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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NEAR Protocol

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Wrapped Near

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Unlike traditional setups, Nightshade keeps it simple with just one chain, solving cross-chain transaction challenges. 

Fraud proofs secure the system so that even if a shard goes rogue, fishermen submit fraud proofs for a swift recovery. 🎣

More to come in 2024 👀