What Is NEAR Protocol (NEAR)?

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.”

NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”

Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.

Question

How centralized or decentralized is NEAR, really?

Choose at least two distinct measures of decentralization that can be explored with on-chain data; clearly define those metrics; and outline how NEAR performs based on those metrics.

In your view, is NEAR becoming more centralized or decentralized over time?

You are welcome to draw on any past submissions in your work, but ensure you credit and link to the original creator

Summary

• Amont all Cexs, Binance has the highest number of transactions with about 328.3K transactions also, Binance has the highest number of Users with about 184K Users. after Binance, Huobi has the highest number of transactions after Binance with about 111.1K transactions also Okex has the highest number of Users after Binance with about 10.1K. also Binance has about 61.5% ratio of all transactions and after it Huobi has about 21% of all transactions. in terms of ratio of users Binance has about 86% ratio of users and after it Okex has about 5%.

• in terms of Daily number of transactions per Cex on 8 September 2021 the highest number of transactions was on that day with about 14.9K this amount belongs to Binance but after that day Near transactions of Cex experienced a declining trend.

• in terms of Daily number of Users per Cex on 8 September 2021 the highest number of users was on that day with about 13.7K this amount belongs to Binance but after that day Near users of Cex experienced a declining trend.

• in terms of monthly transactions, the highest number of Monthly transactions in Cexs, September had the highest number of transactions and Binance had the highest number of transactions among all Cexs with about 172.5K.

• in terms of monthly Users, the highest number of Monthly Users in Cexs, September had the highest number of Users and Binance had the highest number of Users among all Cexs with about 150K.

• Near Experienced 535K transactions as Total Cexs Transactions. moreover, Near Experienced 214K Users as Total Cexs Users.

• in terms of Dexs transactions Ref Finance has the highest number of transactions since inceptions with about 1.1M transaction. also, Ref Finance has about 50% proportion of all Dexs transactions.

• in terms of Dexs users Ref Finance has the highest number of users since inceptions with about 31.3K Users. also, Ref Finance has about 16.4% proportion of all Dexs Users.

• the highest daily Dexs transactions was on 19 Feb with about 41.3K transactions also the highest number of users was on 20 Feb with about 6.9K Users.

• the highest monthly transactions was in October with about 280K transactions ND THE HIGHEST NUMBER OF USERS was on Febrerury with 24K users.

  To Sum Up:

• It seems while number of Cexs transactions has experienced downward trend, Dexs has experienced upward trend during this period.