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$NEAR Marks Development Milestone
Layer-1 blockchain $NEAR Protocol is celebrating a milestone event, as more than 1,000 projects are now building in the chain’s ecosystem.
One thousand projects and counting are building on #$NEAR Protocol 📈
— $NEAR Protocol | Create Without Limits (@NEARProtocol) January 25, 2023
The team at @awesome_near has been tracking the tremendous growth from nearly the start.
Thank you.
To the #$NEAR Community 🍻
The road to 10,000 (and beyond) begins today.https://t.co/qetw5tW37a pic.twitter.com/kYCXYSyMzh
According to the AwesomeNEAR website, there are 1,014 projects building on $NEAR, Aurora, and Octopus.
$NEAR is well-known for its implementation of “Nightshade sharding” to address scalability issues faced by layer-1 protocols.
What is $NEAR Protocol:
$NEAR Protocol is a decentralized blockchain development platform designed to overcome the limitations of other networks such as low throughput, low speeds, and poor cross-compatibility. $NEAR is a public Proof-of-Stake (PoS) blockchain that aims to bring DeFi to the masses with low transfer fees and fast transactions. $NEAR launched its mainnet in 2020 powered by a unique scaling solution known as Nightshade plus a consensus engine called Doomslug.