NEAR Protocol

<a href="https://www.linkedin.com/in/illia-polosukhin-77b6538/" rel="noopener noreferrer nofollow">Illia Polosukhin</a> is the Co-founder of <a href="https://coinmarketcap.com/currencies/near-protocol/" rel="noopener noreferrer nofollow">NEAR Protocol</a>, Effortlessly create and distribute innovative decentralized apps across any blockchain, while helping build a more open web, with the NEAR Blockchain Operating System (BOS).<blockquote>He stated, &#34;We want to hit one billion users. That&#39;s a very concrete goal. A billion active users.&#34;</blockquote><a href="https://www.linkedin.com/in/yar-hodl/" rel="noopener noreferrer nofollow">Yaroslav Ivanov</a> is the Co-founder of <a href="https://www.altalab.io" rel="noopener noreferrer nofollow">ALTA Blockchain Lab</a>, a blockchain accelerator and DLT mass adoption consulting that aims to fuel the crypto industry&#39;s supercharging through innovative and effective solutions for every founder.<blockquote>He said, &#34;Our goal is simple - to provide clear steps for integrating every idea in the blockchain industry and make their way easier. The current state of Web3 ecosystems is reminiscent of decentralized countries, with their own laws and inner cities filled with businesses.&#34;</blockquote><h3 id="the-inevitable-growth-of-web3-ecosystems">The Inevitable Growth of Web3 Ecosystems</h3>They share a vision of a future where Web3 ecosystems are accessible to everyone, resembling decentralized countries with their own laws and inner cities filled with businesses. The sustained industry scaling towards security and elimination of centralized solutions will create a complete Web3 world. The Ukrainian co-founders believe that while the current state of the cryptocurrency industry is promising, it is still nascent. According to data from the Cambridge Center for Alternative Finance, there are currently around 420 million cryptocurrency users worldwide, which is a significant increase from just a few years ago, but pales in comparison to the potential user base for Web3 ecosystems.<h3 id="challenges-faced-by-the-cryptocurrency-industry">Challenges Faced by the Cryptocurrency Industry</h3>The cryptocurrency industry faces several challenges on its path to true decentralization, including a shift in mindset from traditional centralized models and the development of technical solutions. Additionally, security and respect are critical factors in the success of Web3 ecosystems, as the industry has faced many challenges related to hacks, thefts, and projects with centralization or profit motives.Despite these challenges, Co-founder Illia Polosukhin is optimistic about reaching the specific goal of one billion users on the NEAR Protocol. Co-founder Yaroslav Ivanov suggests that an outreach model similar to the one used by companies eight years ago, which included a training stage before direct project advertising, could help the ecosystems achieve their goals even faster.<h3 id="conclusion">Conclusion</h3>Web3 ecosystems have the potential to create a safer, more transparent, and fairer future for all. While challenges such as achieving true decentralization and ensuring robust security measures remain, the growing number of young entrepreneurs entering the field provides insight into the inevitable future tide of billions of users. Simple and secure solutions, like those offered by the industry, make it easier to launch new ideas, allowing the entire community to focus on achieving mass adoption. The younger generation is also willing to ignore potential dangers, such as quantum computers, regulatory changes, and market volatility in the cryptocurrency space.Let’s build an Open Web world! A world where people control their assets, data, and power of governance. Try it now <a href="https://near.org" rel="noopener noreferrer nofollow">NEAR Protocol</a>.(Cover Photo - Illia Polosukhin and Yaroslav Ivanov: <a href="https://www.linkedin.com/in/saikarri/" rel="noopener noreferrer nofollow">Sai Karri /</a> <a href="https://cryptocowboymedia.com" rel="noopener noreferrer nofollow">Crypto Cowboy Media</a>)<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/8b39fbe2d91641b78d2efb2fd5019a58.png" />&#34;The NEAR Protocol reached #16 on CoinMarketCap - Jan. 16, 2022.&#34;

Co-Founders Illia Polosukhin of NEAR Protocol and Yaroslav Ivanov of ALTA Blockchain Laboratory aim to reach billions users to the blockchain industry

Table of Contents

ALTA

Other articles published on May 25, 2023

Multichain token (MULTI) price dips amid stuck transactions and growing concerns

Adobe Supercharges Photoshop with Firefly Generative AI

Bitcoin Price Analysis: 25885 Objective Tested - 26 May 2023

Japan to Implement Crypto AML Measures in June: Report

Ripple CEO Provides Update on SEC Case Conclusion Date and XRP’s Fate

🗒 Daily Newsletter | Thursday, May 25, 2023

Join our free newsletter for daily crypto updates!