NEAR Protocol prioritizes scalability and accessibility through innovative sharded architecture and Nightshade technology. More
| Fully Diluted Valuation | $3.10B |
|---|---|
| 24H Trading Volume | $126.50M |
| 24H Low / High | $2.43 / $ 2.54 |
| Circulating Supply | 1.25 B |
| Total Supply | 1.27 B |
| Max Supply | ∞ |
| Categories | Data Availability 20 more |
|---|---|
| Founder | Erik Trautman |
| Website | near.org Whitepaper |
| Socials | 9 more |
| Chains | Ethereum Ecosystem |
| Explorer | Ethplorer 4 more |
| Contracts |
0x85f....9f6a4
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| Name | Pair | OG Score |
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NEAR Protocol: Pioneering Scalability and User-Friendly Blockchain Solutions
NEAR Protocol stands as a revolutionary force in the blockchain sphere, introducing a decentralized application platform with a keen focus on scalability and user accessibility. Launched in April 2020 by the NEAR Foundation, it utilizes a Proof-of-Stake (PoS) consensus mechanism and an innovative sharded architecture, spearheading solutions to the long-standing limitations faced by traditional blockchains.
At its core lies the vision to foster a developer and user-friendly ecosystem. NEAR employs a unique block generation scheme named Doomslug and a sharding design called Nightshade, working in unison to bolster network scalability and alleviate congestion. Nightshade's sharding mechanism splits the network into smaller shards, allowing nodes to handle specific shard-related computations, leading to parallel transaction processing and significantly enhancing throughput.
One of NEAR's standout features is its commitment to simplicity. With human-readable account names, it eradicates the complexities associated with cryptographic wallet addresses, ensuring a seamless onboarding experience. Its consensus mechanism encourages active participation: validators stake NEAR tokens for a chance at consensus, while users can delegate their stake to preferred validators.
The native NEAR token plays a pivotal role within the ecosystem, facilitating transactions, rewarding stakeholders like validators and developers, and being used as collateral for data storage on the blockchain. NEAR Protocol also supports wrapped tokens from other chains and boasts a bridge to Ethereum, enabling the seamless transfer of ERC-20 tokens.
The platform's versatility attracts a spectrum of projects across diverse sectors. Notable ventures like Flux, fostering open markets, Mintbase for NFT issuance, and Paras, a niche marketplace for quality NFTs by select artists, exemplify the platform's adaptability and innovation.
NEAR Protocol's uniqueness lies in its Nightshade technology, propelling transaction throughput to remarkable levels—up to 100,000 transactions per second—while ensuring near-instant finality with minimal transaction fees. This breakthrough, combined with its user-centric approach and developer-friendly tools, positions NEAR as a pioneering force in the evolution of blockchain technology.
Led by Erik Trautman, Illia Polosukhin, and Alexander Skidanov, NEAR Protocol embodies a powerhouse team of experienced developers committed to revolutionizing blockchain scalability. Their collective expertise, coupled with the groundbreaking Nightshade technology, makes NEAR Protocol a frontrunner in shaping the future landscape of decentralized applications and blockchain scalability.
NEAR isn't merely a blockchain; it's a pioneering step towards an open, accessible web where scalability meets user-centric design.
Near Protocol stands out for its sharding design, Nightshade, boosting transaction throughput to 100,000 transactions per second while maintaining near-instant finality and minimal fees. Its user-friendly approach with human-readable account names also sets it apart.
Near Protocol was founded by Erik Trautman, Illia Polosukhin, and Alexander Skidanov, leading an experienced team dedicated to revolutionizing blockchain scalability.
Andreessen Horowitz (a16z), DragonFly Capital, Tiger Global Management, Coinbase Ventures, Pantera Capital, Multicoin Capital, Balaji Srinivasan, Circle, Hashed Fund, ParaFi Capital, Mechanism Capital, Electric Capital, Republic, 6th Man Ventures, Stani Kulechov, IDEO CoLab Ventures, Amber Group, Alan Howard, Fundamental Labs, Blockchange Ventures, Zee Prime Capital, Naval Ravikant, Santiago R. Santos, Folius Ventures, Scalar Capital, Libertus Capital, Accomplice Blockchain, Metastable Capital, MetaWeb Ventures, Xpring Capital, Amplify Partners, DTC Capital, Andrew Keys, Three Arrows Capital, Alameda Research, FTX Ventures.
Near Protocol utilizes a Proof-of-Stake (PoS) consensus mechanism, where validators stake NEAR tokens to participate in consensus. Users can delegate their stake to validators of their choice.
You can buy NEAR Protocol (NEAR) on Binance, OKXBitgetGate.ioBybit cryptocurrency exchanges.
