Integration of NEAR Protocol on 3six9
Good news, good news. NOW the users can use $NEAR to trade on 3six9 NFT Marketplace. The NEAR Protocol has been fully integrated on the 3six9 NFT Marketplace platform since 18 March 2023. Thus, the $NEAR, which is the native token of the NEAR Protocol, is available to be used as an option to make transactions on the platform: http://near.3six9.space.
What is NEAR Protocol
Image Source: https://near.org/
NEAR Protocol is a Layer 1 Blockchain developed as a “Community-run” cloud computing platform that tackles some of the limitations that other blockchains have faced. The limitations include slow transaction speed, low throughput, and poor interoperability. This offers the appropriate environment for DApps and creates a developer and user-friendly platform.
The fast transaction speed, the lower gas fee, and the environmental friendliness, are the main reasons for making 3six9 build the platform on top of NEAR Protocol and fully integrating it with the platform. In terms of fast transaction speed, it is able to process up to around 100,000 transactions per second (TPS). The average transaction fee on NEAR is around $0.01, which is significantly lower than that of other blockchain networks such as Ethereum. In terms of environmental friendliness, since NEAR Protocol is a Thresholded Protocol Proof of Stake (TPoS) blockchain, it is less computationally intensive than proof of work, reducing the network’s carbon footprint. It is because proof of stake does not require the same level of computational power as proof of work, which reduces the amount of energy required to maintain the network. By supporting tree-planting projects and taking several actions related to carbon offset, NEAR Protocol has been certified carbon neutral by the South Pole foundation, the leading low-carbon project developer and climate solutions provider, in 2021, so it is more environmentally friendly compared to some others.