NEAR Protocol (NEAR)
What is NEAR Protocol ?
Near Protocol is a blockchain that started working in 2020. Its main goal is to create the best possible platform for the development and operation of decentralized applications. Such a platform should eliminate the weaknesses that competitors have and provide high throughput, fast speed and a high degree of cross-compatibility. The Near blockchain is made developer-friendly, has a number of solutions to improve scalability and reduce costs for both developers and end users. The source code of the Near blockchain is open and anyone can participate in the development of the project.
Instead of a regular ICO, Near Protocol held a private investment round and was able to raise about $50 million to the project. Attracting such a large sum is the merit not only of a good idea of the project, but also of its founders:
- Alex was previously a Microsoft software engineer and was a development director for a distributed database company.
- Ilya was an employee at Google, worked on the development of Deep learning technology, which Google now uses in its text translation services.
Today, the core team of NEAR Protocol developers includes more than 50 high-class specialists from around the world.
Near Protocol uses the Proof-of-Stake (PoS) principle in its work and supports smart contracts. Also, in the course of its work, it interacts with Ethereum. This interaction is implemented through the Rainbow Bridge, through which NFTs and various tokens can be transferred.
NEAR Protocol Mining
Near uses a delegated Proof-of-Stake (PoS) blockchain with support for smart contracts. Which means Near cannot be mined, but it can be staked on your crypto wallet.
How to purchase NEAR Protocol?
You can buy Near, like almost any other cryptocurrency, on a crypto exchange or through a reliable crypto exchange such as Leoexchanger!
NEAR Protocol price dynamics (USD)
As of August 2022, 1 NEAR costs approximately $4.45. The total market capitalization is $3,483,119,312.
The price movement chart is shown below:
How to store the NEAR Protocol?
It is most reliable to store the Near cryptocurrency on your crypto wallet. It is important to know that not every crypto wallet is suitable for storing Near. You can use the official wallet of this cryptocurrency – Near Wallet. Also, work with this cryptocurrency is supported by such wallets as Math Wallet and Trust Wallet.
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