NEAR Proto...

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NEAR Protocol is a leading Layer 1 (L1) blockchain platform designed for an open web, emphasizing simplicity, scalability, and developer-friendliness. As a Smart Contract Platform, NEAR utilizes a Proof of Stake (PoS) consensus mechanism and sharding technology (Nightshade) to achieve horizontal scaling, robust resistance to traffic spikes, and eco-friendly operations, consuming significantly less energy than traditional blockchains. It aims for mass adoption of Web3 by offering features like named addresses, multi-key accounts, and built-in gas fee abstraction for users, making the blockchain experience intuitive. For developers, NEAR empowers the creation of decentralized applications (dApps) using familiar languages like Javascript and Rust via its WebAssembly runtime, providing built-in developer incentives where smart contract creators earn 30% of burned gas. The `NEAR` token powers transactions and network security. Increasingly, NEAR is positioned as the home for Artificial Intelligence (AI) and Web3 builders, pioneering Chain Abstraction through Chain Signatures and Intents, which enables seamless interaction across multiple blockchain networks and supports user-owned AI initiatives.

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