Joe Parys, a famous entrepreneur in the cryptocurrency space, shared about the next altcoin that will make investors millionaires in 2022. However, it is worth noting that this is only the analyst’s opinion and the forecasts may not always hold. cryptocoin.com We are giving the details as…
The analyst draws attention to this altcoin project: It can get rich
The altcoin that Joe Parys pointed to was NEAR Protocol (NEAR). Designed as a community-run cloud computing platform, Near; It is a layer-1 Blockchain that deals with some of the limitations that clog rival Blockchains, such as low transaction speeds, low throughput, and poor interoperability. The network provides the ideal environment for DApps and creates a developer and user friendly platform.
For example, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common on Ethereum. NEAR also offers solutions to scaling problems and has its own consensus mechanism called “Doomslug”. The NEAR Protocol is created by the NEAR Collective community, which updates the initial code and releases updates for the ecosystem.
Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT mintage platform, are examples of projects built on the NEAR Protocol. Near Protocol has raised $150 million in seed investment to accelerate the adoption of Web3 technologies. In addition, the network works in harmony with chains such as Ethereum, Polkadot, Cosmos. Parys thinks that no one likes to pay ridiculous fees and wait for the transaction to happen, Near can solve these problems. Therefore, he claims that NEAR has the potential to break the record in terms of price in 2022 and make its owner rich.
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