What is NEAR Protocol? | A Comprehensive Overview & Future Prospects

The Defiant

Jan 02, 2024•1 hr 5 min

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Episode description

Illia Polosukhin is the Co-Founder of NEAR Protocol, which is a sharded, proof-of-stake, Layer 1 blockchain. Originally conceived as an Artificial Intelligence endeavor, NEAR underwent a transformation, pivoting its focus to become a crypto project. We begin our conversation by exploring NEAR's shift into crypto, and later gain deeper insight into NEAR's core principles, underlying technology, the users, builders, as well as anticipated new features in the near future.

Chapters

1:04 Who is Illia Polosukhin?

4:04 NEAR’s design

7:52 Mini Blockchains

9:30 Consensus mechanism

10:29 NEAR token

12:30 Participating in NEAR Network

13:11 Physical shards

18:10 Delegation

19:32 Liquid staking on NEAR

20:50 Goal & Design

26:23 Ideal use cases for NEAR