Have you heard of the Near accounts model

Have you heard of the Near accounts model

Near Account model

Interaction of users with blockchain technologies has been a continuous hurdle until the emergence of the Near protocol .

Near protocol uses an account model for users that requires no technical knowledge or any stressful process .

What merits does near accounts pose over other account model🤔?

  • Human-readable Accounts : this form of account makes remembering addresses easy and very reliable . i.e accounts can be named your personal name.
  • Permissions based on access keys : near provides a rare but very secured form of access keys , that is an account can have multiple access keys bestowed to the smart contracts, this access keys have a varied form of permissions which makes the account very secured and impenetrable.
  • Simple to develop smart contracts : the account model aids the development and deployment of smart contracts.

Feature comparison between account models

FeatureNear accountsOther account model
Public identifierPublic key (64 bit identifier)Accountid (named or implicit)
Secret keyPrivate keyMultiple access keys with varied permissions
SecurityPrivate key gives absolute access without further checksAccess keys help to vary permissions to interactors

What is the near account id ?

An account in near has two parts , an account id and multiple access keys .

An account id also called. An address is a public identifier for the user account on near , it's analogous to a cashapp tag or an account number .

Account id can either be :

  • Named : these accounts are identified by human readable names . Moreover, named account can create sub account on itself. i.e let Johannn be a named account ,Johann.near can create sub account like cash.johann.near which can also create sub account like app.cash.johann .
  • Implicit : these are like the normal long string of characters to identify an account i.e. BGCCDDHfysuuVnaNVtEhhqeT4k9Muyem3Kpgq2U1m9HX .

Note : a named account has an implicit identifier under the hood and these names must follow a particular set of rules.

Named account on the testnet are designated with .testnet e.g bridget.testnet while account on the mainnet are designated with .near e.g mahmud.near .

Rules for named account

  • The absolute creator of top level accounts is the near registrar ,it only can create top level accounts ranging from 1 - 32 characters .
  • Anyone can create top level accounts greater than 32 characters .
  • A created account can only create sub account of itself ,it cannot create sub account of its sub account nor does it have control over its sub account .

What is meant by access keys 😌?

Blockchain transactions require private Keys to sign ,this use of private key by most mainstream blockchain is very unsecured and can easily be exploited .

Near protocol uses a rare form transaction signing using access keys . An account can have numerous access keys mapped to it ,these access keys have their own set of permissions .

These access keys help to grant limited accessibility over accounts to third party .

Near access keys types

The near protocol implements two access keys types :

  • Fullaccess : this type of access grants the receiver the permission to perform any action on the account e.g transfer near, add sub account, delete account e.t.c.
  • Functioncall : this grants non-payable method calls on the account.

What merits do these access keys promote ?

  • Usage of dapps: in the modern web3 world , dapps continually requires signing of transactions with private keys , in near you can create keys specifically for a dapp to limit its access over the account
  • Key replacement : unlike traditional private keys , in situations of fear of compromise of access keys ,they can just be replaced without jeopardizing the security of the account.