NEAR Protocol - behind the scenes update for runtime and contracts.

Flashy updates such as a project launching are very visible, but there is an enormous amount of work happening behind the scenes.

Thread 👇 1. Fungible token standards. We’re working on the new fungible token standard that improves on the complexity of the NEP-21 by removing implicit storage attachments and replacing approvals with transaction-time authorization. Also fungible token metadata standard.

NEAR Protocol Usability Summary:
- Account Names instead of hashes of public keys.
- There can be multiple Access Keys per account.
- Function call limited access key.
Thread 👇 NEAR uses readable account IDs instead of a hash of a public key. It’s similar to twitter handles. Also Account IDs work like domains. E.g. only account “alice” can create a sub-account like “app.alice”, and now only “app.alice” can create a “beta.app.alice”.