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Near

  • Category: Smart Contract Platform
  • Coin Launched: April, 2020
  • Resources: White Paper
  • Official Website: Near
  • Reddit: Near
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About Near

NEAR is a sharded, developer-friendly, proof-of-stake public block chain, built by a world-class team that has built some of the world's only sharded databases at scale.

ledger wallet

NEAR History / Information / Buying / Staking

  • NEAR HISTORY

    Illia and Alex gathered a team of engineers and formally started building NEAR Protocol in August 2018. The founding vision for the NEAR platform was to offer developers an easy path to building decentralized applications that can scale to mass usage. To achieve these goals, NEAR adopted a Proof-of-Stake (PoS) mechanism to support transaction verification and block production. NEAR combines a horizontal scaling approach with a new consensus mechanism that splits the network into parallel shards and dynamically distributes the computation to increase the network's processing capacity. The network launched in April 2020, became community-operated in September 2020, and passed a vote to enable token transfers in October 2020.

  • HOW NEAR WORKS

    NEAR Protocol is a smart contract capable, public Proof-of-Stake (PoS) blockchain that was conceptualized as a community-run cloud computing platform. Built by the NEAR Collective, NEAR was designed to host decentralized applications (dApps), and strives to compete with Ethereum and other leading smart contract-enabled blockchains like EOS and Polkadot.

  • BENEFITS OF USING NEAR

    Some of the benefits of using Near are:

    FEES
    Gas fees are lower than that of Ethereum

    PROTOCOL
    The protocol supports the ability to receive a percentage of fees for transactions which pass through the smart contracts of the application.

    OPEN SOURCE AND DECENTRALIZED

    DEVELOPERS
    NEAR allows developers and other users to build, deploy, and manage DApps seamlessly

  • CAN YOU STAKE NEAR

    NEAR Protocol uses Proof-of-Stake (PoS) consensus to secure and validate transactions on the blockchain. The blockchain is run by a decentralized network of Validators, a community of operators who run the servers needed to keep the network operational. Validators earn NEAR Token rewards for producing new blocks in the form of a static inflation rate of 4.5% each year.
    Token holders who are not interested in being a Validator themselves can stake to a Validator’s staking pool and earn a portion of token rewards too. This incentivizes token holders to stay involved with the community and support Validators who are keeping the network running smoothly.

  • COINS SIMILAR TO NEAR

    Direct competition to Near which are considered similar coins are:
    EOS ETHEREUMPOLKADOT