Launched in 2020 as a decentralized cloud infrastructure to host decentralized applications (DApps), NEAR Protocol’s growth has been continuous ever since, evident from the huge success that it has accumulated over the past 2 years. This success can be largely attributed to NEAR’s use of a new blockchain technology known as Sharding, which helps increase the number of transactions per second in a blockchain while reducing the cost per transaction.
DeFi stands for Decentralized Finance. It is a financial system that allows for smooth transactions without the help of financial intermediaries like brokerages, exchanges, or banks. The Defi instead makes use of smart contracts on a blockchain.
Cryptocurrencies have seen lot of rise and popularity in the last few years and huge number of people is now investing into it to get more profits. Everyone wants to be rich and earn some extra money. And, investing in crypto currencies is easy way of getting extra chunk of money.
What is web 3.0? Simply put, it is the next iteration of the World Wide Web. It builds upon earlier versions of the internet, making it faster, more user-friendly, and more secure. In addition to these benefits, web 3.0 offers a platform for decentralization.
It is estimated that more than 1 in 10 Americans invested in cryptocurrency over the past year, according to a survey published by the University of Chicago. With the rise in fame of digital assets such as cryptocurrencies and NFTs, you must have heard of Blockchain technology.