Introduction:
Welcome to our in-depth analysis of NEAR's upcoming collaboration with Alibaba Cloud. This partnership not only bolsters NEAR's visibility in the Asia-Pacific (APAC) region but also eases the process for Alicloud users to establish NEAR validators hosted on their platform. Our investigation will delve into various aspects surrounding NEAR validators. We'll assess the number of validators and evaluate the seat price. Furthermore, we'll explore the disparity between validators utilizing poolv1.near versus pool.near, alongside the advent of the new updateable pool factory. We'll look into the quantity of NEAR staked per validator in the active set and the total NEAR staked. Lastly, our exploration will highlight the implications of liquid staking solutions and the yield on NEAR staking. With the goal of providing you with comprehensive insights, this article will enable a profound understanding of NEAR’s functionality and its role in the blockchain ecosystem.
Definitions:
What is NEAR?
NEAR Protocol is a smart contract capable, public Proof-of-Stake (PoS) blockchain that was conceptualized as a community-run cloud computing platform. Built by the NEAR Collective, NEAR was designed to host decentralized applications (dApps), and strives to compete with Ethereum and other leading smart contract-enabled blockchains like EOS and Polkadot. NEAR’s native token is also called NEAR, and is used to pay for transaction fees and storage. NEAR tokens can also be staked by token holders who participate in achieving network consensus as transaction validators.
What are Validators?
A validator is a participant in a Proof of Stake (PoS) blockchain network that is responsible for validating new transactions and maintaining the security of the blockchain. Validators do this by staking their crypto to support the network.
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