Near (NEAR) is a decentralized platform that enables developers to build and deploy scalable dapps (decentralized applications). Founded in 2018 by Alexander Skidanov, Illia Polosukhin, and Evgeny Kuzyakov, Near aims to provide a user-friendly developer experience while offering high throughput, low latency, and low costs. NEAR stands for "NEAR-Ethereum Arbitrary Relay," reflecting its interoperability with Ethereum. Its native token, NEAR, is used for staking, governance, and transactions on the network.
Near is a blockchain platform that aims to provide scalable, developer-friendly infrastructure for decentralized applications (dApps). It operates on its own blockchain, known as the NEAR Protocol. NEAR utilizes a unique combination of technologies to achieve its objectives.
At its core, NEAR uses a sharding technique called Nightshade to scale the network horizontally. Sharding involves splitting the blockchain into multiple smaller chains known as shards, with each shard processing a different set of transactions. This allows NEAR to handle a high volume of transactions and improves scalability.
NEAR also employs a consensus mechanism called Proof of Stake (PoS), specifically the Doomslug algorithm. PoS ensures efficient block validation and reduces the energy consumption associated with traditional Proof of Work (PoW) systems. Validators are chosen through a lottery system based on the number of tokens they hold and their reputation in the network.
NEAR incorporates a unique feature called "Fungible Token Standard" (FTS), which enables the creation and management of fungible tokens on the platform. Fungible tokens are interchangeable and can be easily exchanged for one another. This feature provides developers with the flexibility to build various financial and gaming applications within the NEAR ecosystem.
In terms of functionality, NEAR allows developers to create and deploy smart contracts using familiar programming languages such as Rust, AssemblyScript, and TypeScript. NEAR's development tools and libraries provide a user-friendly environment for developers to build and launch their dApps.
Overall, NEAR's underlying technology, sharding, PoS consensus, and FTS standard, work together to deliver a scalable and developer-friendly blockchain platform for the creation of decentralized applications.
Near is a blockchain platform that offers several benefits compared to its direct competitors. One of Near's key advantages is its scalability. Near uses a unique mechanism called sharding, which allows it to process thousands of transactions per second. This makes it highly efficient and capable of supporting large-scale decentralized applications (dApps) with ease.
Another benefit of Near is its low transaction fees. Near's consensus algorithm, known as Proof-of-Stake, reduces the cost of transactions, making it more affordable for users. This is particularly beneficial for developers who want to build decentralized applications on the platform and need to consider the transaction costs for their users.
Interoperability is another advantage of Near. Near has built-in support for cross-chain communication, allowing it to interact with other blockchains and their ecosystems. This interoperability opens up opportunities for developers and users to leverage assets and services from different blockchain networks.
When compared to its direct competitors, Near demonstrates an impressive level of developer-friendliness. Near provides a comprehensive suite of developer tools, documentation, and resources, making it easier for developers to get started and build on the platform. This fosters innovation and encourages the growth of the Near ecosystem.
In summary, Near stands out among its direct competitors due to its scalability, low transaction fees, interoperability, and developer-friendly approach. These benefits make Near an attractive choice for individuals and businesses looking to leverage the power of blockchain technology.
Near is a blockchain platform that aims to provide a scalable and user-friendly environment for decentralized applications (dApps). It offers several features and functionalities that can be leveraged by developers and users within the ecosystem.
One common use case for Near is the development of decentralized finance (DeFi) applications. Near enables the creation of smart contracts and the ability to perform various financial operations, such as lending, borrowing, and trading, directly on the blockchain. This opens up a wide range of opportunities for users to participate in DeFi protocols in a secure and transparent manner.
Another common use case for Near is the development of NFT (Non-Fungible Token) applications. Near's infrastructure supports the creation, ownership, and exchange of unique digital assets, such as digital artwork, collectibles, and virtual real estate. This allows artists, content creators, and collectors to engage in the digital marketplace, facilitating the monetization and trade of their unique creations.
