Since the beginning of March, I have been attending a @shefiorg course sponsored by @sheisnear23 ; A DAO under Near Protocol. I learnt quite a lot and I want to share with you, a bit of what I have learnt so far about the Near Protocol. Walk with me. #Sheficohort10class UNDERSTANDING NEAR PROTOCOL. Near Protocol is a high-speed & low transaction fee layer-1 blockchain protocol designed for simplicity and scalability. It is a stand-alone blockchain just like Ethereum is. It is not connected to Ethereum as a Layer 2. Why Near when Ethereum already exist? The Ethereum Layer 1 Blockchain is faced with challenges such as: 🗡️Expensive Transaction fees ⏳Slow transaction time. Blockchains like Near emerged to combat these challenges. WHAT MAKES NEAR BLOCKCHAIN UNIQUE. 💎CHEAP TRANSACTION: Unlike the Ethereum Layer 1, transactions on the Near Blockchain is very cheap. Blockchain congestions that impacts the price of gas fees does not affect NEAR protocol. 💎FAST TRANSACTION Transactions on NEAR Blockchain is faster. Near Blockchain makes us of Proof-of-Stake + Sharding to facilitate transactions. Sharding means that the blockchain is broken into smaller chains enhancing scalability and reducing congestion. Each of these shards makes use of proof-of stake and can process up to 1,000 transaction per minute. 💎CHAIN ABSTRACTION: Near is designed to cater to every user regardless of your knowledge level. It simplifies the User experience by hiding away all of the technical stuff, so users do not interact with them anymore especially users without technical background thereby making blockchain interactions seamless. Users can have their wallet addresses in their name. For example, ravenmusk.near. Cool right? Other features of Near Protocol: 💎Near makes use of BOS to make Web3 accessible to users and developers 💎 It has a commitment towards Carbon Neutrality 💎Decentralized Governance: Community-driven decision-making process. That is why DAOs like @sheisnear23 exists. The Native token for Near Blockchain is $Near Utility: 1. Transaction fees 2. Governance 3. Network Security You can become a validator by staking your Near tokens for rewards. This class has been so educative. Before I joined @Sheisnear DAO, I didn’t understand much about cryptocurrency, blockchains and they work. But now, i easily understand them thanks to their relentless effort to onboard and educate women on these. Sheisnear DAO is a women focused platform with the aim of empowering women in the NEAR and Web3 communities to collaborate, develop professional networks and contribute to the overall development and growth of the Near Ecosystem and also reward these women for their contribution. Connect and join us today TG: https://t.me/+tlN37-LpB0Y3ZjAy Twitter: @sheisnear23 Linkedin: https://linkedin.com/in/shes-near-072651296/ http://Near.social: https://near.social/mob.near/widget/ProfilePage?accountId=sheisneardao.near