NEAR (Near Protocol)
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.