INTRODUCTION

The NEAR program is a layer 1 blockchain that uses Nightshade, a unique separation technique, to achieve scalability. It was introduced in 2020 as a decentralized cloud framework for hosting decentralized applications (DApps).

NEAR offers cross-chain interoperability through Rainbow Bridge and a Layer 2 solution called Aurora. Users can move ERC-20 tokens and assets from the Ethereum blockchain to the NEAR Protocol network, giving them access to increased processing capacity and lower transaction fees.

NEAR is the native NEAR Protocol token. It is used to pay transaction and data storage fees. NEAR token holders can also staking them in the NEAR wallet to receive rewards or use them to vote on governance proposals.

Nightshade could enable NEAR to handle millions of transactions per second without affecting its performance. Depending on network conditions, it will dynamically split and merge shards based on network traffic and resource utilization. When the network is at capacity limit, the number of nodes will be increased. Overall efficiency can be preserved and transaction fees can be kept low.

CONCLUSION

As the blockchain sector grows, platforms that can offer lower transaction costs and higher processing capacity will likely play a major role in widespread adoption. NEAR's scalability solutions may attract developers looking to create more efficient DeFi decentralized products and applications (DApps). NEAR's roadmap includes further developments of sharding and Layer 2 cross-chain solutions to further increase the scalability of its blockchain and ultimately benefit developers and end users.

In these two statistics, we can see the differences in smart contracts, between time of the same and the top 5, As seen in the first one, there is a big rise in the middle of May 2022, to go down again in early July and back to the same parameters as during the second week of October last year. This does not demonstrate the current market situation, which is one of great oscillation and constant variation. In the second, easy to read, it shows us the 5 best intelligent contracts known to date.