leewayhertz.com-How to create and deploy smart contracts on the NEAR Protocol

1. How to create and deploy smart contracts on the NEAR Protocol? leewayhertz.com/create-smart-contracts-on-near-protocol NEAR Protocol is well-known for its ecosystem, which provides the most suitable environment for building decentralized applications. Using this protocol, developers can host serverless apps and smart contracts for connecting to open-finance networks and benefit from an ecosystem of reusable smart contracts. Developers and users prefer NEAR Protocol because of its convenient user interface, security and scalability. NEAR Protocol helps in the following ways: Application Buiding It helps in developing dApps by providing an easy development platform. Easy User Interface Users onboard smoothly on NEAR Protocol because of its convenient user interface for accessing cryptos, tokens, wallets, keys or any other blockchain artifact. Scalability It helps scale the applications seamlessly through the process of sharding. NEAR Protocol expands its capacity to scale the dApps via sharding with zero extra cost or effort from the users’ end. Unlike the centralized cloud infrastructure, NEAR has a decentralized cloud-based infrastructure used by the developers for building applications on top of it. This decentralized data centre of the NEAR Protocol constitutes people all over the globe who are operating the nodes on the network. Thus, NEAR Protocol has a community-operated cloud-based infrastructure. It is crucial for any blockchain platform to have low developer barriers, for its mainstream adoption. This being an important factor in blockchain platform selection, NEAR is one of the easiest and best platforms for easily developing dApps on it. For building a decentralized application on the blockchain, a smart contract is required to govern the development process. To suffice easy smart contract creation, NEAR Protocol thus supports AssemblyScript due to its similarity with the JavaScript and its ease of writing the smart contract. This article will help you unfold the step-by-step process of smart contract creation on the NEAR Protocol. Brief about NEAR Protocol NEAR Protocol is one of the best examples of third-generation blockchains. It focuses on solving scalability issues and incentivizes the network to develop and launch dApp in the decentralized finance ecosystem. NEAR Protocol yields profit by staking and sharding on 1/3

2. the network’s platform. It overcomes certain drawbacks such as low speed, low throughput and negligible cross-chain compatibility. The core concept of NEAR Protocol’s design is based on sharding. Sharding reduces the computational load by splitting the network’s infrastructure into different parts called nodes, to manage a fraction of the platform’s transactions. The splitting up of network nodes instead of every node running the network’s code helps in easy retrieval and scaling of data on the decentralized network. The NEAR blockchain network is permissionless and secure in nature. Its innovations consist of a different consensus mechanism known as the ‘Doomslug.’ NEAR’s architecture is also based on the Proof-of-Stake consensus mechanism. It is a community- run platform for cloud computing. NEAR functions in the same way as a centralized data storage platform. For instance, the Amazon Web Services (AWS)- functions in the form of a base layer on which the applications are developed. The only difference between AWS and NEAR is that a distributed network of computers and not any single authority manages NEAR. Like AWS, NEAR allows the building of architecture around a network, a chain of computers and the native token NEAR. This platform has several components required for building on it: Native token named NEAR Mintbase NFT minting platform Flux protocol for developers’ market creation based on commodities, assets, etc What are the two distinct parts of NEAR apps? NEAR web applications have two different parts in the form of a front-end and a back- end: Smart Contracts They manage the on-chain storage and modification of data. Smart contracts require exposing ways to help clients “view” and “change” their state. Interactions with Smart Contract-(s):- Similar to cloud API, we are entitled to interact with our contracts or the contracts that others deploy. We do this by using near-api-js Quickstart and Code Snippets available in the application. How to build a NEAR smart contract using Rust? This section will guide you in the process of creating, testing and running a smart contract on the NEAR Protocol. The example present in this section is of a simple smart contract that functions in the form of a Counter, incrementing, decrementing and returning the counter value. 2/3

3. Writing smart contracts on blockchain platforms is a huge paradigm shift. Currently, there are certain smart contract concepts on focus like state of the contract, transfer, account and balance information. The preferred language for writing a smart contract on NEAR is Rust. Endnote To achieve this goal NEAR Protocol provides features like human-readable account names and not cryptographic wallet addresses. It helps new dApp users to communicate with the dApps and smart contracts. If you wish to develop NEAR smart contracts, connect with our blockchain experts to collaborate for the development process and further guidance. 3/3