CEO of NEAR Intents Explains Chain Sigs
Nothing is loaded from YouTube until you press play, and then without tracking cookies.
About this video
NEAR smart contracts can now hold private keys.
That means they can authenticate themselves, connect to APIs, and even control wallets on other blockchains.
Cross-chain treasuries just became native.
The future of interoperable crypto is here.
NEAR is the unified commerce layer for assets and agents.
Website: near.org NEAR AI: near.ai Intents: near.org/intents Chain Abstraction: proximity.dev Sharding: nearone.org
For the devs GitHub: github.com/near Dev Docs: docs.near.org Devhub: devhub.near.page @NEARDevHub
Connect with socials Twitter: / nearprotocol Blog: near.org/blog Medium: / nearprotocol #NEAR #nearprotocol #NEARAI
Transcript
86 wordsCaptions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.
- 0:00
One of the core innovations is this technology that is called chain signatures that is developed inside of near. What this technology allows is for near smart contracts to have private keys. The near smart contracts having these keys means that they are able to authenticate themselves. These can be like API keys or alternatively they are able to have wallets on different blockchains. And these wallets on different blockchains can become
- 0:23
treasury accounts for people who are willing to move funds inside of near and