In order to join the NEAR ecosystem, users need to create an account. NEAR accounts are unique when compared to other blockchain ecosystems.
NEAR leverages human-readable accounts to simplify remembering them. In this way, accounts have addresses such as
instead of long strings of random characters.
NEAR accounts can have multiple keys, each with their own set of permissions. This allows to grant specific authorizations to third-parties, while keeping the option to revoke them at any time.
NEAR accounts have a state (storage) which can mutate when the user or the account's contract performs a transaction.
Comparison With Ethereum
If you're familiar with development on Ethereum, it's worth making a quick note about how accounts are different. The table below summarizes some key differences:
|Ethereum Wallet||NEAR Account|
|Public Identifier||Public Key (||Account ID (|
|Secret Key||Private Key (||Multiple Keypairs with permissions:|
|Characteristics||- Private key gives full access|
- Account doesn't have to be created via a transaction
|- Permission-based keypair|
- Account ID must be created via blockchain transaction