Buy NEAR Protocol (NEAR)

NEAR Protocol is a carbon-neutral layer 1 blockchain network that is scalable and secure using Nightshade, a sharding technique. NEAR was built with a focus on usability and convenience for developers and users.

Machine learning and program synthesis

It started as a machine learning project with the goal of "program synthesis." This means automatically finding a program in a programming language that the user is looking for, where the user has a specific goal in mind. People have been looking for this since 1950, and it can be called the "holy grail" of computer science.

Main goal NEAR Protocol

With NEAR Protocol, you can effortlessly build and distribute innovative dApps over any blockchain. With the NEAR Blockchain Operating System (BOS), you help create a more open Web.

The term Ethereum killer will be familiar to you by now, but Ethereum is stronger than ever. NEAR does indeed have features that are better than Ethereum, but they need some practice before they can even approach Ethereum.

After we have discussed the history of this cryptocurrency, we will go into the depths of the various components involved in NEAR.

NEAR is a project started by Alexander Skidanov and Illia Polosukhin. Skidanov worked at Microsoft as a software developer and also at MemSQL. He won first prize at a programming competition in 2008, the renowned ACM ICPC. In combination with others, he has 4 database patents to his credit.

Polosukhin was a software engineer manager at Google for many years and had a hand in the translation services Google now uses. He did studies in deep learning and big data analysis. He also holds master's degrees in computer science and applied mathematics.

The beginning of NEAR

Genesis 2017: In the beginning what he AI. NEAR.ai. Illia Polosukhin and Alexander Skidanov started with NEAR.ai to explore "program synthesis." They cried, "The Singularity is NEAR!" (this is a book by Ray Kurzweil). As it often goes at the beginning of a story, however, they were a bit premature. They wanted to pay people who contributed in Ethereum, but found out that this did not work.

In this year they also wrote their white paper called "The NEAR White Paper - NEAR Protocol." By now this can no longer be found, but it stated that they wanted to build a place without a single point of failure, like Microsoft or Amazon. It had to be permissive, run by a community, with no authority to corner you with new terms. We can now call this their secret mission, since they took it offline.

NEAR Protocol gets its own blockchain

NEAR saw the light of day in 2018. They wanted to have their own and fast blockchain, so they created one. Their vision was to give developers a place to easily build decentralized applications that were easy to scale.

An investment round followed in 2019, in which they raised $12 million for its development. There was also another private sale, in which they raised $21 million. That year also saw the creation of the NEAR Foundation, charged with developing the protocol and growing the ecosystem.

Mainnet NEAR Protocol

In 2020 was their ICO, raking in $35 million. That year also saw the launch of NEAR Mainnet. In this year, NEAR Protocol became a full DAO, meaning the community votes on the future of the protocol.

Sharding (sharing tasks for speed) was introduced in 2021, with an emphasis on being able to scale up quickly.

By 2022, they had had enough of working with change. They held another private sale and raised a whopping $500 million, enough to get ahead with developing this powerful protocol for a while.