NEAR Public Chain Introduces Privacy Technology: A Perfect Combination of Performance and Privacy

Recently, an important technological integration has brought new possibilities to the NEAR public chain. By introducing advanced blind computation and blind storage technologies, over 750 projects in the NEAR ecosystem can now utilize powerful privacy protection tools. This initiative combines the high-performance characteristics of NEAR with cutting-edge privacy features, opening up new application scenarios for developers and users.

Core Advantages of the NEAR Blockchain

As a mature L1 blockchain network, NEAR is known for its outstanding performance. Its main features include:

1. Nightshade Sharding Technology: This unique solution significantly enhances transaction processing capabilities while reducing latency, making it ideal for applications that require high performance.

2. WebAssembly-based runtime environment: Supports writing smart contracts using Rust and AssemblyScript, attracting developers from diverse backgrounds.

3. User-friendly account system: The use of intuitive account names greatly enhances user experience and accessibility.

These features make NEAR the preferred platform for developers, entrepreneurs, and creatives, collectively building a thriving ecosystem.

The Integration of Privacy Technology and NEAR

Combining advanced blind computation capabilities with NEAR's efficient transaction processing brings the following advantages:

• Modular Data Privacy: New privacy features seamlessly integrate with NEAR, allowing for modular execution of data storage and computation operations within privacy networks, while ensuring transparent settlement on the NEAR blockchain. This modularity provides developers with greater flexibility.

• Private Data Management: By providing private storage and computing capabilities for various types of data, NEAR's functionality has been significantly extended. This opens up new possibilities for the design of privacy-preserving applications, enabling developers to build solutions that were previously unattainable due to privacy constraints.

• Private AI: NEAR's focus on autonomous, user-owned AI complements the newly introduced private storage and computing capabilities, creating a vast design space for the development of decentralized AI.

New Application Scenarios

This technical integration has opened up new avenues for privacy protection applications within the NEAR ecosystem, especially in terms of AI solutions:

1. Private AI:

   • Secure AI model inference
   • Privacy-protecting AI agent
   • Federated Learning for Enhanced Privacy
   • Private synthetic data generation
   • Privacy-protected retrieval-enhanced generation (RAG)

2. Cross-chain privacy solutions: Paving the way for privacy-protecting cross-chain applications and asset transfers.

3. Privacy-first community platform: supports private content storage, personalized recommendations, blind voting, and secure fund management.

4. Secure DeFi: Implement private order books, confidential loan assessments, and hidden liquidity pools.

5. Privacy-focused Developer Tools: Provides privacy-centric APIs and tools that enable developers to easily integrate advanced privacy features into their applications.

Looking to the Future

By combining NEAR's high-performance infrastructure with advanced privacy features, an environment is being created that enables developers to build powerful, privacy-protecting applications to meet real-world needs. This will help to create a new open digital economy, allowing users to have better control over their assets and data. As this technology continues to develop and be applied, we can expect to see more innovative privacy protection solutions emerging within the NEAR ecosystem.