NEAR Protocol
NEAR
€2.35
24 hours
-0.56%

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)

Launch date: April 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

€2.38

De value of NEAR Protocol 24 hours ago

24h highest price

€2.49

De highest value of NEAR Protocol in the last 24 hours

24h lowest price

€2.34

De lowest value of NEAR Protocol in the last 24 hours

24h difference

€0.02146287

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.

NEAR Protocol
NEAR
€2.35
24 hours
-0.56%