The developers of NEAR Protocol, whose blockchain operates on the principles of a delegated PoS algorithm, offered validators the ability to set up reward payments in various types of tokens. Now the crypto industry is working on a standard PoS staking scheme that provides rewards only in native tokens.
The configuration of the NEAR Protocol has an important difference from other blockchains in the form of PoS delegation, brought to the level of smart contracts.
Validators can independently set up payouts without a global change in the network code. Thus, staking can be combined with farming to incentivize node owners to delegate NEAR coins. The idea can attract developers from other blockchain projects interested in promoting their own native tokens in other networks to create nodes.
The NEAR Protocol proposal essentially replaces PoS split staking with farming or allows a hybrid process to run. The innovation of the team was supported by investors, whose active purchases raised the NEAR altcoin to new historical highs.
The digital currency took 16th place in the ranking of the largest assets and will soon fall into the top 15 if the cryptocurrency market continues to fall after the New Year. Investors are looking to the developers of NEAR Protocol to continue working on protocol changes funded by Three Arrows Capital and other venture capitalists who invested $150 million on Thursday in another startup investment round.
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