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NEAR (Near Protocol)
Updated · 25 November 2021 · 11:14 AM
Project basic information
NEAR Protocol is a decentralized platform designed to create Internet applications. The network operates on a Proof-of-Stake consensus mechanism called Nightshade, which aims to ensure scalability and stable commission.
NEAR is a native service token that is used for:
Fees for transaction processing and data storage.
Launching validator nodes in the network by stacking NEAR tokens.
Voting on network management, for example, to determine how to allocate network resources.