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Almost Protocol increase: Potential game changer for decentralized finances
The cryptocurrency world has gained as much attention and impulse as close to the protocol (close) in recent years. As one of the largest and most promising projects in decentralized finance (Defi) in the room, close is ready to revolutionize the way we think of digital assets and transactions. In this article, we will go into the almost protocol world, its unique qualities and its defi.
What is close to the protocol?
Paul Zypania, a well -known entrepreneur and investor, founded near the protocol (nearby), in 2017. Originally called “Chainlink”, over time, the project evolved to include various technologies and solutions that would eventually create close foundations. The Chainlink mission was to create a decentralized Oracle network that would allow a secure and efficient interaction between smart contracts and external data sources.
Defi ecosystem
Defi, short decentralized finances, refers to a class of financial services and protocols operating on blockchain networks without the need for intermediaries or traditional financial institutions. In recent years, Defi has experienced rapid growth, and various projects and platforms appear to take care of users.
Not far from the protocol is the forefront of these trends, offering a customizable, secure and efficient platform decentralized application (DAPP) to create and interact with external data sources using its local cryptocurrency nearby. The nearby ecosystem is based on a polygonal network, a layer-2 scaling solution, which allows for transactions faster and cheaper compared to traditional networks.
The main features of proximity protocol
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Scalability : Near the polygon use faster transaction processing time and lower fees, making it an attractive option for Defi applications.
- Security : Almost uses stock evidence (POS) consensus algorithm, which is more energy efficient than traditional job proof (POW) algorithms used by many other blockchain projects.
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Cooperation : Near the Protocol smart contract platform allows developers to create decentralized applications that can interact with external data sources from multiple networks and protocols.
- Decentralized Oracle Network : A nearby Oracle network provides a secure and effective interaction between smart contracts and external data sources, reducing the risk of centralization and making the defi more transparent.
Defi growth potential
With its scalable, secure and effective architecture near the protocol is well placed to increase the growth of defi in the room. Some potential applications and cases of use that can be enabled include:
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Decentralized finances (Defi) : The scale and security of proximity makes it an attractive opportunity for decentralized financial protocols, such as credit, loan and stable markets.
- Non -border markers (NFT) Marketplaces : Not far from the protocol’s local cryptocurrency, located nearby, can be used to create NFT market sites that provide safe, transparent and effective transactions between buyers and sellers.
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Development of Smart Agreement
: A close smart contract platform allows developers to easily create decentralized applications, making it an attractive option for building DEFI applications.
Conclusion
Near the protocol (near) is the game variable project in the world of cryptocurrency and defi. With its scalable, secure and effective architecture, it can almost direct the growth of defi in the room and become a leading player in the industry. As the Defi ecosystem continues to develop and mature, the local cryptocurrency and smart contract platforms will play an increasingly important role near the protocol.
suggestions
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