Cryptocurrency Q&A
Is near based on Ethereum?
Is near based on Ethereum?
Chiara
Wed May 15 2024
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7 answers
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I'm curious to know, is the Near protocol based on Ethereum? I've been hearing a lot about Near recently and it seems to be gaining quite a bit of popularity in the crypto sphere. However, I'm still trying to wrap my head around its underlying technology. Ethereum, on the other hand, is a well-established platform with a vast ecosystem of decentralized applications. So, is there a direct connection between Near and Ethereum? Or are they two completely separate entities? I'm hoping to gain a clearer understanding of the relationship between these two projects.
7 answers
Davide
Fri May 17 2024
Games based on Ethereum have also gained popularity, offering players a unique gaming experience that combines blockchain technology with traditional gaming elements.
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Chloe_emma_researcher
Fri May 17 2024
The Near ecosystem stands out in the crypto world with its innovative technology. This technology not only positions Near Protocol as a formidable competitor to Ethereum, but also enables it to be compatible with the leading blockchain platform.
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Giuseppe
Fri May 17 2024
Ethereum has established itself as the preferred platform for developers due to its ability to execute smart contracts. These contracts allow for the automation of various tasks and the creation of decentralized applications.
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benjamin_rose_author
Fri May 17 2024
Decentralized Finance (DeFi) applications, which are financial services built on blockchain technology, have flourished on Ethereum. These apps provide users with innovative ways to manage their assets and engage in financial transactions.
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KDramaLegendaryStarlightFestival
Thu May 16 2024
Non-Fungible Tokens (NFTs), which represent unique digital assets, have also found a home on Ethereum. These tokens have revolutionized the digital art and collectibles industry, enabling creators to tokenize their works and sell them directly to collectors.
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