NEAR Protocol

<p>While the <a href="https://blockchainreporter.net/defi-decentralized-finance/" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a> sector is continuously expanding, Particle Network is making great endeavours to bring about a revolution in the <a href="https://blockchainreporter.net/glossary/web-3-0/" rel="noopener noreferrer nofollow">Web3</a> world. This time, the platform has collaborated with NEAR. The integration with NEAR mainnet as well as the provision of compatibility in the case of social media-based logins is the landmark achieved by Particle Network.</p><h2 id="header-0">Particle Wallet and NEAR Mainnet Integrate to Grow Web3 Sector</h2><p>The ongoing integration takes Particle Network nearer to a completely decentralized system of finance. In addition to this, it also enriches the consumer experience to a great extent. Particle Wallet provides a secure and resilient system to manage assets. This cutting-edge <a href="https://blockchainreporter.net/glossary/cryptology/" rel="noopener noreferrer nofollow">cryptographic</a> protocol offers an additional security layer, guaranteeing that the assets of the clients are safe.</p><p>Apart from that, it also enables high-performance activities. NEAR is considered to be a high-performance and developer-friendly platform. It offers matchless security and scalability. With the latest integration, Particle Wallet takes benefit of the respective features for the provision of a decentralized and secure environment to manage assets. The innovative consensus mechanism of NEAR is Nightshade.</p><p>This mechanism further empowers platform integration by blending sharing and <a href="https://blockchainreporter.net/glossary/proof-of-stake-pos/" rel="noopener noreferrer nofollow">proof-of-stake (PoS)</a>. The cost-effectiveness and scalability of the transfers are the most important things in the DeFi sector. The mainnet of NEAR utilizes sharding technology and addresses the respective concerns. It processes numerous transfers in a second at minimum cost. The current integration ensures matchless and rapid transfers for the consumers of Particle Wallet to improve the overall customer experience.</p><h2 id="header-1">The Integration Offers Scalability, Cross-Chain Compatibility, and Rapid Transactions</h2><p>The integration of the Particle Wallet with NEAR additionally offers cross-chain compatibility. It also provides several DeFi-related opportunities. The implementation of a gas-efficient and trustless bridge named “Rainbow Bridge” lets Particle Wallet interact with NEAR Protocol via the rest of the <a href="https://blockchainreporter.net/how-can-features-of-blockchain-support-sustainability-efforts/" rel="noopener noreferrer nofollow">blockchain</a> networks like <a href="https://blockchainreporter.net/tag/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a>. This permits consumers to smoothly transact assets across diverse networks. This turns it into a unique DeFi <a href="https://blockchainreporter.net/glossary/digital-asset-ecosystem/" rel="noopener noreferrer nofollow">ecosystem</a>.</p><p>NEAR Wallet, with the use of Particle Auth, will be compatible with logins on social media platforms. This substantially simplifies access to DeFi platforms and <a href="https://blockchainreporter.net/glossary/decentralized-applications-dapps/" rel="noopener noreferrer nofollow">decentralized applications (dApps)</a>. This comfortable procedure allows consumers to reach their wallets with the use of their accounts on social media. By Embracing Web3 technology, <a href="https://particle.network/" rel="noopener noreferrer nofollow">Particle Network</a> as well as NEAR Protocol endeavor to improve the DeFi experience. This also paves the way for a decentralized internet.</p>

Particle Network Collaborates with NEAR Mainnet to Enhance Web3 DeFi Ecosystem

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