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Expanding the blockchain ecosystem
The blockchain project “NEAR Protocol (NEAR)” announced on the 2nd that it will operate as a blockchain operating system (BOS: Blockchain Operating System) in the future.
NEAR was developed as an independent L1 blockchain, but it will function as a common foundation for each blockchain in the future. It is said to be compatible not only with Web3 but also with Web2 services.
Today, we announce the next evolution for #Web3.
Near is the Blockchain Operating System. #NEARistheBOS
A new category that enables visionaries, builders, and believers to deliver on the promise of the Open Web.
Introducing: https://t.co/FZoFr1lCbHhttps://t.co/4tEW875Ezy
— NEAR Protocol | Create Without Limits (@NEARProtocol) March 2, 2023
What is Web3
Also known as the “Next Generation Internet,” it refers to a decentralized network based on blockchain. Specifically, it includes NFTs (non-fungible tokens) and crypto assets (virtual currencies).
The early Internet, in which the flow of information was one-way, is called “Web1,” and the current centralized Internet is called “Web2.”
Cryptocurrency Glossary
connection: What is “NEAR Protocol (NEAR)” that even beginners can understand?
Since its inception, NEAR’s mission has been to “provide an open Internet for one billion users.” In this announcement, it explained that it has been focusing on the development of the L1 blockchain so far as the first step to carry out this mission. And in parallel with the development of the L1 blockchain, he said that he has also created tools for developers.
connection: NEAR Protocol partners with Google Cloud
What is BOS
NEAR as BOS acts like a gateway to Web2 and Web3 for users and developers. Below is an image of what is included in this announcement. It is shown that NEAR can be used as a starting point for Bitcoin (BTC) payments and access to DeFi (decentralized finance) on Ethereum (ETH).
Source: NEAR
connection: What is DeFi (decentralized finance) | A thorough explanation of the advantages and disadvantages that even beginners can understand
Through NEAR, for example, users can experience the seamless feeling of using the same platform even when using services that span multiple blockchains. It also eliminates the need to create an account for each service. NEAR is not a simple blockchain, but a common foundation for each blockchain, realizing the following.
- Simplifying the use of blockchain
- Using the search function
- On-chain interaction and chat
- Use of development tools
- Full app configurability
On the 2nd, NEAR released a discovery tool called “Alpha.near.org” as the first stage of BOS. It’s currently in alpha, but you can now see news, community posts, and configurable apps.
In addition, according to overseas media, it seems that this announcement was also made at the “ETHDenver” event. According to CoinDesk, which interviewed NEAR co-founder Illia Polosukhin, BOS currently supports NEAR and the Ethereum Virtual Machine (EVM).
connection: Co-Founder of NEAR Protocol, Exclusive Interview with CoinPost
The post NEAR to operate as a common platform for blockchain in the future appeared first on Our Bitcoin News.
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