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NEAR Price
$3.50226
-4.71%
24H Price Chart
Market Cap
$2.53B
24H Volume
$249.01M
Circ Supply
722.56M
Table of Contents
Sectors

Source: NEARUSD Chart by TradingView

What is NEAR Protocol?

NEAR is a decentralized development platform built on top of the NEAR Protocol, which is a public, sharded, developer-friendly blockchain. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to offer scalability and stable fees.

The NEAR token (aka $NEAR) is a utility token which powers the NEAR Protocol blockchain and all applications which use it. It is used for:

  • Fees for processing transactions and storing data.
  • Running validator nodes on the network via staking NEAR tokens.
  • Used for governance votes to determine how network resources are allocated.

NEAR tools include:

  • NEAR SDKs which includes standard data structures and testing tools for Rust and AssemblyScript.
  • Gitpod for NEAR to create a zero time onboarding experience for developers.
  • NEAR Wallet that lets application developers create streamlined user experiences.
  • NEAR Explorer to aid with both debugging of contracts and the understanding of network performance.
  • NEAR Command Line Tools to allow developers to deploy applications from local environments.

NEAR Protocol Technology

Consensus Proof of Stake (PoS)

Simetri NEAR Report

NEAR Network & Signals

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