The score reflects the overall worthiness of the blockchain's ecosystem, as determined by regular monitoring and collective reviewing of the ecosystem.
Miannet explorer and testnet explorer issue resolved, and currently working fine
Major incident - Miannet and testnet explorer was frequently down since Sep 20, 2022
Major incident - Miannet and testnet explorer was frequently down on Sep 20 and Sep 21, 2022.
Major incident - Mainnet Explorer was down on Sep13, 2022 and Sep14, 2022 for 21 minutes, currently working fine.
Service is back up, Mainnet and testnet explorer is currently working fine.
Major incident - Testnet Explorer was frequently down since 31 Aug, 2022, currently working fine.
Major incident - Mainnet Explorer was frequently down since 31 Aug, 2022, currently working fine.
Major incident - Mainnet Explorer was frequently down since morning.
Testnet Explorer - Service is back up and currently working fine
Major incident - Tesnet Explorer seems to be down
Major incident - Service Explorer frequently down since Aug 16, 2022
Service explorer and RPC are currently working fine.
Service explorer was down for 1hr on Aug 09, 2022
Service explorer is up and currently working fine
Major incident - Service Explorer frequently down since Aug 03,2022
Service Explorer seems to be down June 29, 2022
Ecosystem score decreases due to decrease in documentaton, foundational tools and add-ons score.
Ecosystem Score is decreased due to unavailability of Grant Program
Ecosystem score Increased due to availability of Protocol Support.
Performance score is decreased due to error in Uptime.
Ecosystem Score increased due to addition of Protocol Support data
Foundation tools score is increased as SDKs are added
The score depicts the network's performance rating based on metrics like avg TPS, nodes, gas fees, and uptime.
|PERFORMANCE MATRIX||VALUE||MONITORED AT|
|Gas Fee||470,538 gwei|
|Write Speed||1 ms|
|Node Count||778 nodes|
|Reddit Total Members Online||430 members|
|Reddit Total Members||12,300 members|
|Discord Total Subscribers Online||4,752 subscribers|
|Discord Total Subscribers||57,223 subscribers|
|Telegram Err||0 err|
|Telegram Ppm||0 ppm|
|Telegram Views Per Post||0 views|
|Telegram Total Subscribers Online||2,534 subscribers|
|Telegram Total Subscribers||60,193 subscribers|
The score represents the development support the protocol offers to developers in terms of tools and resources.
he score is derived by considering the documentation support offered by the protocol to help developers better understand the protocol's ecosystem.
The score reflects the protocol's progressiveness in allocating funds to support the developers who are building on top of the blockchain.
The score reflects how equipped is the protocol's ecosystem with add-on tools like code editors, IDEs and security
THIRD PARTY SERVICES
THIRD PARTY SERVICES
The score reflects the protocol's ability to provide third-party services such as Oracle integration, API management, and cloud services.
THIRD PARTY SERVICES
It reflects how well the protocol's support system works in terms of communication tools, DAO rating, development community size, and stack exchange, among other things.
It indicates how widely the protocol has been adopted in the industry, taking into account aspects such as the
number of developers that are using it and the number of transactional values.
The score depicts the protocol's overall responsiveness toward its members in online communities like Discord,
Telegram, Slack, Linkedin, etc.
One of the main features of Web 3.0 is to regulate decentralized finance (Defi). DeFi dApps need global distributed network to function, a network that focus on regulating multiple financial services like the cost, transaction speed and user compatibility. To help DeFi work on all these focus points, NEAR Protocol is another invention in the sphere of Web 3.0, designed to automate and solve the scalability issue in the blockchain industry.
With its distinctive sharding attribute, NEAR Protocol provides robust scaling solutions for all emerging startups and large-scale businesses. It has the power to process transactions at a lower cost and high speed. NEAR Protocol is one of the most user-friendly blockchains.
About NEAR Protocol
NEAR is a distributed and carbon-neutral protocol that is based on sharding and PoS consensus mechanisms. It is a 3rd generation blockchain platform that is very well capable of smart contracts and is crafted for the development of highly scalable dApps.
On average, the NEAR Protocol has the power to process 100,000 transactions per second. It is a protocol based on a community-operated cloud ecosystem for the deployment and functioning of decentralized applications on the network.
NEAR is a secure and permissionless protocol whose ecosystem is based on a new block generation scheme known as ‘Doomslug'. This protocol can also be used to cover the cost incurred while storing data and processing transactions. NEAR is used to run the validator nodes on the network in exchange for staking the cryptocurrencies.
Constitution of the NEAR Protocol
NEAR’s fundamental architecture is based on the Proof-of-Stake algorithm. It functions in a similar way to that of a centralized data storage base. For example, Amazon Web Services (AWS) works as the base layer on which all the apps are built. The most striking difference between AWS and NEAR is that NEAR works on the basis of a distributed network of computers eliminating the single point of control as AWS’s central authority.
It has the following fundamental components:
- NEAR token
- NFT minting platform
- Flux protocols for developers
- NEAR smart contract
NEAR’s Consensus Algorithm
NEAR’s ecosystem is based on the Thresholded Proof of Stake election consensus mechanism. The fundamental idea of NEAR is to function in a deterministic way to regulate a large number of participants who maintain the network, increasing its decentralization.
NEAR Protocol functions on basis of the PoS consensus mechanism and sharding technique Nightshade to scale the network data by splitting it and letting each node store small segments of data equally throughout the network.
Key features of the NEAR Protocol
- Sustainable network based on PoS consensus algorithm
- Cost-effective and imposes a minimum gas fee
- User-friendly protocol with a human-readable account address
- A highly secure ecosystem with a thriving network of active validators
- Interoperable with components like EVM and Rainbow bridge
- Pragmatic protocol with smart contracts written in community-supported languages like Rust and Assembly
NEAR’s popular use cases
- Ref Finance
- Flux Protocol
- Few & Far
- Sputnik DAO
- Alexander Skidanov
- Illia Polosukhin