NEAR Protocol (NEAR)NEAR Protocol (NEAR) is a very interesting initiative that has received a little less spotlight than Fantom despite being as, if not more promising than the latter. NEAR Protocol leverages a concept called sharding which refers to when a blockchain is being split into different fragments called shards in order to spread the amount of data across them. Besides, the NEAR Protocol team announced last Wednesday to have raised an additional $350 million in a new round of funding, cementing its credibility to institutional and retail investors – keep an eye on this one! Quitriam Finance (QTM)Quitriam Finance (QTM) is another initiative that focuses on the challenge of blockchain scalability. Instead of resorting to sharding, Quitriam Finance chose a different way to address this challenge.

Source: Punch April 07, 2022 19:04 UTC