TLDR

• 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...