What NEAR is quietly but steadily changing. When we think of @NEARProtocol, we might think of a dinosaur chain and somewhat of AI. It’s a wealthy chain in a place where price is a personality(?). However, over the past month of yapping about Near, I’ve realized that many things that other places are doing... they are already executing here. For example, the well-capitalized @anoma is issuing shrimp NFTs (I’m sulking because I didn’t get one... or maybe not... haha) and is properly creating hype, but what Anoma actually wants to do is intent. While providing various fun activities in Tenet, it has indeed been quite difficult for us to understand what an intent-based network is. Soon, when the mainnet comes out, it seems that transactions across various chains will be easy and based on intent. However, NEAR is already executing and moving this kind of intent network and creating transaction volumes in the trillions. There is really a lot of chain support, and most of the...
Chain Signatures are a very powerful innovation that make @NEARProtocol much more than a blockchain. They underpin systems like NEAR Intents and help turn NEAR into an abstraction layer for executing transactions across many different blockchains. Rather than managing multiple wallets or addresses, Chain Signatures enable users to interact with different chains from one NEAR account. It’s an integrated approach that combines the strengths of different ecosystems: users can leverage NEAR’s sharded and scalable infrastructure while maintaining control over external accounts and assets and accessing different sources of liquidity. Chain Signatures ultimately unlock true ownership of cross-chain data and assets through one protocol, NEAR. It’s a complex workflow under the hood—with Derivation Paths, a Multichain Smart Contract, and the Multi-Party Computation (MPC) service—but it’s completely on-chain and a user only needs to call a smart contract. MPC ensures secure transaction...
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