NEAR Protocol is a decentralized application platform designed to make apps usable on the web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to offer scalability and stable fees.

NEAR is the native utility token that 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.
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Coin’s Details

  • Market Capitalization

    $558.7 M

  • Volume 24H

    $40.1 M

  • Blockchain

  • Circulating supply

    267 903 722

  • Total supply

    1 000 000 000

  • Proof type

    Proof of Stake (PoS)

  • Algorithm

    Delegated Proof of Stake (DPoS)

  • Team Location

  • First announced

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