One specific case where Near excels is in gaming. Near provides the necessary infrastructure for the development of blockchain-based games, allowing players to truly own their in-game assets and enabling decentralized game economies. Near's scalability and low transaction fees make it suitable for high-throughput gaming applications, providing a seamless and immersive gaming experience for users.
In summary, Near is a versatile blockchain platform that is commonly used for decentralized finance and NFT applications. Its scalability and user-friendly interface make it ideal for various use cases within the blockchain space, with gaming being a specific case where Near has great potential.
DIA's Near API is an essential tool for accessing real-time price feeds of various crypto assets. These price feeds are generated by aggregating and processing raw data from over 85 on-chain and off-chain exchanges, ensuring accurate and reliable information. DIA sets itself apart by offering customizable API endpoints and feeds, allowing users to tailor their data sources, methodologies, and update mechanisms.
While DIA does provide free API endpoints for developers to test, the real value lies in the custom feeds. These dedicated API price feeds are designed to meet specific user requirements and offer enhanced flexibility. Custom feeds can be utilized in a wide range of applications within the blockchain ecosystem, including derivatives, options, lending and borrowing markets, stablecoin collateralization, synthetic asset issuance, money markets, NFT lending and borrowing, on-chain NFT derivatives, NFT renting, and NFT fractionalization.
DIA ensures that its API endpoints are standardized and publicly accessible for informational purposes. Developers can easily access the free price feed API endpoint for any asset on the DIA App's asset detail page. To request a custom feed, users can reach out to DIA via Discord or Telegram.
In summary, DIA's Near API provides technology-savvy users with a comprehensive solution for accessing reliable and customizable price feeds. The ability to tailor feeds to specific needs enhances the usability and applicability of DIA's data within the blockchain ecosystem.
DIA's Near price oracle is a smart contract that offers real-time price feeds for various cryptocurrencies. What sets DIA apart is its integration with over 35 layer 1 and layer 2 networks. This allows DIA to deploy price oracles in multiple blockchains. With access to raw data from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges, DIA constructs comprehensive price feeds that surpass what other web3 data providers can offer.
While DIA provides free demo oracles in a standardized format for developers to test, these cannot be used in production applications. However, DIA also offers custom price feed oracles that can be tailored to specific needs. These custom configurations can include different sources, methodologies, and update mechanisms. To request a custom feed, users can reach out to DIA via Discord or Telegram.
DIA's price oracles have various use cases within the blockchain ecosystem. They can be utilized in derivatives, options and futures markets, lending and borrowing platforms, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, DIA's oracles can find applications in the NFTfi space, supporting peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other innovative use cases.
In the context of blockchain technology, an oracle refers to an external information provider that supplies verified data from outside the blockchain to smart contracts. This ensures that smart contracts have access to real-world data and can make informed decisions based on trusted information.
DIA's NEAR API and NEAR Price Oracle offer a variety of benefits for users in the blockchain ecosystem. One of the key advantages is the high level of customization available. With DIA's technology, users can tailor each oracle and API endpoint to meet the specific needs of their decentralized applications. This includes configuring data sources, applying data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency of the feed. The result is a robust and resilient data and oracle solution that remains accurate and reliable, even in unique market conditions.
Another significant benefit of using DIA's API and Oracle feeds is the transparency they provide. DIA ensures full and granular transparency throughout the entire data journey. Users can closely track and monitor the oracle and API feeds, enhancing trust and reliability.
By leveraging DIA's NEAR API and Price Oracle, users gain access to accurate and reliable price data for cryptocurrencies and NFTs. The customizable nature of DIA's technology ensures a tailored solution for each user, while the transparency guarantees the integrity of the data. Overall, the use of DIA's NEAR API and NEAR Price Oracle offers users a powerful tool to enhance their blockchain applications and make informed decisions based on trustworthy data.