Deep Dive
1. Purpose and technology
NEAR is a Layer 1 blockchain: its own network for processing transactions and running smart contracts. Its Nightshade design uses sharding, which divides network work into parts that can be processed in parallel, with the goal of improving capacity. NEAR also emphasizes simpler account and app experiences. BTC Markets
2. Token and cross-chain features
The NEAR token is used for transaction fees and staking, where participants help secure the network. NEAR’s cross-chain tools include NEAR Intents: users or apps specify a desired outcome, such as a swap, and specialized participants can fulfill the request. The aim is to make interacting across blockchains less complicated. NEAR Protocol
Conclusion
NEAR is a smart contract blockchain designed around scalability and simpler, cross-chain app interactions, while its token supports network activity and security. How effectively can NEAR make cross-chain actions feel seamless to everyday users?
