Q5. How does NEAR stock up to other L1s in terms of speed and performance? How fast is NEAR, and compare it with other blockchain speeds in terms of transactions per minute and percentage of transactions that fail. 

What is polygan?

Undoubtedly, the largest blockchain network for running decentralized applications and smart contracts is Ethereum. Since the launch of this network until today, the number of decentralized applications running on it is increasing day by day. This issue has created a serious challenge for the Ethereum network. Naturally, the capacity of this network to process transactions per unit time is limited. As a result, over time, the issue of scalability has become a serious challenge in the Ethereum blockchain. Meanwhile, several solutions have been defined to solve this challenge. Polygon is known as a second layer solution to improve the scalability of the Ethereum network

what is near?

The Near network is similar to the Ethereum network; With the difference that this platform tries to provide higher usability, scalability and ease and finally be a completely decentralized network. In the current world, a significant number of projects and applications that are developed on blockchain networks remain at the level of research projects and are not fully launched. The existence of decentralized protocols depends on the community of developers who launch their projects on these protocols. For example, consider projects in the field of DeFi. Almost all these projects have been launched on the Ethereum network. UniSwap, Ave, Compound, and many others are decentralized applications built on the Ethereum network. The Near network claims that a collection of expert developers and programmers from all over the world are active in this network.

what is etherum?

Ethereum is a blockchain platform created to support smart contracts and secure financial transactions. Smart contracts are software that allow decentralized applications or dApps to run automatically when a set of conditions are met. This cryptographic network includes dApps for running games, decentralized finance or DeFi, etc., and on the other hand, many non-exchangeable tokens or NFTs are designed and implemented based on the Ethereum blockchain. The Ethereum blockchain has its own native digital currency called Ether (ETH) and its own programming language called Solidity. With a market value of 310 billion dollars at the end of January 2022, this currency is known as the most valuable currency in the world after Bitcoin.

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near On June 16, the speed was great, but unfortunately, the speed decreased after a few days

Currently, it is slow compared to competitors

Conclusion

The percentage of wrong transactions is almost the same with Polygon, but Ethereum has a lower percentage of wrong transactions than others

And in terms of speed and performance, it is clear in the charts above that near has a weaker performance than its competitors

good luck:)