Chainstack announces support for NEAR

17 August 2022, Singapore - Today Chainstack, a leading blockchain managed services provider, is launching support for NEAR on its platform. Chainstack is offering enterprise grade, easy-to-use infrastructure, tools, and services that enables developers and project teams to focus on developing breakthrough blockchain solutions and apps by reducing friction and improving operational operations. Armed with Chainstack's exceptionally performant and affordable infrastructure solutions, NEAR protocol builders can focus on creating a more connected and efficient future.

This new offering enables developers to create applications on scalable infrastructure on all major public cloud providers (Amazon Web Services, Microsoft Azure, and Google Cloud Platform) and across geographies in the simplest way imaginable. Developers and builders in Web3 and DeFi (Decentralized Finance) looking to build high-performing projects on NEAR now have the option to overcome existing limitations and scale with the enterprise-grade infrastructure that can be relied on.

NEAR is a layer 1 protocol that combines a Proof-of-Stake consensus mechanism with a horizontal scaling approach through sharding. NEAR combines a Proof-of-Stake consensus mechanism (Doomslug) with a sharded infrastructure (Night Shade) to scale transaction throughput. With sharding, NEAR splits the network into parallel sub-networks, or shards, and dynamically distributes the computation, yet it maintains a single chain of data; this allows for an overall greater network's processing capacity.

Chainstack's managed blockchain infrastructure, tools, and services enable developers and project teams to focus on developing breakthrough blockchain solutions and apps by reducing friction and improving operational operations. The newest addition of Chainstack's enterprise-grade infrastructure to NEAR's ecosystem accelerates blockchain adoption, paving the way for a more connected and efficient future in which projects and end-users can benefit from decentralized applications' innovative power while also enjoying higher performance and lower fees.

"NEAR is purposefully built with a focus on scalability, performance, and interoperability- with both users and developers in mind. At Chainstack, we are thrilled to be able to support all developers wanting to build on NEAR, providing them with a way to launch and scale their applications much more effectively and ultimately- open the doors to Web3 for more people." says Eugene Aseev, Founder and CTO of Chainstack.

https://chainstack.com/build-better-with-near/

Chainstack Pte Ltd.
8 Temasek Boulevard
#30-01/02, Suntec Tower 3
038988

Media contact:

Janson Lee
Chainstack
janson.lee@chainstack.com

ABOUT CHAINSTACK

Chainstack makes it radically simple to launch and scale decentralized networks and applications for developers and enterprises through its managed blockchain services platform - complete with an intuitive user interface, seamless orchestration, and predictable pricing. We offer enterprise-grade tools and services that empower developers, solution providers, and consortia to safely experiment and run-in production. By building on Chainstack, the time, cost and risk involved with leveraging decentralized technologies can be reduced. With a secure API, membership management, and flexible deployment options, enterprises and developers can immediately accelerate and future-proof the development of their transformative solutions.

Learn more at www.chainstack.com

ABOUT NEAR

NEAR's mission is to enable community-driven innovation to benefit people around the world. NEAR's platform provides decentralized storage and compute that is secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people, putting the power of the Open Web in their hands. NEAR Protocol is a proof-of-stake blockchain which is built using a novel consensus mechanism called Doomslug. NEAR Protocol uses a technique called "sharding" which splits the network into multiple pieces so that the computation is done in parallel. Parallelism radically increases throughput and allows the network to scale up as the number of nodes on it increases. With NEAR, there isn't a theoretical limit on the network's capacity.

Learn more at www.near.org

This release was published on openPR.