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What is NEAR?

Login with NEARNEAR is a user-friendly and carbon-neutral blockchain, built to be fast, secure, and able to grow without limits. NEAR is the blockchain for everyone. What do these Technical Terms mean? In technical terms, NEAR is a [layer-one](https://coinmarketcap.com/academy/glossary/layer-1-blockchain), [sharded](https://near.org/blog/near-launches-nightshade-sharding-paving-the-way-for-mass-adoption), [proof-of-stake](https://en.wikipedia.org/wiki/Proof_of_stake) blockchain built with usability in mind. [Layer-1](https://coinmarketcap.com/academy/glossary/layer-1-blockchain) means NEAR is the foundation that supports …

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Epoch

Login with NEARAn epoch is a unit of time when validators of the network remain constant. It is measured in blocks: Both testnet and mainnet have an epoch duration of 43,200 blocks. Ideally epochs last about 12 hours, since blocks are created every second (in reality, they take slightly longer to be created). You can …

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NEAR Networks

Login with NEARNEAR Protocol operates on several networks each operating with their own independent validators and unique state. These networks are as follows: mainnet testnet localnet Mainnet mainnet is for production ready smart contracts and live token transfers. Contracts ready for mainnet should have gone through rigorous testing and independent security reviews if necessary. mainnet …

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Relayers

Login with NEARA relayer is a simple web service that receives signed transactions from NEAR users, and relays them to the network while attaching tokens to sponsor their GAS expenses. This can be useful to create applications in which the users are not required to purchase NEAR in order to be able to transact. In …

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Meta Transactions

Login with NEARNEP-366 introduced the concept of meta transactions to Near Protocol. This feature allows users to execute transactions on NEAR without owning any gas or tokens. In order to enable this, users construct and sign transactions off-chain. A third party (the relayer) is used to cover the fees of submitting and executing the transaction. …

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What are Chain Signatures?

Login with NEARChain signatures enable NEAR accounts, including smart contracts, to sign and execute transactions across many blockchain protocols. This unlocks the next level of blockchain interoperability by giving ownership of diverse assets, cross-chain accounts, and data to every single NEAR account. Diagram of a chain signature in NEAR How It Works Controlling accounts and …

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