NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”
Verida is enhancing Verida Vault with specific capabilities to support their Protocol.
These new features brings to NEAR single sign-on support returning a key pair, the creation of implicit accounts, identification of named accounts, support for viewing, sending, and receiving NEP-141 tokens, and support signing of transactions via WalletConnect.