Near Protocol Dedicated Node

Near Protocol (NEAR) refers to young cryptocurrencies. The NEAR network was founded in 2020 and is focused on the execution of dApps, web3 apps and blockchain smart contracts. The Near Protocol algorithm, which is a variation of the Proof-of-Stake algorithm, is used to validate transactions. The NEAR network is being developed taking into account the current problems of dApps, web3 apps and blockchain smart contracts - including low cost and not high scalability, as well as the difficulties of transferring dApps between platforms. According to the developers of Near Protocol, it takes a user no more than five minutes to create the first web3 app based on a blockchain smart contract. A sharding technology is used to improve the efficiency of the NEAR algorithm. It's called Nightshade.

The Near Protocol network can communicate with the virtual machine of the Ethereum network. ERC-20 tokens as well as NFTs are transferred between the NEAR network and the Ethereum network. The Nightshade sharding technology, which is particularly important for the speed and scalability of Near Protocol, is based on transmitting snapshots of the NEAR blockchain state. The NEAR network thus achieves speeds of 100,000 transactions per second.

NEAR network has NEAR tokens. Since all of them were created at the same time when the project was launched, and a kind of Proof-of-Stake algorithm is used to verify transactions, NEAR mining is not possible. Instead, NEAR nodes that perform validator tasks can vote for a particular transaction to be included in the block. The likelihood that a NEAR node will be rewarded in the form of transaction fees is proportional to the NEAR node's contribution to the so-called staking pool. Also, the accumulation of NEAR tokens in the staking pool indirectly contributes to the NEAR price. Any NEAR client can put its tokens into the staking pool to receive a proportional reward.

The NEAR network is also distinguished by its account system. NEAR clients can create wallet addresses in the form of a string with the extension .near. They are much more convenient to work with than Bitcoin network addresses or any other cryptocurrency network. Developers who create blockchain smart contracts, dApps and web3 apps use special NEAR network accounts.

The Near Protocol algorithm uses NEAR nodes. Each segment of the NEAR network is supported by its own chain of NEAR nodes validators, and they work in parallel. Block creation speed does not exceed one second. Meanwhile, the transaction between Near Protocol nodes is about 10,000 times cheaper than the transaction between the nodes of the Ethereum. Meanwhile, the NEAR node system is hidden from the end user, who may not even realize that he is dealing with blockchain smart contracts, dApps and web3 apps. All of these applications, as well as the NFTs in the NEAR network, are based on a system of modular components.

The Near Protocol dedicated nodes will be the best way to unlock the full potential of NEAR. At the same time, the complexity of installing and configuring a NEAR dedicated server hinders developers. A good solution is NEAR blockchain node as a service. It will both save a lot of hassle of installing and configuring Near Protocol dedicated nodes, and allow you to go straight to creating powerful blockchain smart contracts, dApps and web3 apps.

Developers of applications to be used on the Near Protocol (NEAR) network have access to a powerful API. Among its commands are WebSockets blockchain API, JSON RPC blockchain API, as well as REST and many other commands. Using them will allow developers to fully exploit the Near Protocol potential.