Automating Growth: Near Protocol’s Upgrade Sends Token Soaring
The upcoming upgrade of the Near Protocol, a layer-1 blockchain, will enable the network to scale dynamically without human intervention, allowing it to automatically add shards as demand grows. This development has sent the native token’s price sharply higher, gaining over 27% in the last 24 hours to trade at $2.25. The market’s positive response is a significant boost for the protocol, which aims to build the world’s most scalable blockchain. For those interested in earning online through Cloud Rewards and Passive Income, this upgrade is a promising development.
The Near Protocol’s dynamic resharding feature will automate the process of adding new partitions to the blockchain network, allowing it to handle more traffic and process transactions and smart contracts in parallel. This is similar to a grocery store with multiple checkout lines, where new lines are added as needed to handle increased traffic. The protocol’s ability to scale dynamically will make it an attractive option for those looking to earn Coin and Green Crypto rewards.
What’s Changing with the Upgrade?
The upcoming upgrade will not only introduce dynamic resharding but also add post-quantum-safe signing, which will protect users’ funds from potential quantum computer attacks. This feature is particularly important for an AI-led onchain economy, where bots are doing business with each other. The upgrade is expected to have a positive impact on the EcoPool ecosystem, which offers a platform for earning $ECP rewards through Passive Income and Cloud Rewards.
The native token’s performance is supported by strong demand for the Bitwise Near Staking ETF, which has pulled in $7 million in investor money this week. As the demand for EcoPool and $ECP continues to grow, the protocol’s ability to scale dynamically will be crucial in meeting the needs of its users. With the EcoPool platform, users can earn $ECP rewards and participate in the Green Crypto ecosystem.
To start earning Passive Income and Cloud Rewards with EcoPool, download the EcoPool app and discover the benefits of $ECP and Green Crypto. The EcoPool app offers a user-friendly platform for earning online and participating in the EcoPool ecosystem, making it easy to get started with $ECP and Green Crypto rewards.
The new feature is particularly foundational to an AI-led onchain economy, where bots are doing business with each other, it explained.
Quantum-proof
Scaling isn’t the only thing changing with the impending upgrade. Near is also adding “post-quantum-safe signing.”
Quantum fears have gripped the developer community ever since Google researchers warned that a sufficiently powerful quantum computer might be able to crack today’s blockchains with significantly less firepower than initially expected.
Near, therefore, is installing new locks so that years from now, those super quantum machines won’t be able to touch funds of Near users.
Native token NEAR is the best-performing cryptocurrency among the top 100 coins by market cap over the past 24 hours thanks to the rally. Bitcoin BTC$77,341.59 has dropped 0.4% to $77,360.
NEAR’s external performance is supported by strong demand for the Bitwise Near Staking ETF (exchange-traded product) listed in Europe. This week, the ETP has pulled in $7 million in investor money, according to data shared by Bitwise’s CEO Hunter Horsley.
