The Libra association member Bison Trails wants to provide users with the opportunity to participate in the NEAR Network as we are reading more about it in the latest Blockchain news today.
The blockchain infrastructure as a service company Bison Trails announces support for NEAR which is created to power the Open Web and Open Finance. According to the announcement, the smart contract platform is focused on enhancing the accessibility and usability to support large-scale consumer applications. The CEO of Bison Trails Joe Lallouz explained that the company has been working with NEAR for one year already.
He also noted that this is the perfect time to make the official announcement as NEAR aims to transition from proof-of-authority to the restricted mainnet in the summer of 2020. The restricted mainnet is one step in the rollout schedule of the network. According to NEAR, the opening up to the network in stages will allow them to test it and to address certain issues in the process. The restricted stage will be followed by a community government mainnet and the release date is yet to be determined.
We're thrilled to announce support for @NEARProtocol today. Our comprehensive guide to NEAR includes details of NEAR's innovations, its focus on developers and usability, and what you need to know about how the protocol works. https://t.co/0j0VfZfgLQ
— Bison Trails (@BisonTrails) June 9, 2020
The NEAR token holders within the Bison Trails platform will be able to run the nodes right after the transition. NEAR will also award node operators during the restricted stage as Lallouz explained:
“In preparation for a reboot of their incentivized testnet, we worked with the NEAR team to improve their internal processes and system designs. In particular, we connected them with other experienced protocol teams to learn and adapt their methodologies.”
The co-founder of NEAR, Ilia Poloukhin, explained that the integration of Bison Trails will help to increase financial security and network capacity:
“Over time, NEAR’s goal is to grow the number of validators as usage of the network increases, and the number of shards increases per demand.”
Bison Trails extended support for the CELO open network which allows smartphone users to send crypto directly to a person’s phone number instead of using a blockchain address. Also, Bison Trails and Coinbase Custody have joined the Proof of Stake Alliance (POSA) which is an advocacy group for the POS Technology. The Bison trails platform, along with a few of the remaining Libra association members, join the likes of Interchain Foundation, Tezos, and the Web3 Foundation. The goal of the Proof of Stake Alliance (POSA) is to educate and policy stakeholders on the Proof of Stake technology which is an extremely prominent component of the cryptocurrency and the entire blockchain ecosystem.
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