What is NEAR Protocol?
NEAR Protocol is a layer-1 blockchain platform designed for scalability and ease of use. It uses a unique sharding technology called Nightshade to achieve high transaction speeds and low costs. NEAR aims to provide a developer- and user-friendly platform, focusing on removing the common barriers associated with Web3 technologies.
Whitepaper: NEAR Whitepaper
How does NEAR Protocol work?
NEAR Protocol implements a sharding mechanism called Nightshade, which splits the blockchain into multiple parallel shards that share the same execution environment. This allows the network to scale linearly by adding more shards as demand increases. The platform also uses a Proof-of-Stake (PoS) consensus mechanism, where validators stake NEAR tokens to validate transactions and secure the network.
The Token
Ticker: NEAR
Category: Platform Token
Blockchain: NEAR Protocol
Protocol: Proof-of-Stake (PoS)
Year of launch: 2020
The Technology Behind NEAR Protocol
NEAR Protocol was built with a strong focus on scalability and usability. The implementation of Nightshade sharding enables efficient transaction and smart contract processing. Additionally, NEAR provides a suite of developer tools and documentation to simplify the process of building and deploying decentralized applications (dApps).
The NEAR Ecosystem
The NEAR ecosystem includes a growing number of dApps, ranging from DeFi protocols to NFT marketplaces. The platform has also formed partnerships with various projects and organizations to boost adoption and interoperability. In 2023, NEAR launched the Blockchain Operating System (BOS), an open-source alternative to traditional platforms, aimed at improving accessibility and transparency within the Web3 space.
Who Founded NEAR Protocol?
NEAR Protocol was founded by Alexander Skidanov and Illia Polosukhin. Both have a background in software development, having worked at MemSQL and Google, respectively. Their combined expertise contributed to the creation of a scalable and user-friendly blockchain platform.
Price at this moment
24h ago
€2.12
De value of NEAR Protocol 24 hours ago
24h highest price
€2.26
De highest value of NEAR Protocol in the last 24 hours
24h lowest price
€2.08
De lowest value of NEAR Protocol in the last 24 hours
24h difference
€0.11997900
The difference in value of NEAR Protocol in the last 24 hours, if it dropped or it raised
Impact on environment
Click here to read more information about the impact of this coin on the environment.
Risk disclaimer
For more information about this crypto asset, please refer to the official source:
https://near.org/
Before trading, please also read the risk warning on cryptoassets in general:
Cryptocurrencies, including NEAR Protocol (NEAR), are volatile and carry risks. The value of NEAR can fluctuate significantly, and investments may lead to financial loss. Always do your own research and only invest what you are willing to lose.
The BTC Direct disclaimer van be found here: https://btcdirect.eu/en-eu/disclaimer