EmiSwap Receives NEAR Foundation Grant, Set To Disrupt DeFi
The EmiSwap DEX received a grant from the NEAR Foundation, making it one of the most exciting projects to start building on the NEAR Protocol. We’re enthralled to announce this to our community and congratulate everyone — we did this together! Join us this fall as we make groundbreaking steps that will push us and everyone that believed in us — onward and upward! 🚀
What is NEAR Protocol?
NEAR Protocol is a decentralized application platform based on blockchain technology that is ultra-scalable and developer-friendly. NEAR’s platform delivers decentralized storage and processing power that is secure enough to manage high-value assets such as money and identity. The NEAR high-performance network makes money and identification more accessible and valuable to the general public, putting the Open Web’s power in their hands.
The NEAR Protocol employs a technique known as “sharding,” which divides the network into numerous sections and performs computations in parallel. Parallelism boosts throughput dramatically and allows the network to scale as the number of nodes grows. There is no theoretical limit to the network’s capacity with NEAR.
NEAR’s core contributors have won many world championships in competitive programming and have worked for big tech firms like Google, Facebook, and Niantic. Visit https://near.org/ to learn more about the NEAR Protocol.
NEAR: What You Should Know
- It’s a layer 1 protocol that allows Open Web applications to be powered independently (not a side chain or supplemental system);
- It’s a base-layer system, which means that any Dapps and services built with it are built on top of the NEAR layer;
- It’s a sharded system with limitless scalability;
- It’s a highly adaptable and simple-to-use technology that allows developers to create apps rapidly while also exposing blockchain to the general public.
Advantages of NEAR Protocol
NEAR is a sensation thanks to its large family of supporters and cutting-edge technology. All of this, along with EmiSwap’s creativity, will set us apart from the competition, making our community happier and more motivated than ever!
EmiSwap’s integration with the NEAR protocol provides several benefits for the EmiCommunity. The platform’s sharded structure is NEAR’s biggest advantage. The issue with Bitcoin and Ethereum is their poor scalability and processing bottlenecks, which stem from the blockchain’s main concept.
Every node in these blockchains performs thousands (or perhaps millions) of redundant, similar processes, decreasing the number of transactions per second and severely limiting the blockchain’s usefulness.
While Bitcoin ushered in the blockchain era, it was never intended for anything other than programmable money. As a result, the creators’ attempts to utilize it as a general-purpose computing platform were awkward and generally unsuccessful, with sluggish and expensive transactions, restricted functionality, and other issues.
The release of Ethereum in 2014 helped to overcome the problem in part. Despite this, the platform’s growth has slowed due to significant academic study, substantial theorizing, and time-consuming redesign procedures involving a huge number of present users and the system’s complexity.
Now the future is NEAR!
The Promising Future of EmiSwap
EmiSwap will build the future of DEXs on NEAR — making use of the latest tech to deploy a powerful cross-chain AMM DEX, capable of lightning speed transactions, ultimate security, interoperability, insane farming/staking APR % — among so many other awesome features like — gamified and yield boosting NFT Magic Cards of ultra-high value and rarity! Look forward to Card Battles and Wars that will shake up the DeFi-verse!
Not to forget the rewarding $ESW governance token that grants all hodlers 0.05% of the daily trading commission and countless rewards, bounty campaigns, airdrops, and more! EmiSwap will also bring CEX features like Limit, Stop, and Stop-Limit orders — for the first time- to a decentralized exchange!
Tell us what you think, join the fastest growing DeFi fam👇: