Skip to main content

Near Protocol Future Metrics

 

The future, like the Internet, can be configured in an unlimited number of ways. We don't know how it will appear, but we can identify some of the fundamental factors that will shape it and forecast some of the primary instruments that will help us get there.

Privacy:

On the blockchain, all activity and data is visible by default. The core of privacy, on the other hand, is the ability to choose whether their activities should be visible or hidden. While the default technical tooling does not give this level of privacy protection, a variety of solutions built on top of it do.

Data can be encrypted before being written to the chain in the weak form. This secures the data's integrity, but it still leaves transactions exposed to tracking, and excellent analysis can often piece together what happened. As a result, new technologies such as zero knowledge proofs offer an intriguing chance to make not only data but also the computations that modify it secret.

This technology isn't built into the NEAR platform from the start, but it is conceivable to implement if the community pushes for it.

Private Shards:

Not all blockchain use cases necessitate the public chain's full security and protection for each transaction. A group of users, or even a single organization, may elect to run their own chain, in which they manage all validation and periodically checkpoint back to the main chain for security, verification, and activity communication. In this situation, specific shards might be programmed to employ a specific set of specified validators, effectively making them "private."

Sharding is a horizontal scaling approach in which the network's overall processing power is proportionate to the number of CPUs connected to it. Simply put, the more devices that support the community cloud by participating in the validation process, the higher the network's transaction throughput will be.

Across the globe, there are billions of devices with functional CPUs. By utilizing even a portion of the more resilient of these devices, the network will be able to attain incredible scalability. However, if more capacity is needed, the constraints for running nodes can be changed so that even mobile devices can participate. While the engineering constraints are significant, this might enable access to another billion nodes in everyone's pockets, making it a promising field for future research.

Internet of Things (IoT):

IoT devices are even more specialized than mobile devices because they have the smallest processing power and the most CPUs accessible.

The Open Web's Composable Components:

It begins with a worldwide, free currency and progresses to unkillable applications, but the open web's ambition eventually becomes one in which all existing applications may be simply combined to generate new functionality. Consider the hardware analogy of what the current smartphone's GPS, camera, and internet connection have unleashed, then apply the fluidity of software to it. In a world where this is feasible, there's no telling how quickly innovation can happen. This future will become a reality because to NEAR's global state, which will be accessible to all apps.

Comments

Post a Comment

Popular posts from this blog

NEAR Protocol Financial Grant Greatly Broadens DePocket's Already Vast Integration Network

  DePocket Platform Acquires Major NEAR Protocol Financial Grant The DePocket platform announces the acquisition of a substantial NEAR protocol financial grant. This immediately offered the platform the capacity to construct and maintain NEAR ecosystems, allowing users to track their NEAR protocol portfolios within the DePocket dashboard, among other things. The DePocket development team was excited about the new connection and has already started working on making NEAR's functionality as easy as possible within the DePocket App. DePocket's objective, which is now in private sale, is to give customers with a highly complete crypto portfolio and NFT management and platform. DePocket aspires to be the market leader in terms of ease of use and user experience. Users may monitor, manage, invest, trade, and keep any cryptocurrency and/or NFT assets on a single user-friendly, clean, and succinct interface. With just 21 million tokens in circulation, the DEPO token will be the pla...
Post a Comment
Read more

NEAR vs. Ethereum 2.0: What is the Future?

  NEAR is a next-generation proof-of-stake blockchain technology that is focused on practicality, scalability, and minimal operational expenses. The NEAR founders developed the "Nightshade" sharding method for the segmentation of transaction computation burden and the preservation of decentralisation. NEAR aspires to revolutionise the current Internet by giving end-users control over their data and resources. The founders of NEAR are committed to the overarching idea of blockchain, namely, user control and privacy, so that no huge organisation may manipulate user data and people can not lose their enterprises or private data due to governmental blockades. What you should know about NEAR is that it is a group of people that work together to solve problems. ·          It's a layer 1 protocol that allows the Open Web to be powered independently (not a side chain or supplemental system) ·          I...
Post a Comment
Read more

What Technology does NEAR Protocol use?

  The crypto community has faced a significant scalability difficulty as dApps have risen in popularity. The ability of a blockchain to handle a high number of transactions at an acceptable speed and cost is referred to as scalability in this context. Due to the huge demand for Ethereum, scalability issues have arisen. While some argue for scaling solutions to be implemented on top of Ethereum (Layer-2 solutions), other projects, such as NEAR, have chosen to develop totally new blockchains with distinct design. The deployment of sharding is the NEAR Protocol's proposed answer to this scaling challenge. Before going into detail about what this entails, it's important to understand the three primary tasks of blockchain nodes: they process transactions, relay validated transactions and finished blocks to other nodes, and store the network's state and history. As network congestion grows, these jobs become increasingly difficult for nodes to do. By breaking or partitioning ...
Post a Comment
Read more