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NEAR near|c|near is a cryptocurrency blockchain with smart contract functionality, similar to Ethereum. It is designed to be developer-friendly and enable the creation of decentralized applications. NEAR is also adaptable with Ethereum. It prioritizes speed and reduces costs for developers and end-users. It can process over 100,000 transactions per second, while Ethereum only does a mere 30. However, Ethereum 2.0 promises up to 100,000 transactions per second

Alexander Skidanov and Illia Polosukhin founded NEAR. They met at the famous Y Combinator accelerator program. Y Combinator is responsible for kickstarting Coinbase, Filecoin, and even Reddit. Alexander is a former software engineer at Microsoft and was the director of engineering at MemSQL. Polosukhin worked as an engineering manager in Google’s research department

1. NEAR stands out as a potential Ethereum Killer with faster transactions and lower fees. 2. NEAR can process somewhere in the order of 100,000 transactions per second (tps) 3. It is compatible with Ethereum 4. NEAR has raised $180 million from prominent venture firms