NEAR Foundation Launches NEAR DA to Offer Secure, Cost-Effective Data for ETH Rollups

Lisbon, NEARCON: The NEAR Basis right now introduced the rollout of the NEAR Knowledge Availability (NEAR DA) layer, a groundbreaking innovation that provides strong, cost-efficient knowledge availability for builders constructing Ethereum rollups.

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Launched with Madara by StarkNet, Caldera, Fluent, Vistara, Dymension RollApps, and Motion Labs as its first customers, NEAR DA’s entry into the information availability panorama builds upon the NEAR Protocol’s 3+ years as a longtime, safe, and dependable blockchain with 100% uptime.
NEAR offers all of the ensures of a scalable layer 1 community that can also be more cost effective than different DA options—as an example, posting rollup knowledge on NEAR could be 8,000 occasions cheaper than posting on Ethereum.
Designed to scale Ethereum cheaply and reliably, NEAR DA presents speedy advantages to Web3 founders exploring the modular blockchain improvement panorama. The brand new layer helps Ethereum L2s that wish to proceed constructing on ETH with out the excessive price of posting knowledge. It should additionally help high-quality tasks seeking to launch an app-chain or an L2.

The negligible, predictable gasoline charges and cost-effectiveness of NEAR DA let builders construct extra accessible purposes for his or her end-users.

As of September 2023, posting 100kB of calldata on Ethereum L1 for optimistic rollups would price roughly $26.22, whereas posting the identical quantity of knowledge on NEAR Protocol would price $0.0033. Initiatives can cross these advantages alongside to their consumer base whereas nonetheless remaining built-in with the broader Ethereum ecosystem.

Illia Polosukhin, co-founder of NEAR Protocol, stated: “Providing an information availability layer to Ethereum rollups highlights the flexibility of NEAR’s tech whereas additionally serving to founders from throughout Web3 ship nice merchandise that convey us nearer to mainstream adoption of the Open Internet.”
“NEAR’s L1 has been stay with 100% uptime for greater than three years, so it may possibly provide true reliability to tasks on the lookout for safe DA whereas additionally being cost-effective.”

Illia Polosukhin, co-founder of NEAR Protocol
“NEAR offers nice options to builders irrespective of which stack they’re constructing on and now that features the Ethereum modular blockchain panorama,” added Illia.

By opening up its blockchain for knowledge availability, NEAR Protocol is increasing its choices to ship a modular blockchain improvement framework that lets Web3 builders and founders proceed constructing on Ethereum whereas leveraging NEAR’s state-of-the-art tech for one a part of the stack, relying on their necessities.

NEAR DA expands the capabilities of NEAR’s Open Internet Stack, a typical entry level the place builders and customers alike can simply construct, browse, and uncover Web3 merchandise and platforms. This consists of FastAuth onboarding to an account in seconds with zero crypto or seed phrases required, in addition to the flexibility to create decentralized frontends from a library of hundreds of elements.

Builders and founders constructing on Ethereum rollups keen on utilizing NEAR DA can go to close to.org/data-availability to get began.

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About NEAR Basis

The NEAR Basis is a Switzerland-based non-profit basis whose mission is to allow group pushed innovation to profit folks around the globe. One in all its core areas of focus is the NEAR ecosystem, which features a absolutely operational decentralized Blockchain-based platform for constructing decentralized purposes.

NF carries out its mission, primarily by the allocation of help and assets to different nodes within the close to ecosystem, reasonably than through direct intervention or operations.

NF‘s final aim is to reduce its personal scope and footprint by persevering with to divide capabilities and assets to the ecosystem; and help the event of decentralized infrastructure mandatory for these ecosystem capabilities to function in a self-sufficient method. For extra data go to the web site, observe us on social, or be part of our communities:

NEAR Basis X/Twitter: @nearprotocol
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