Near is a Proof-of-Stake blockchain, a decentralized development platform designed to provide an ideal environment for Daps, overcoming some of the limitations of competing systems (for example, low bandwidth, low speed and poor cross-compatibility). In addition, according to the creators, the application on Near can be launched in 5 minutes.

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The Chain Abstraction Stack:
- scalable integrated blockchain that can grow to 1B+ daily active accounts 
- account aggregation on top of it that allows to transact on all chains using that account
- data layer that supports everything from monolithic, integrated, modular,…

The Chain Abstraction Stack:. - scalable integrated blockchain that can grow to 1B+ daily active accounts.