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Near Protocol Introduction
Sandra Leow


  • NEAR Protocol is an L1 network that uses sharding to achieve high TPS
  • The network uses a proof of stake consensus mechanism to secure and validate transactions on the blockchain
  • NEAR Protocol is backed by big names like Pantera Capital & A16z
  • $NEAR token is inflationary by design but can become deflationary with increased network usage
  • NEAR is working on interoperability with existing L1 networks through its Ethereum-compatible Aurora network
  • NEAR is designed to scale according to demand, with low transaction costs, and built-in incentives for developers - solving issues that plague Ethereum
  • NEAR offers the ability to build dApps in both AssemblyScript and Rust

_All numbers and metrics in this report are accurate as...