Near Protocol (NEAR) Price

Info

Contract Address

ETH 0x85f17cf997934a597031b2e18a9ab6ebd4b9f6a4

(getButton) #text=(Near.org) (getButton) #text=(Etherscan) (getButton) #text=(Nearblocks)

(getButton) #text=(Twitter) (getButton) #text=(Telegram) (getButton) #text=(Discord) (getButton) #text=(Medium) (getButton) #text=(Facebook)

About NEAR protocol (NEAR)

NEAR is a Layer 1 blockchain, meaning it is not dependent on other chains. It uses a unique scaling mechanism (Nightshade sharding) and makes it especially easy to onboard new users (e.g. through named accounts). It opens the door to mass adoption for Web3.

NEAR Protocol is a proof-of-stake (PoS) network, which means that resistance from various attacks comes from staking NEAR. Staked NEAR represents the decentralized infrastructure of servers that maintain the network and process transactions for applications and users on NEAR. Rewards for providing this service are received in NEAR.

NEAR is readily available on the protocol level, so it can be used to transfer value between NEAR applications and accounts. This means that applications can use NEAR to charge for various functions, like access to data or other complex transactions. Entities can also easily exchange NEAR between each other, without the need for trusted third parties to clear and settle transactions.