15/08/2022
Why MetaMeal is based on NEAR protocol?
Intro
We strongly believe that great projects should be wildly accessible and highly secure. NEAR provides both things.
What is NEAR?
NEAR is a layer-one, proof-of-stake blockchain platform enabling to develop decentralised apps.
It is fast and advanced…
This network can handle up to 100,000 transactions per second besides offering instant block creation in 1 second.
Cost-effective
NEAR Protocol and its tools allow to create NFTs as well as mint them with low fees.
Way lower comparing to Ethereum or Solana. The network imposes 1000x lower transactions on the users, significantly less than average third-generation blockchains. Furthermore, NEAR provides 30% of the transaction fees for contributing to the ecosystem’s growth.
Security
The NEAR Protocol uses a Proof of stake election mechanism called Threshold Proof-of-Stake(TPoS). So in, this system creates a predetermined way to create a large number of participants to maintain the blockchain network. It helps in increasing the decentralization & security of the blockchain.
Sustainability
NEAR protocol offers an efficient PoS network designed to ensure the network’s sustainability and make it highly efficient to run various decentralised apps and blockchain solutions.