In order to join the NEAR ecosystem, users need to create an account. NEAR accounts are simple to use and present a variety of advantages with respect to other blockchain ecosystems.
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.
NEAR accounts can have multiple keys, each with their own set of permissions. This allows to share individual keys with third-parties, limiting their potential impact in your account, and allowing to replace any compromised key.
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