Your Guide: How to Bridge to Near?
Do you consider yourself to be a crypto enthusiast? If so, you’ve probably heard of something called Near. Now, if you’re unsure of what we’re talking about, don’t worry; we’ll cover everything you need to know.
However, if you’ve been asking yourself, “How do I get to Near?” you’re in the right place. Keep reading to find out more.
Also read: BRICS: US Economist Warns ‘Worse Stock Market Crash’ in 2 Years
What is near?
First, for those of us who don’t know what Near is, this section is for you. NEAR (aka NEAR Protocol) is referred to as a decentralized application (dApp). Their main goal is to go head-to-head with Ethereum by focusing on user-friendliness and being developer-friendly.
They have a native token called the NEAR token, which is used primarily for gas fees and storage on their NEAR crypto platform.
Also read: BRICS: US Economist Warns ‘Worse Stock Market Crash’ in 2 Years
Why do people enjoy using Near?
Next, let’s try to understand why people love NEAR. It’s quickly gained so much popularity as of late. You see, NEAR is unique in that it offers something called a Rainbow Bridge.
Remember, bridging allows you to transfer assets from one crypto platform to another so that you can exploit each platform’s perks. Many people have come to love NEAR because they enjoy lower transaction fees (gas fees), the speed of the network, and the fact that they pride themselves on being “carbon-neutral.
Is it near an ERC-20 token?
Furthermore, the native token called the NEAR token can also be referred to as an ERC-20 token. You might wonder what exactly an ERC-20 token can be used for, and for good reason. It can be a bit of a mind game, but we’ll do our best to put it into simple terms for you to understand.
In short, an ERC-20 token is a standard baseline token that is used to create and issue what’s called a smart contract. A smart contract is a special code that’s created on a blockchain and is automatically executed when two parties agree to a common action.
Of course, it gets way more technical than that, but you get the gist.
How to Bridge to Near?
If you want to bridge to NEAR, it’s a pretty easy thing to do. For starters, you need to ensure that you have a NEAR wallet and are familiar with the Rainbow Bridge. The rainbow bridge is the main tool that you’ll use to bridge to the NEAR platform. This way, you can easily move assets from network to network with ease. Once you have your wallet and have accessed the Rainbow Bridge, you’re ready to go.
Next, you’ll want to select the assets you wish to move from your other blockchain. Then, you’ll begin to initiate the transfer and confirm it. It’s really that simple.
A key tip here is that you want to make sure to check the current gas fees on the network. Gas fees are typically influenced by the number of transactions happening. So, if there’s a time when the fees are low, you can have the best outcome without having to pay too much.
Conclusion
In conclusion, bridging to NEAR is a pretty straightforward and easy process. By following the guide above, you can easily learn and maneuver through the blockchain and explore all the perks that NEAR offers.
Whether you’re a newcomer or a seasoned pro, the Rainbow Bridge that sets NEAR apart from its competitors is going to be a game changer for you should you wish to bridge to this blockchain. Happy trading!