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NEAR Protocol NEAR |
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$5.2 |
0.47 % (24h) |
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Marketcap |
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$6,111,868,943 |
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Volume 24h |
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$254,210,971 |
Description
NEAR Protocol (NEAR) is a scalable, developer-friendly blockchain platform designed to support decentralized applications (dApps) and create an open web. Launched in 2020, NEAR uses a unique consensus mechanism called Nightshade, which allows for fast, low-cost transactions and dynamic scalability. NEAR, the platform's native token, is used for transaction fees, staking, and governance. NEAR Protocol focuses on usability, aiming to make blockchain technology accessible to developers and users with little or no experience in the space.