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Introduction to NEAR Accounts
Welcome to the world of NEAR accounts! In this lesson, we'll explore how NEAR Protocol's account system works and why it's designed to be more user-friendly than traditional blockchain accounts.
Think of NEAR accounts as your digital identity on the blockchain, which allows you to send and receive assets, interact with smart contracts, and interact with decentralized applications
What Makes NEAR Accounts Special?
NEAR Accounts are your personal space on the blockchain, allowing you to:
- Hold tokens and collectibles
- Make and receive transfers
- Create and Interact with decentralized applications
- Control accounts on other blockchains (like Ethereum or Bitcoin)
A key difference with other chains is that, instead of having an address like 0x742d35Cc6634C0532925a3b8D, you can have a simple named like alice.near which is much easier to remember and share!
Another unique feature of NEAR is that accounts can have multiple keys with different permission levels, allowing for more flexible and secure account management.
Finally, in NEAR all accounts are also smart contracts, meaning you can program them to have custom behaviors and logic!