Description
NEAR Blockchain is a sharded Layer 1 protocol implementing Nightshade consensus for parallel transaction processing across multiple validator-operated shards. The network utilizes Doomslug consensus mechanism providing practical finality after one communication round and full BFT finality after two rounds. Smart contracts execute via WebAssembly runtime supporting JavaScript and Rust languages, with 30% of transaction fees rebated to contract developers and 70% burned to reduce supply.