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NEAR Protocol (NEAR) And Its Future In DeFi

Carpet of a close protocol: Possible game converter for decentral finance

In the cryptocurrency world, few projects have received as much attention and impulses in recent years as the closest protocol (close). As one of the largest and most promising projects in the decentralized financial (Defi) space, is ready to change the revolution, as we think about digital assets and operations. In this article, we will delve into the world of almost protocol, its unique properties and its growth potential to Defi.

What is almost a protocol?

Near the Protocol (close) 2017 Founded by a well -known businessman and investor Paulius Zypania. Originally called “chainlink”, the project developed over time to include a variety of technologies and solutions that would eventually form a loved one. The Chainlink mission was to develop a decentralized Oracle network to allow safe and efficient interaction between smart contracts and external data sources.

Defi ecosystem

Defi, briefly for decentralized finances, refers to a class of financial services and protocols operating on blockchain networks without intermediaries or traditional financial institutions. In recent years, Defi has been growing rapidly as various projects and platforms have emerged to meet consumer needs.

Near the protocol is at the forefront of this trend, offering a replaceable, safe and effective platform for decentralized programs (DAPPS) construction platform and interacting with external data sources using its native cryptocurrency, close. Almost an ecosystem is built on a polygon network, Layer-2 scaling, which enables faster and cheaper operations compared to traditional networks.

the main characteristics of the protocol

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  • Security : In addition, the Stock (POS) consensus algorithm is used, which is more effective in energy -saving than traditional work evidence (POW) algorithms used in many other blockchain projects.

  • Interaction : “Without the Protocol intellectual contract platform allows developers to develop decentralized programs that can interact with external data sources from several networks and protocols.

  • Decentralized Oracle Network : The Near Oracle network enables a safe and effective interaction between smart contracts and external data sources, reducing the risk of centralization and making a more transparent one.

Defi growth potential

Due to its exchanged, safe and effective architecture near the protocol, it is well arranged to increase the growth of Defi space. Some potential programs and cases of use that can almost be enabled:

  • Decentralized funding (Defi) : Carm scaling and security make it attractive to create decentralized financial protocols such as lending, borrowing and stable markets.

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Conclusion

NEAR Protocol (NEAR) and

Near the protocol (close) is a game -changing project for cryptocurrency and Defi world. Due to its exchanged, safe and effective architecture nearby, it can lead to the growth of the Defi space and become the main player of the industry. The Defi ecosystem continues to develop and mature, with an almost important role in the Native cryptocurrency and the intellectual contract platform.

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