NEAR Data Availability (NEAR DA): A High-Quality, Cost-Effective Solution for Ethereum Developers - COINTURK NEWS
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NEAR Data Availability (NEAR DA): A High-Quality, Cost-Effective Solution for Ethereum Developers

7:48 pm (21 days ago)
November 8, 2023

Near Foundation announced the availability of NEAR Data Availability (NEAR DA) network for users during NEARCON 2023 events. NEAR DA, which is part of the NEAR Open Web Stack, stands out as a secure and cost-effective usable space for Ethereum developers. NEAR DA will be launched through a series of partnerships including StarkNet, Caldera, Fluent, Vistara, Dymension RollApps, and Movement Labs.

What is NEAR DA?

The NEAR DA team claims that Ethereum developers can achieve cost-effective and reliable data availability. According to them, 100kB calldata in NEAR will be available for a cost of $0.0033 as of September 2023. In comparison, the same calldata in the Ethereum ecosystem is available for users at a cost of $26.22. In other words, NEAR DA is 8,000 times cheaper than Ethereum.

NEAR DA aims to help reduce developers’ costs and enhance the reliability of their applications while ensuring the security of Ethereum. Projects launching application protocols or Layer-2 solution networks can also receive support from NEAR DA. Illia Polosukhin, co-founder of NEAR Protocol and the new CEO of Near Foundation, commented on the matter:

“Providing a data availability layer to Ethereum rollups highlights the versatility of NEAR technology and helps founders in the Web3 space offer great products that bring us closer to mainstream adoption from all sides.”

Noteworthy Step by NEAR Protocol

NEAR Protocol aims to expand opportunities by making blockchain data availability public and offering a modular blockchain development framework. This way, Web3 developers and founders can continue to develop their products on Ethereum while benefiting from NEAR’s latest services for a portion of their data storage needs.

NEAR DA expands the capabilities of NEAR’s Open Web Stack, which serves as a common entry point for developers and users to easily create and discover Web3 products and platforms. This development includes the ability to create decentralized applications within seconds, with zero cost or seed phase, through FastAuth onboarding and a library consisting of thousands of components.

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