Introduction to the Crypto Currency and a close protocol

In a world that develops digital currencies quickly, cryptocurrencies are becoming more and more important for financial transactions. One of the notable examples is a close protocol, a top blockchain platform that offers a unique consensitive mechanism, allowing fast, safe and decentralized transactions. In this article, we will break into the world near the protocol (near) and its innovative consensus algorithm, exploring that it is different from traditional blockchain.

What is the Crypto Currency?

Crypto currencies are digital or virtual currencies used by cryptography for safety and decentralize, which means that they are not controlled by any government or financial institution. They operate on a network with peers, where transactions are recorded on a public book called Blockchain. The most famous currency curine is Bitcoin (BTC), launched in 2009.

Problem with traditional blockchain

Traditional blockchains have several limitations when it comes to scalability and transaction speed. They require significant computer resources, high energy consumption and long -term certificate due to the decentralized nature of the network. This interferes with their ability to process a large amount of transactions per second.

near the protocol: Decentralized blockchain with a unique consensus mechanism

A close protocol (close) is designed to resolve these limitations by the introduction of a new mechanism of consensus, called the evidence of roles (POS). This approach allows for faster transaction processing time and greater scalability compared to traditional blockchains like bitcoin.

How does the mechanism for the consensus of the protocol nearby?

A close protocol uses a combination of the mechanisms of evidence and evidence to calculate. Here’s a simplified examination:

• Investment : Users can invest their crypto currency (near token) in exchange for receiving NNS (near SmartD Smart Agreement). Stakers receive a reward based on a number nearby.

• SHARDING : To maintain decentralization and improvement scalability, near the protocol divides its blockchain into smaller “pieces”. Each Shard is assigned a particular task, such as confirmation of transactions or data storage.

• collisions : When two sides try to confirm the same transaction using their placed near the token, they compete in the mechanism of evidence to dig. The first to prove successfully that they are a true Validator of victory and are rewarded with additional to the token.

Unique features of a close protocol

Several features make almost a protocol by an attractive solution for decentralized applications:

* Fast transaction processing : With shaving mechanisms and evidence of roles, a close protocol can process up to 6,500 transactions per second, making it one of the fastest blockchain.

* Scalabiness

: Sharded Architecture allows significant improvement of scalability compared to traditional blockchains.

* High energy efficiency : A colleague’s proof is a more energy -efficient mechanism of consensus than the proof of work (POW), as it requires significantly less computer power.

Conclusion

A close protocol is an innovative approach to blockchain technology, dealing with the limitations of traditional blockchain. The unique mechanism of consensus used in almost the protocol allows for fast, safe and decentralized transactions, which makes it an attractive solution for a wide range of cases of use. As the blockchain landscape continues to develop, innovative features and scalability of the protocol almost protocol make it exciting perspectives for developers, investors and users.

Recommendations

If you are interested to find out more about the near protocol or explore its potential apps:

1.

UNDERSTANDING SECURITY CRYPTOCURRENCY TRANSACTIONS