What is Near Protocol?
Near is a general-purpose Layer-1 blockchain with a unique dynamic sharding scaling roadmap known as Nightshade.
Background
Illia Polosukhin and Alexander Skidanov founded Near Protocol in 2017.
How Does It Work
Near chain can interoperate with Ethereum through its native light client bridge, Rainbow. While native Near is EVM incompatible, one can deploy and interact with EVM smart contracts on Aurora, a smart contract solution that offers an EVM-compatible execution environment on Near.
Key Takeaways
- Layer 1 smart contract blockchain.
- Has a unique scaling roadmap known as Nightshade.
- Interoperable with Ethereum through its light client bridge, Rainbow.