NEAR Protocol (NEAR) And Its Future In DeFi
Increase in the nearby protocol: the potential gameplay of decentralized finances
In the world of cryptocurrencies, few projects have gained as much attention and momentum in recent years as nearby (near). As one of the largest and most promising projects in decentralized financial (defi), it is ready to revolutionize the way of thinking about digital devices and transactions. In this article, we immerse themselves into the world of a nearby protocol, its unique properties and its growth potential in the Defi.
What is near the protocol?
Founded by Paul Zypania, a well-known entrepreneur and investor near the protocol (close), in 2017. Initially called “Chainlink”, the project developed over time to build various technologies and solutions, which eventually form a nearby basis. Chainlink’s mission was to create a decentralized Oracle network that would allow secure and efficient interactions between smart contracts and external data sources.
The Defi Ecosystem
Defi, short for decentralized financing, refers to a department of financial services and protocols that operate without mediators or traditional financial institutions on blockchain networks. In recent years, Defi has experienced rapid growth, with various projects and platforms to meet the needs of users.
It is close to the protocol at the forefront of the trend, which offers a scalable, secure and efficient platform for the construction of decentralized applications (Dapps) and interaction with external data sources near the native cryptocurrency. The nearby ecosystem is built on the top of the Polygon network on a 2-layer scaling solution that allows faster and cheaper transactions compared to traditional networks.
The most important features of a nearby protocol
- Scalability : Near use of polygon allows for faster transaction processing times and lower charges, thus providing an attractive opportunity for Defi applications.
- Safety : Uses a consensual algorithm nearby (POS), which is more energy efficient than traditional work (POW) algorithms used by many other blockchain projects.
- Interoperability : The protocol, near the smart contractual platform of the protocol, allows developers to create decentralized applications that can interact with external data sources from multiple networks and protocols.
- Decentralized Oracle Network : The nearby Oracle Network allows for secure and efficient interactions between smart contracts and external data sources, reducing the risk of centralization and making the defi more transparent.
The possibility of growth in the defi
With its scaling, safe and efficient architecture, it is well located near the protocol to increase the growth of Defi space. Some potential applications and use cases to which can be enabled close to:
- Decentralized financing (defi) : Close scalability and security offers an attractive opportunity for decentralized financial protocols such as lending, borrowing and Stablecoin markets.
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- Intelligent Contract Development : A nearby Intelligent Contract Platform allows developers to easily make decentralized applications, providing an attractive opportunity to build defi applications.
Conclusion
Near the protocol (near) a game change project in the world of cryptocurrencies and defi. With its scalable, safe and efficient architecture, close ability can help grow Defi space and become a leading player in the industry. As the deffi ecosystem further develops and mature, the protocol plays an increasingly important role near the native cryptocurrency and the smart contract platform.
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