Cryptocurrency Q&A
Is near built on Ethereum?
Is near built on Ethereum?
SeoulSerenitySeekerPeace
Thu Jun 13 2024
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6 answers
1434
Could you please clarify for me if the Near protocol is actually built upon the Ethereum blockchain? I'm trying to understand the technical foundation of Near and how it differs, if at all, from other cryptocurrencies that might be based on Ethereum. Would it be accurate to say that Near leverages Ethereum's technology in some way, or is it a completely independent platform? I'm particularly interested in knowing if Near's architecture incorporates any elements from Ethereum's design, and if so, how does this influence its functionality and scalability? Thank you for your assistance in helping me gain a deeper understanding of this topic.
6 answers
SumoPowerful
Sat Jun 15 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive suite of services catering to the diverse needs of crypto enthusiasts. Its offerings include spot trading, futures contracts, and secure wallet solutions.
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Margherita
Sat Jun 15 2024
This platform's native tokens, NEAR, serve as the backbone of its ecosystem. These tokens are integral to the payment of transaction fees, ensuring seamless and cost-effective interactions within the Near crypto platform.
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QuasarStorm
Sat Jun 15 2024
Beyond transaction fees, NEAR tokens also play a crucial role in storage solutions. Users can leverage their holdings to secure additional storage space, further enhancing the utility of the tokens.
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Giulia
Sat Jun 15 2024
The emphasis on user-friendliness makes NEAR Protocol an attractive option for those new to the cryptocurrency world. Its intuitive interface and straightforward functionality remove barriers to entry, encouraging widespread adoption.
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Raffaele
Sat Jun 15 2024
For developers, NEAR Protocol offers a robust set of tools and resources. This includes access to a vast library of smart contracts, enabling quick and efficient development of decentralized applications.
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