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NEAR (Near Protocol)
Updated · 25 November 2021 · 11:14 AM
Project basic information
Issue Time:2020-08
Total Supply:1,000,000,000
Circulation :563,065,519
White paper:https://docs.near.org/docs/develop/basics/getting-started
Website:https://near.org/
Block Explorer:https://explorer.near.org/
Project Introduction
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.