Near Protocol price

【 What’s different about the next generation L1 that keeps coming out? 】 Just last year and this year, new L1s and L2s have been pouring out. Do you really think everything has come out now? Today, I will quickly inform you about the next generation L1 from 2009 to after 2025!! ☑️ 2009 — Early Blockchain Bitcoin created the first decentralized digital currency. Thanks to this, transactions between individuals became possible without a central authority. And since it is based on Proof of Work (PoW), security was strong, but there were issues with slow block generation and small block size, resulting in low processing speed. ☑️ 2012 — Payment Network An era focused on fast payment processing. Ripple was a representative example. However, decentralization was sacrificed for high throughput, and it was simply created for payments. ☑️ 2014 — Programmable Blockchain The emergence of Ethereum! Through smart contracts, it expanded the blockchain from a simple payment method to an on-chain application platform. However, the capacity for processing was limited, resulting in low processing speed and inefficient fee structures with high storage costs. ☑️ 2019 — The Rise of Ethereum Killers After Ethereum's success, projects emerged claiming to improve Ethereum's limitations. Notable examples include Solana, Avalanche, and Near. While they were fast due to parallel processing, the high entry barrier for developers due to their own VMs led to a fragmented ecosystem with poor compatibility. ☑️ 2020 — Interoperable Networks During this period, ecosystems where various independent chains were interconnected gained attention. Cosmos was a representative example. Through IBC, a collaborative ecosystem was created, but there were still issues with complex UX, liquidity fragmentation, and security risks. ☑️ 2021 — The Era of Layer 2 To solve Ethereum's scalability issues, numerous L2s emerged. Notable examples include @base, Arbitrum, and Optimism. While they were fast and cheap due to rollup structures, liquidity was still fragmented between L2s, and the centralization risk due to a single sequencer remained. ☑️ 2023 — The Era of Ultra-Fast Chains Ultra-fast chains were born through parallel processing, pipelining, and hardware optimization. Notable examples include @monad, Sui, Aptos, and Sei. While they are ultra-fast, the problem of increasing centralization risk has arisen. ☑️ After 2025 — Next Generation And now, the next generation L1 will be @ritualnet. Ritual is not just a fast chain. It is a layer that completely redesigns the operations processed on-chain. While existing L1s focused on processing transactions, Ritual is the first blockchain that can natively handle operations. It can process complex operations such as AI inference, ZK proofs and verification, and TEE on-chain. That’s the next generation L1, Ritual!