NEAR Protocol Price (NEAR)

NEAR is used within the NEAR Protocol ecosystem to pay for transaction fees and reward the validators. It's also used as collateral for storing data on the blockchain. You can check NEAR's price info on EXMON!

NEAR Protocol operates with a proof-of-stake (PoS) consensus model, combined with a sharding solution called Nightshade. Nightshade divides transactions into smaller chunks, which are processed independently by validator nodes. This helps improve scalability and transaction throughput, allowing the network to handle a larger volume of transactions efficiently.

NEAR Protocol was founded by Alexander Skidanov and Illia Polosukhin in 2018. Both co-founders have extensive backgrounds in technology and blockchain development, with Skidanov having experience at Google and Polosukhin working at major tech companies such as Google and Microsoft.

The maximum supply of NEAR Protocol is capped at 1 billion tokens. This fixed supply ensures scarcity, which could help to maintain or increase the value of the token as the ecosystem grows.

NEAR Protocol stands out due to its unique combination of Proof of Stake (PoS) consensus and sharding with Nightshade, which allows for efficient scalability. Its focus on usability makes it beginner-friendly, offering human-readable account names and the ability to interact with DApps without the need for a traditional wallet. This lowers the barrier to entry and helps developers deploy DApps at scale, making NEAR a standout choice for decentralized applications and the broader blockchain ecosystem.

NEAR can be easily purchased on EXMON using a debit or credit card. You can also trade NEAR for other cryptocurrencies on the EXMON exchange. Live NEAR price updates are available in real-time on EXMON. For more detailed instructions, check out our "How to Buy NEAR Protocol (NEAR)" guide.