Skip to main content

What is Near?

Near is a blockchain-based platform that enables developers to build and deploy decentralized applications (dApps) and smart contracts.

It is designed to be an open, permissionless, and secure platform for developers to create applications that are powered by the blockchain. Near is powered by a consensus algorithm called Nightshade, which is based on the Threshold Relay technology. This consensus algorithm allows for faster transaction times and improved scalability compared to other blockchains.

Near also has a native token called NEAR, which is used to pay for transaction fees on the network. The NEAR token can also be used as a store of value or as a medium of exchange between users on the network. The token can also be used to reward developers who contribute to the network through staking or running validator nodes.

Near's main goal is to make it easier for developers to build dApps that are secure, scalable, and cost-effective. It also aims to provide users with an easy-to-use interface that allows them to interact with dApps without having any prior knowledge of blockchain technology. Near's platform provides tools such as wallets, developer tools, and SDKs that make it easier for developers to create dApps quickly and efficiently.

AI created text. No guarantee for the correctness of the content.

Other interesting questions on the topic of NEAR Protocol