0:02 nier is a layer one blockchain that's
0:04 simple to use super secure and
0:06 infinitely scalable
0:08 it does this by using a breakthrough
0:10 piece of technology called nightshade
0:12 which allows the near blockchain to
0:14 record and verify transactions just like
0:17 other networks only faster cheaper and
0:19 more securely
0:21 near protocol is being built by the near
0:24 collective a worldwide community of
0:26 developers researchers and scientists
0:28 the founders iliya belusakin and
0:30 alexander skinidoff who worked at google
0:32 and memci bowl the distributed sharded
0:34 database that powers goldman sachs
0:36 samsung and uber wanted to create a
0:38 network that was easy to use for
0:40 developers and also for users
0:42 so they created near using proof of
0:45 stake proof of stake is a consensus
0:46 method that differs from the more
0:48 traditional proof of work method used on bitcoin
0:49 bitcoin
0:52 validators secure the network by locking
0:54 up near tokens in escrow and earning
0:56 rewards as a result
0:57 if the validator tries to cheat the
1:00 system they lose their stake or the
1:02 community can vote them out
1:03 for regular users they can delegate
1:05 their tokens to a validator to earn
1:07 rewards too
1:09 this means that unlike bitcoin giant
1:11 power hungry machines are not needed to
1:14 secure the network making near a more
1:17 eco-friendly platform than its rivals
1:19 to make near super fast it uses a
1:21 technology called sharding we'll get
1:23 into that in one of the following videos
1:25 with rainbow bridge and aurora
1:27 developers building on ethereum can take
1:28 advantage of near's speed and
1:30 scalability without having to leave the
1:33 network octopus network meanwhile allows
1:35 anyone to build their own version of an
1:36 application-specific blockchain and
1:39 connect it to near's mainnet for speed
1:42 scalability and security the near
1:44 platform is also great for users its
1:46 simple wallet allows anyone to get
1:49 started within seconds with minimal fuss
1:51 no pop-ups no switching networks no
1:54 crypto jargon just a wallet that is
1:55 effortless to use
1:57 underneath the slick and simple exterior
1:59 lies a ton of features that let
2:01 developers create a seamless user
2:02 experience whenever they interact with
2:05 the near ecosystem
2:07 register your near wallet with a
2:10 yourname.near shortcut head over to
2:12 wallet.near.org and start enjoying an
2:15 experience where accessibility and
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