -known entrepreneur and investor, in 2017 initially called “Chainlink”, the project developed over time to include various technologies and solutions that in the end would have formed the nearby base. The Chainlink mission was to create a decentralized Oracle network that allowed safe and effective interactions between intelligent contracts and sources of external data.
Ecosystem defined
The act, abbreviated for decentralized finances, refers to a class of financial services and protocols that work on blockchain networks without the need for traditional intermediaries or financial institutions. In recent years he has undergone rapid growth and various projects and platforms have satisfied themselves with the needs of users.
Close to the protocol is located in the head of this trend, it offers a scalable, safe and effective platform to build decentralized applications (APPS) and interaction with sources of external data that use the original cryptocurrency currency, nearby. The narrow ecosystem was built at the top of the Polygon network, solutions for the layer-2 downsizing that allows faster and cheaper transactions than traditional networks.
Key features near the protocol
- Scalability : the use of a nearby polygon allows you to process faster transactions and lower taxes, making it an interesting option for surely the application.
- Security : Near the algorithm of trial consent (POS), which is more efficient from the energy point of view of the algorithms of traditional work tests (POW) used by many other blockchain projects.
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- Oracle Network Decentralized : Oracle Network Oracle allows safe and effective interactions between intelligent contracts and external data sources, reducing the risk of centralization and setting the most transparent definition.
Potential for growth in defining
With its scalable, safe and effective architecture, it is well positioned near the protocol to certainly encourage growth. Some potential applications and use cases that may allow to include:
- Decentralized Finance (dead) : Scalabelà and safety nearby make it an interesting option for the construction of decentralized financing protocols, such as loans, loans and stabilone markets.
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- Development of the intelligent contract : the platform of intelligent contracts nearby allows developers to easily create decentralized applications, which makes it an interesting option to create a Cead application.
Conclusion
Near the protocol (near) there is a project that changes the game in the evaluation of cryptocurrencies and in defamation. With its scalable, safe and effective architecture, nearby has the potential to increase the growth of the definition and become a leading actor in the sector. Since the ecosystem is defined, it continues to develop and mature, close to the native cryptocurrency of the protocol and the intelligent contractual platform, will play an increasingly important role.
Advice
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