NEAR , The begginer’s Guide - Part 0

What's NEAR Blockchain

NEAR(https://near.org/) is a developer-friendly blockchain that is highly secure and infinitely scalable. Performance-wise it is one of the best chains to build upon.

NEAR is a layer-1 blockchain that works on the Proof of Stake(POS) consensus mechanism. Whoseoever holds higher stake of NEAR have the power to validate transactions on the network.

It uses sharding which splits the work(transaction) across many participating nodes increasing the throughput of the network. More about Sharding can be read here  - Night Shade

Why build on NEAR?

1. Sustainability: It works on the Proof of Stake mechanism which helps it in selecting validators based on the holdings that they own.
2. Scalable: Infinitely scalable due to sharding.
3. Human-readable account names** like “name.near” instead of a long string of characters.
4. Sub-accounts: Any account on NEAR can have its subaccount. For example “blocktrain.near” can have “grants.blocktrain.near”.
5. Fast: About ~1.2 seconds of block time.
6. Low Fees
7. Developer q — 30% of the gas fees are transferred to the contract owner/developer.
8. Token Bridge — Exchange information/token between NEAR — ETH with Rainbow bridge(https://rainbowbridge.app/)
9. EVM Compatible — You can easily deploy solidity code on NEAR with Aurora(https://aurora.dev/)

Near Ecosystem

Near blockchain have a growing ecosystem spread accross DeFi, NFT’s, DAO’s, Gaming and Utilities.

• DAO’s on NEAR  :
  https://near.org/use-cases/dao/
• DeFi on NEAR  :
  https://near.org/use-cases/defi/
• NFT on NEAR  :
  https://near.org/use-cases/nft/

Getting Started with NEAR

• Official Near Docs : https://docs.near.org/
• Near Dapps : https://examples.near.org/
• Near University : https://www.near.university/

Follow BlockTrain for more:

• Roadmaps : blocktrain.info/roadmaps
• Dev related : blocktrain.info/developer
• Non dev related : blocktrain.info/non-developer
• Hindi stuff : blocktrain.info/hindi
• Chains : blocktrain.info/chains
• Concepts : blocktrain.info/concepts
• Defi : blocktrain.info/defi