Aina Olaoluwa

NEAR Protocol is a Proof-of-Stake (PoS) Layer 1 blockchain built using sharding technology to achieve scalability.

NEAR Protocol is a decentralized application platform that operates on the blockchain and enables the creation of new coins, applications, and industries without the need for centralized control. As a collective, foundation, and development platform, NEAR Protocol facilitates the execution of apps that share a secure pool of resources, with data and identities controlled entirely by users.

In contrast to conventional centralized cloud servers, which are typically run by large tech companies, NEAR Protocol offers a transparent process where users can keep high-value assets, such as money, identities, and digital assets, on the platform safely without intermediary interference. This is made possible through the core platform, which is a cloud of community-operated nodes where smart contracts can be deployed.

Smart contracts operate as protocols on the blockchain, similar to regular contracts but without the need for paper documents. This infrastructure allows users to use the applications they power without needing permission from a central agency. Applications can securely store their data, from games to digital currency, on the NEAR Protocol platform. By offering a decentralized alternative to centralized cloud servers, NEAR Protocol paves the way for a more open and secure future web."

Aina Olaoluwa

NEAR Protocol. Builder

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