The Defiant - DeFi Podcast
What is NEAR Protocol? | A Comprehensive Overview & Future Prospects
Jan 2, 2024
Illia Polosukhin, Co-Founder of NEAR Protocol, discusses the shift from AI to crypto. They explore NEAR's core principles, technology, users, builders, and new features. Topics include consensus, delegation, liquid staking, bridging, attracting users/builders, crosschain mechanism, and future prospects.
01:04:57
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Quick takeaways
- NEAR Protocol started as an AI company before shifting focus to become a crypto project.
- NEAR utilizes a sharding approach, packaging individual accounts into physical computation units for scalability and efficiency.
Deep dives
Near's Journey and Inspiration
Ilya Pulusukin, co-founder of the Near Blog Chain, shares the background and inspiration behind Near. Originally an AI company, Near shifted its focus to blockchain when facing challenges with global payments. The goal was to design a system that could function as both a global payment network and a programmable environment. The company aimed to create an easy-to-use platform that could scale to massive demands and solve the challenge of monetary control for international payments.
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