An analyst who advocates early entry into projects and the importance of choosing the right projects; He says that if you were an early investor in projects like Amazon, Google, Tesla, or even Bitcoin, you would likely become billionaires like Warren Buffett and Mark Cuban today.
Joe Parys, a well-known crypto entrepreneur, shares with us the next altcoin that will make investors millionaires in 2022. He shares some breaking news and developments about this altcoin that no one would want to miss.
Near Protocol (NEAR)
NEAR Protocol is an Ethereum competitor and a decentralized application (dApp) platform focused on developer and user friendliness. NEAR tokens are used to pay transaction fees and storage costs on the NEAR crypto platform.
NEAR Protocol is a community-run cloud computing platform, a layer-1 blockchain designed to solve some of the limitations that plague competing blockchains, such as slow transaction speeds, poor throughput, and poor interoperability. This 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 commonly used by Ethereum. NEAR also offers new scaling solutions and has its own consensus mechanism known as “Doomslug”.
The NEAR Protocol is created by the NEAR Collective community, which updates the initial code and releases updates for the ecosystem. The goal of the project is described by the team as creating a platform that is “secure enough to manage high-value assets like money or identity and perform enough to make them useful to ordinary people.”
In addition, the projects built on the Near Protocol include Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, Ref Finance (REF), an important platform in the DeFi ecosystem, and Mintbase, an NFT money printing platform. exists.
Who Are the Founders of the NEAR Protocol?
NEAR Protocol was founded by Erik Trautman, a veteran entrepreneur with Wall Street experience and founder of Viking Education. The co-founders of the project included Illia Polosukhin, who has more than a decade of industry experience, including three years at Google, and Alexander Skidanov, a computer engineer who worked at Microsoft before joining memSQL, where he was the engineering director. NEAR Protocol has a large team of experienced developers, including several International Collegiate Programming Contest (ICPC) gold medalists and winners.
Why Does This Crypto Have Great Potential?
Near Protocol, a high-performance blockchain, recently completed a $150 million funding round to accelerate the adoption of Web3 technologies.
The team of the project announced that the fund will be used to develop regional hubs and raise awareness for blockchain and decentralized technology.
According to the analyst, NEAR is removing barriers to Web 3 adoption and the altcoin looks poised for rapid growth thanks to the platform’s climate-neutral blockchain, high speeds, low fees, and progressive user interface.
The most important thing about the NEAR protocol, according to Parys, is that the platform has a multi-chain future. NEAR; Ethereum, Polkadot, Cosmos etc. It works in great harmony with blockchains and allows free flow of assets and communication between networks to make them all perform better.
We live in an instant world and no one likes to pay exorbitant fees or wait for their transaction to complete, and Near Protocol is a project designed to solve many of these problems. This is exactly why NEAR has the potential to make its investors rich in 2022, according to the analyst.
As a result of recent developments, NEAR reached its ATH recently, but it could potentially go much higher from here, according to the Analyst.
NEAR is trading at $19.17 and its market cap has increased by more than 3600 percent last year to nearly $12 billion. Although the altcoin has experienced significant gains so far, the platform’s team is constantly working to make the project fully “sharded” and secure. They are in a constant state of development and there is always good news in the headlines about the project. For these reasons, the analysis is also hopeful about NEAR and thinks that the Ethereum rival cryptocurrency will make its investors rich.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.