Overview of NEAR Protocol
NEAR Protocol is a decentralized application platform designed to host web-compatible apps. Operating on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, it prioritizes scalability and stable transaction fees.
What Is NEAR Protocol?
NEAR Protocol (NEAR) is the native utility token powering the ecosystem, serving three core functions:
- Transaction fees: Covers processing and data storage costs.
- Network security: Validators stake NEAR tokens to participate in consensus.
- Governance: Token holders vote on resource allocation and protocol upgrades.
NEAR Protocol Tools and Features
Developers leverage NEAR’s robust toolkit:
- NEAR SDK: Supports Rust and AssemblyScript with standardized data structures.
- Gitpod for NEAR: Enables instant development environments.
- NEAR Wallet: Simplifies user onboarding for dApps.
- NEAR Explorer: Monitors contract performance and network analytics.
- CLI Tools: Facilitates local development and deployment.
👉 Discover how to stake NEAR tokens
Market Data and Performance
NEAR Protocol Market Segments
- CEX: Centralized exchange trading pairs.
- DEX: Decentralized exchange liquidity pools.
- Spot: Immediate token purchases/sales.
- Perpetuals: Derivatives trading with no expiry.
- Futures: Contracts settled at a future date.
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NEAR Protocol News and Updates
Stay informed with:
- Top headlines: Curated industry insights.
- Latest announcements: Real-time protocol upgrades and partnerships.
FAQs About NEAR Protocol
How many NEAR coins are in circulation?
The circulating supply updates dynamically based on staking and network activity. Check CoinMarketCap for real-time metrics.
Who founded NEAR Protocol?
NEAR was co-founded by Illia Polosukhin and Alexander Skidanov, focusing on scalable blockchain solutions.
Where can I buy NEAR tokens?
NEAR is available on major exchanges like Binance, OKX, and Coinbase.
What are similar coins to NEAR?
Projects like Solana (SOL), Avalanche (AVAX), and Polygon (MATIC) offer comparable smart contract functionality.
Disclaimer: This content is for informational purposes only and does not constitute financial advice.