Market Cap
$6,113,939,947.0
Fully Diluted Valuation
$6,411,042,913.9
24 Hour Trading Vol
$318,068,377.0
Circulating Supply
1,175,091,254.0
Total Supply
1,230,526,471.0
Max Supply
∞
NEAR Protocol Price
$5.21
24h Range
$4.87 - $5.33
Percent Change 1h
1.23%
Percent Change 24h
6.73%
Percent Change 7d
4.29%
All-time high
$20.44
All-time low
$0.527
1D
7D
1M
1Y
NEAR Protocol is a decentralized application platform designed to provide a user-friendly environment for developers to build and deploy applications. Launched in 2020, NEAR aims to improve the scalability and usability of blockchain technology, making it accessible to a broader audience. The protocol utilizes a unique consensus mechanism called Nightshade, which allows it to process thousands of transactions per second (TPS) efficiently. NEAR’s architecture is built on a sharded blockchain, meaning it divides the network into smaller pieces to enhance performance and scalability. This enables NEAR to offer fast and low-cost transactions, which are crucial for real-world applications.
NEAR Protocol was co-founded by Alexander Skidanov and Illia Polosukhin. Alexander Skidanov is a former engineer at Microsoft and has a rich background in software engineering and system design. Illia Polosukhin has experience working at Google and has a strong foundation in machine learning and distributed systems. Together, they assembled a talented team of developers and advisors to create NEAR Protocol, focusing on making blockchain technology more approachable for developers and users alike.
NEAR Protocol operates on a sharded architecture, which allows it to scale efficiently. Each shard can process transactions independently, resulting in a significant increase in the overall throughput of the network. The Nightshade consensus mechanism is a variant of Proof-of-Stake (PoS), where validators are selected based on the amount of NEAR tokens they hold and are willing to stake. This mechanism ensures security and decentralization while maintaining high transaction speeds.
Smart contracts on NEAR are written in popular programming languages like Rust and AssemblyScript, enabling developers to leverage their existing skills. NEAR also features a unique account model that allows users to create human-readable accounts instead of complex wallet addresses, enhancing user experience. The platform supports a variety of decentralized applications (DApps), ranging from DeFi to gaming and NFTs.
NEAR Protocol supports a variety of use cases:
To ensure the safety of your NEAR Protocol assets, consider the following best practices:
Investing in NEAR Protocol (NEAR) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy NEAR Protocol: Once your account is funded, you can purchase NEAR Protocol directly from the exchange. Choose the desired amount and complete the transaction.
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NEAR Protocol (NEAR) is currently trading at $5.21 and exhibits good potential for future growth. Check the latest NEAR Protocol (NEAR) price prediction.
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