{"id":24470,"date":"2022-09-20T15:34:45","date_gmt":"2022-09-20T10:04:45","guid":{"rendered":"https:\/\/technonguide.com\/?p=24470"},"modified":"2022-09-30T15:35:41","modified_gmt":"2022-09-30T10:05:41","slug":"opt-for-near-protocol-development","status":"publish","type":"post","link":"https:\/\/technonguide.com\/opt-for-near-protocol-development\/","title":{"rendered":"Why opt for NEAR protocol development?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Imagine if you could create decentralized applications without worrying about the complexity or cost of managing your network! NEAR protocol development may be the ideal solution that allows developers to achieve this goal. A <\/span><a href=\"https:\/\/www.leewayhertz.com\/near-protocol\/\"><span style=\"font-weight: 400;\">NEAR protocol development company<\/span><\/a><span style=\"font-weight: 400;\"> can build distributed applications over a secure, scalable network, making it simple for anyone to create their own dApp without worrying about the infrastructure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NEAR is a user-friendly, carbon-neutral blockchain built from the ground up to be secure, performant, and infinitely scalable. It is a layer 1, secured, proof-of-stake blockchain designed with usability that anyone can use.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_57_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\" role=\"button\"><label for=\"item-655df1678fa45\" ><span class=\"\"><span style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input aria-label=\"Toggle\" aria-label=\"item-655df1678fa45\"  type=\"checkbox\" id=\"item-655df1678fa45\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/technonguide.com\/opt-for-near-protocol-development\/#How_does_the_NEAR_protocol_work\" title=\"How does the NEAR protocol work?\">How does the NEAR protocol work?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/technonguide.com\/opt-for-near-protocol-development\/#Nightshade_sharding\" title=\"Nightshade sharding\">Nightshade sharding<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/technonguide.com\/opt-for-near-protocol-development\/#Rainbow_bridge\" title=\"Rainbow bridge\">Rainbow bridge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/technonguide.com\/opt-for-near-protocol-development\/#Aurora\" title=\"Aurora\">Aurora<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/technonguide.com\/opt-for-near-protocol-development\/#Why_choose_NEAR_protocol_development\" title=\"Why choose NEAR protocol development?\">Why choose NEAR protocol development?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/technonguide.com\/opt-for-near-protocol-development\/#Simple_to_use\" title=\"Simple to use\">Simple to use<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/technonguide.com\/opt-for-near-protocol-development\/#Fast_and_environment_friendly\" title=\"Fast and environment friendly\">Fast and environment friendly<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/technonguide.com\/opt-for-near-protocol-development\/#Developer_friendly\" title=\"Developer friendly\">Developer friendly<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/technonguide.com\/opt-for-near-protocol-development\/#Robust_technology\" title=\"Robust technology\">Robust technology<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/technonguide.com\/opt-for-near-protocol-development\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_does_the_NEAR_protocol_work\"><\/span><b>How does the NEAR protocol work?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Nightshade_sharding\"><\/span><b>Nightshade sharding<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Nightshade is the NEAR protocol\u2019s core technology for more efficient data processing. Sharding is the process that splits up transactions across several validator nodes. Each node will only process a fraction (TPS) of the network\u2019s transactions. Nightshade utilizes block producers and validators on NEAR to simultaneously process transaction data across multiple shards. Next, each shard will produce only a fraction of the next block. Each fraction is called a chunk. These chunks are processed and stored on the NEAR protocol\u2019s blockchain to finalize transactions. Nightshade could theoretically allow NEAR to process millions of transactions per second without any performance degradation. Transaction fees can be kept low, and overall efficiency can be maintained.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Rainbow_bridge\"><\/span><b>Rainbow bridge<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Rainbow bridge, a NEAR application, allows users to transfer ERC-20 tokens and stablecoins between NEAR and Ethereum blockchains. It is completely permissionless and decentralized. Users can use MetaMask and other web3 wallets to send ERC-20 assets directly to the NEAR wallet. They must first deposit the token into an Ethereum smart contract. However, direct token transfers between networks are not possible. To replace the original tokens, new tokens will be created using NEAR. This ensures that the total circulating supply for the token is constant across both blockchains.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Aurora\"><\/span><b>Aurora<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Aurora is a layer-2 solution on the NEAR. It is designed to assist developers in expanding their apps on Ethereum-compatible platforms that offer low transaction costs. NEAR claims Aurora can host thousands of transactions per second with just 2 seconds of block confirmation time. Aurora comprises the Aurora Engine (EVM) and the Aurora bridge. As the Aurora engine is compatible with Ethereum and supports all tools in the Ethereum ecosystem, it makes it easy for developers to start on NEAR without needing to rewrite dApps or learn new programming tools. The Aurora bridge, which is the same technology as the Rainbow bridge, allows developers to seamlessly connect their smart contracts and ERC-20 tokens with NEAR protocol blockchains and Ethereum.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_choose_NEAR_protocol_development\"><\/span><b>Why choose NEAR protocol development?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">NEAR has been developed with developers and users in mind.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Simple_to_use\"><\/span><b>Simple to use<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">You can create human-readable accounts using NEAR instead of a public key hash. This improves the user experience. NEAR leverages a web-based wallet, so users don\u2019t need to install programs or browser extensions. Alongside this, users can handle their account permissions with a simple yet rich system of access keys.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Fast_and_environment_friendly\"><\/span><b>Fast and environment friendly<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Transactions over the NEAR protocol are incredibly fast and cheap. Also, the network is certified carbon-neutral. NEAR consumes the same energy in a year that Bitcoin consumes in 3 minutes.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Developer_friendly\"><\/span><b>Developer friendly<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">With <\/span><a href=\"https:\/\/www.leewayhertz.com\/near-protocol-development-services\/\"><span style=\"font-weight: 400;\">NEAR protocol development<\/span><\/a><span style=\"font-weight: 400;\">, you don\u2019t have to be a Solidity or Vyper expert. You can make smart contracts using Rust or JavaScript. It is also lucrative as 30% of gas fees go to the developer. Also, it has a strong documentation base, making onboarding simple for the developers.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Robust_technology\"><\/span><b>Robust technology<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Due to its sharding mechanism, NEAR can scale infinitely and resists short-term usage spikes. Using its Rainbow bridge, it can interoperate with Ethereum. Additionally, it is EVM compatible with Aurora.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As the blockchain market grows, platforms with higher throughput and low transaction costs will play an important role in mainstream adoption. NEAR\u2019s scaling solutions attract developers who want to create more efficient DeFi products or dApps. NEAR\u2019s roadmap also includes layer-2 cross-chain solutions and further sharding development to scale its blockchain more that benefits end-users and developers.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Imagine if you could create decentralized applications without worrying about the complexity or cost of<\/p>\n","protected":false},"author":1,"featured_media":24471,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[416],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why opt for NEAR protocol development?<\/title>\n<meta name=\"description\" content=\"Imagine if you could create decentralized applications without worrying about the complexity or cost of managing your network!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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