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NEAR Protocol (NEAR) Market Value, News

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What is NEAR Protocol?

NEAR Protocol is a layer-1 blockchain designed to be a community-run cloud computing platform. It aims to address the limitations of competing blockchains, such as slow transaction speeds, low throughput, and poor interoperability.

Some of the key features of NEAR Protocol include:

  • Scalability: NEAR Protocol can handle up to 100,000 transactions per second, enabling near-real-time transactions.
  • Usability: NEAR Protocol uses human-readable addresses, simplifying the account creation process compared to other blockchains.
  • Community-driven: NEAR Protocol is governed by its community of users and developers.

NEAR Protocol’s native token, NEAR, is used for transaction fees, staking, and governance.

Who is the Founder?

NEAR Protocol was founded in 2018 by Alex Skidanov, Illia Polosukhin, and Eric Cheng. The founders previously worked as engineers and researchers at Ethereum.


  • Scalability: It can process up to 100,000 transactions per second using technologies such as sharding and fragmentation.
  • Usability: It is a developer-friendly platform that offers low transaction fees to users.
  • Interoperability: It is a platform that can easily interact with other blockchains.
  • Efficiency: It uses the Proof-of-Stake (PoS) consensus mechanism for transaction validation.


  • Being a new platform, it has less adoption compared to more mature platforms like Ethereum.
  • It may not be accessible to beginners due to its complex technology.

How to Buy

NEAR can be purchased on popular cryptocurrency exchanges like Binance, Coinbase, and Huobi.

Technology Used

NEAR Protocol uses a sharding and fragmentation technology called Nightshade. This technology makes the blockchain network faster and more scalable by dividing it into smaller pieces.

How To Buy NEAR Protocol (NEAR)

Do you want to plunge into the world of cryptocurrencies and know where to buy How To What is NEAR Protocol? The largest exchanges currently trading with How To Buy What is NEAR Protocol are   Kucoin ,  Gate.io  Bitcoin and . You can find other exchanges that make listings.

About NEAR Protocol (NEAR)

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1 NEAR Protocol (NEAR) USDC (1 NEAR to USD//Coin) Exchange Calculator

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