{"id":"aS_zb5Je4NI","title":"What is NEAR Protocol?","description":"NEAR Protocol is a future-proof layer-1 blockchain that boasts infinite scalability, robust security, and incredibly low fees. Get to grips with what NEAR is, how it works, and discover why it’s so powerful for developers and users.  \n\nFollow the latest from NEAR Protocol on:\nWebsite: https://near.org/\nDiscord: https://near.chat/\nBlog: https://near.org/blog/\nTwitter:   / nearprotocol  \nGitHub: https://github.com/near  https://github.com/nearprotocol\n#Blockchain #FutureIsNEAR #NEAR #nearprotocol","channel_name":"NEAR Protocol","published_at":"2021-11-18T00:00:00.000Z","thumbnail_url":"https://img.youtube.com/vi/aS_zb5Je4NI/hqdefault.jpg","transcript_text":"near is a layer one blockchain that's simple to use super secure and infinitely scalable it does this by using a breakthrough piece of technology called Nightshade which allows the near blockchain to record and verify transactions just like other networks only faster cheaper and more securely near protocol is being built by the near Collective a worldwide community of developers researchers and scientists co-founders Ilia Bakin and Alexander skinid who worked at Google and Mall the distributed sharded database that powers Goldman Sachs Samsung and Uber wanted to create a network that was easy to use for developers and also for users so they created near using proof of stake proof of stake is a consensus method that differs from the more traditional proof of work method used on bitcoin validators secure the network by locking up near tokens in escrow and earning rewards as a result if the validator tries to cheat the system they lose their stake or the community can vote them out for regular users they can delegate their tokens to a validator to earn rewards too this means that unlike Bitcoin giant power hungry machines are not needed to secure the network making near a more eco-friendly platform than its Rivals to make near super fast it uses a technology called sharding we will get into that in one of the following videos with Rainbow Bridge and Aurora developers building on ethereum can take advantage of n's speed and scalability without without having to leave the network octopus Network meanwhile allows anyone to build their own version of an application specific blockchain and connect it to nears mainnet for Speed scalability and security the near platform is also great for users its simple wallet allows anyone to get started within seconds with minimal fuss no pop-ups no switching networks no crypto jargon just a wallet that is effortless to use underneath the slick and simple exterior lies a ton of features that let the developers create a seamless user experience whenever they interact with a near ecosystem register your near wallet with a your name. near shortcut head over to wallet. n.org and start enjoying an experience where accessibility and blockchain go hand in hand","transcript_synced_at":"2026-11-04T04:08:11.400Z","segments":[{"start_seconds":0,"text":"near is a layer one blockchain that's simple to use super secure and infinitely scalable it does this by","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=0s"},{"start_seconds":7,"text":"using a breakthrough piece of technology called Nightshade which allows the near blockchain to record and verify transactions just like other networks","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=7s"},{"start_seconds":15,"text":"only faster cheaper and more securely near protocol is being built by the near Collective a worldwide community of","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=15s"},{"start_seconds":24,"text":"developers researchers and scientists co-founders Ilia Bakin and Alexander skinid who worked at Google and Mall the","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=24s"},{"start_seconds":32,"text":"distributed sharded database that powers Goldman Sachs Samsung and Uber wanted to create a network that was easy to use for developers and also for users so","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=32s"},{"start_seconds":41,"text":"they created near using proof of stake proof of stake is a consensus method that differs from the more traditional proof of work method used on bitcoin","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=41s"},{"start_seconds":49,"text":"validators secure the network by locking up near tokens in escrow and earning rewards as a result if the validator tries to cheat the system they lose","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=49s"},{"start_seconds":58,"text":"their stake or the community can vote them out for regular users they can delegate their tokens to a validator to","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=58s"},{"start_seconds":65,"text":"earn rewards too this means that unlike Bitcoin giant power hungry machines are not needed to secure the network making","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=65s"},{"start_seconds":73,"text":"near a more eco-friendly platform than its Rivals to make near super fast it uses a technology called sharding we will get","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=73s"},{"start_seconds":81,"text":"into that in one of the following videos with Rainbow Bridge and Aurora developers building on ethereum can take advantage of n's speed and scalability","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=81s"},{"start_seconds":89,"text":"without without having to leave the network octopus Network meanwhile allows anyone to build their own version of an application specific blockchain and","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=89s"},{"start_seconds":97,"text":"connect it to nears mainnet for Speed scalability and security the near platform is also great for users its","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=97s"},{"start_seconds":104,"text":"simple wallet allows anyone to get started within seconds with minimal fuss no pop-ups no switching networks no","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=104s"},{"start_seconds":111,"text":"crypto jargon just a wallet that is effortless to use underneath the slick and simple exterior lies a ton of features that let the developers create","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=111s"},{"start_seconds":120,"text":"a seamless user experience whenever they interact with a near ecosystem register your near wallet with","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=120s"},{"start_seconds":127,"text":"a your name. near shortcut head over to wallet. n.org and start enjoying an experience where accessibility and","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=127s"},{"start_seconds":135,"text":"blockchain go hand in hand","url":"https://www.youtube.com/watch?v=aS_zb5Je4NI&t=135s"}],"youtube_url":"https://youtube.com/watch?v=aS_zb5Je4NI","url":"https://near-pedia.xyz/videos/aS_zb5Je4NI"}