What is NEAR Protocol?
NEAR Protocol is a decentralized development platform built on top of a public, sharded, developer-friendly, proof-of-stake blockchain. It is a highly scalable, low-cost platform for developers to create decentralized apps on top of. NEAR Protocol is like a public community-run cloud platform.
NEAR Protocol goals
The purpose of NEAR Protocol is to provide a platform for developers to create decentralized apps. The project aims to solve the problem of scalability and high costs associated with traditional blockchain platforms. Potential use cases and applications of the technology include financial services, insurance, trade, sustainability, healthcare, and government sectors.
NEAR Protocol fondamentals
The NEAR token is the protocol's native cryptocurrency, used to participate in network governance, secure the network, and pay transaction fees. The token distribution plan is not specified, but the protocol selects its validators through auctions, in which anybody with a validator node can stake their tokens to participate in the process.
Marketcap
$6.331B
Total number of NEAR Protocol
1230619004 NEAR
NEAR Protocol technology
NEAR Protocol's technology is based on a public, sharded, developer-friendly, proof-of-stake blockchain. The protocol uses a proof-of-stake mechanism and community governance system, and its native cryptocurrency, NEAR, powers the platform. The blockchain's scalability and performance are enhanced through its sharding mechanism, Nightshade.
NEAR Protocol competitors
NEAR Protocol differentiates itself from competitors through its sharding mechanism, Nightshade, which enhances the blockchain's scalability and performance. Its competitive advantages include its highly scalable and low-cost platform, making it an attractive option for developers to create decentralized apps.
NEAR Protocol price history
Frequently asked questions
The NEAR token is used to participate in network governance, secure the network, and pay transaction fees.
The protocol selects its validators through auctions, in which anybody with a validator node can stake their tokens to participate in the process.
Nightshade is NEAR Protocol's sharding mechanism, which enhances the blockchain's scalability and performance.
Yes, NEAR Protocol is a decentralized development platform built on top of a public, sharded, developer-friendly, proof-of-stake blockchain.
The purpose of NEAR Protocol is to provide a platform for developers to create decentralized apps.
NEAR Protocol's technology is based on a public, sharded, developer-friendly, proof-of-stake blockchain, and its native cryptocurrency, NEAR, powers the platform.
Potential use cases and applications of the technology include financial services, insurance, trade, sustainability, healthcare, and government sectors.
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