NEAR’s gas mechanism uses a dynamic pricing model. This model automatically adjusts gas prices based on network congestion. Thus, transaction fees increase when the network is congested and decrease when congestion decreases. This dynamic model ensures that the network is constantly operating at optimal performance.
The NEAR ecosystem supports projects in various areas such as DeFi (Decentralized Finance), NFTs , games, and other Web3 applications. The platform encourages the growth of its ecosystem by offering special lead educational programs, hackathons, and grant programs for developers.
NEAR Protocol also places emphasis on interoperability with other blockchains. A bridge technology called Rainbow Bridge enables asset transfers between Ethereum and other compatible blockchains.
The NEAR ecosystem is focused on improving the developer experience by offering a variety of tools and frameworks. One of these is the NEAR SDK. This development kit makes it easy to write smart contracts in Rust and provides developers with a variety of ready-made templates.