Account Model

In order to join the NEAR ecosystem, users need to create an account. NEAR accounts are unique when compared to other blockchain ecosystems.

Human-Readable Accounts

NEAR leverages human-readable accounts to simplify remembering them. In this way, accounts have addresses such as alice.near instead of long strings of random characters.

Permissions Through Access Keys

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.

Simple to Develop Smart Contracts

NEAR accounts can optionally hold a simple program, known as a smart contract. In NEAR, developers can create smart contracts using languages such as Javascript or Rust.

Mutable State (Storage)

NEAR accounts have a state (storage) which can mutate when the user or the account's contract performs a transaction.

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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 (0x123...)	Account ID (alice.near)
Secret Key	Private Key (0x456...)	Multiple Keypairs with permissions: - FullAccess key - FunctionCall key
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