Illia Polosukhin Near Protocol Ukraine business Blockchain Adoption Dapps Ecosystem Illia Polosukhin Near Protocol Ukraine

NEAR protocol releases blockchain operating system for Web3

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The decentralized application (DApp) NEAR protocol is releasing a new blockchain operating system, focusing on improving user experience on Web3 through a common layer for browsing and discovering open web resources, the company disclosed at the Web3 and innovation festival ETHDenver 2023.In an interview with Cointelegraph's Turner Wright during the event, NEAR co-founder Illia Polosukhin spoke on how the ecosystem is moving closer to user's needs and the release of the Blockchain Operating System (BOS).According to the NEAR's team, the system works with any blockchain or Web2 backend, allowing users to have the experience of using a single app, even when switching between applications or chains.

For developers, the solutions promise to deliver decentralized and composable frontends, enabling the fork of pieces and components, and built-ins such as payments, profiles, and notifications without any hosting involved.Polosukhin noted about the blockchain operating system: The protocol, which is a competitor of Ethereum offering smart contract capable and a proof-of-stake blockchain, sought a 10x growth on key metrics last year, including number of transactions, active monthly wallets, projects onboarded, developers and money invested within the ecosystem, claimed the co-founder.  Related: Smart contracts to power day-to-day Web3 company operations "A lot of projects just migrated over to NEAR," noted Polosukhin about last year's growth, combined with an effort to search for existing applications with a user base: Unchain Fund Polosukhin is also one of the developers behind the Unchain Fund, a fundraising effort created last year to help Ukrainians affected by the war.

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