NEAR Protocol, launched in 2020, is a highly scalable and developer-friendly blockchain platform designed to support decentralized applications (dApps). It utilizes an innovative sharding mechanism called Nightshade, which divides the blockchain into smaller segments (shards) to improve transaction throughput and efficiency. This architecture allows NEAR to handle thousands of transactions per second with low fees, making it an attractive choice for developers building on Web3. The platform's ecosystem includes tools and features like NEAR Wallet, NEAR Explorer, and developer-friendly libraries, enhancing accessibility and usability.
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