NEAR Protocol (Binance Smart Chain) (NEAR) Wallet

NEAR on Binance Smart Chain (BSC)

NEAR on Binance Smart Chain (BSC) is a token deployed on the Binance blockchain. Apart from having its own blockchain, NEAR exists as a token of a BEP-20 standard.

NEAR Protocol (NEAR)

NEAR protocol is a platform for the creation and launch of dApps. The network was launched in April 2020 and was initially created by Alex Skidanov and Illia Polosukhin, former employees of MemSQL and Google. The protocol aims to provide crypto enthusiasts with a developer and user-friendly platform. The NEAR network relies on sharding to process a high number of transactions. It utilizes a sharding solution titled “Nightshade” which was developed by the network. Nightshade keeps the network's data in one chain whilst dividing the computing necessary for the said data which is then handled by nodes. The NEAR network also utilizes a Rainbow Bridge, an application allowing users to move tokens from Ethereum to NEAR Protocol. NEAR is a native currency of the NEAR blockchain. It’s primarily used to pay transaction fees and data storing across the blockchain.

Aurora and NEAR Protcol

Aurora is an Ethereum Virtual Machine built on the NEAR Protocol by the NEAR team that is also a part of the Rainbow Bridge mentioned above. It is a Layer-2 scaling solution that allows developers to launch Ethereum-based dApps on the NEAR network. Aurora allows users to access the advantages of both Ethereum and NEAR networks simultaneously, including high throughput and low transaction fees. Some of the projects benefitting from the said advantages include Bastion Protocol, a stable swap and lending protocol, and Trisolaris, a decentralized exchange.