Gateway and NEAR Foundation Team Up for Next-Gen Data Availability
Released at NEARCON ’23, NEAR Data Availability (NEAR DA) is an important advancement initiated by the NEAR Foundation. That is strategically designed to address a critical challenge within blockchain development. It’s specifically tailored for Ethereum (ETH) rollups and developers within the Ethereum ecosystem, NEAR DA emerges as a robust solution for ensuring secure and cost-effective data availability.
Data costs on the Ethereum L1 have presented significant cost barriers, impeding the scalability and accessibility of blockchain applications. NEAR DA aims to dismantle these obstacles by introducing a highly efficient and affordable alternative for data storage and access.
NEAR DA leverages the robust infrastructure of the NEAR blockchain to offer a solution by harnessing the Nightshade consensus mechanism. In that way NEAR DA optimizes data storage and retrieval, ensuring both integrity and availability.
For us at Gateway.fm, NEAR DA presents a promising avenue for enhancing Validium, offering an option that not only improves the efficiency and affordability of Validium but also elevates its security. By combining Validium with NEAR DA, we anticipate significant cost reductions and performance enhancements, surpassing the capabilities of rollup solutions in isolation.
NEAR DA will be integrated with Presto (presto.gateway.fm) and the integration empowers developers with a solution that strikes a balance between cost-effectiveness, speed, and security, making it an attractive choice for projects seeking to optimize their blockchain infrastructure.
Key Features and Benefits
Cost-efficiency: NEAR DA significantly reduces data availability costs compared to Ethereum Layer 1. This substantial cost reduction democratizes access to blockchain data, making it accessible to developers of all sizes
Reliability: With NEAR DA, developers can place their trust in a secure and dependable data storage infrastructure. Leveraging the NEAR blockchain’s consensus mechanisms, NEAR DA guarantees the reliability of stored data, fostering confidence among developers and users alike due to NEAR’s 3+ years of 100% uptime.
Scalability: NEAR DA seamlessly integrates with Ethereum rollups and Layer 2 solutions, offering a scalable architecture that adapts to the evolving needs of blockchain applications. This scalability ensures that developers can expand their projects without compromising on data availability or security.
Embracing Collaboration: NEAR DA is not just a standalone solution but an integral part of the NEAR Open Web Stack. This integration fosters collaboration and innovation, allowing developers and founders to leverage NEAR’s technology for data availability while continuing to build on Ethereum.
Getting Started with NEAR DA
Developers interested in exploring NEAR DA can begin their journey by visiting nearmodular.com Here, they will find comprehensive documentation and resources to facilitate seamless integration into their projects
We at Gateway are glad to embark on this journey to reshape the future of data availability in blockchain technology with NEAR DA. Follow us for future news and developments over at X LinkedIn Discord and our site Gateway.fm.
