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Q: What is NEAR Protocol?

NEAR is a Layer 1 blockchain focused on scalability, ease of use, and low-cost transactions for decentralized applications.

Q: How does NEAR achieve scalability?

NEAR uses Nightshade sharding, which splits the network into smaller parts (shards) to process transactions in parallel, increasing efficiency.

Q: What makes NEAR different from other blockchains?

NEAR prioritizes developer and user experience with human-readable account names, fast transactions, and low fees.

Q: What is the NEAR token used for?

The NEAR token is used for transaction fees, staking to secure the network, and governance participation.

Q: Can I build smart contracts on NEAR?

Yes, NEAR supports smart contracts written in Rust and AssemblyScript, allowing developers to create powerful dApps.

Q: How does NEAR support interoperability?

NEAR features a cross-chain bridge called Rainbow Bridge, enabling seamless asset transfers between NEAR and Ethereum.

Q: How can I start using NEAR?

You can create a NEAR wallet, explore dApps on the network, or develop your own applications using NEAR’s developer tools.

Q: What is NEAR staking?

NEAR staking is the process of delegating NEAR tokens to validators to help secure the network and earn rewards.

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Simply Staking > Crypto News > NEAR

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NEAR Protocol (NEAR)

NEAR Protocol is a high-performance, developer-friendly Layer 1 blockchain designed for scalability, usability, and low transaction costs. It utilizes sharding technology to enable fast and efficient decentralized application (dApp) development, making it an ideal platform for Web3 innovation.

APR --

Staking Block Explorer Official Website

Total Stake

Market Cap

3.19BUSD

Token Price

2.62 USD

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FAQs

What is NEAR Protocol?

How does NEAR achieve scalability?

What makes NEAR different from other blockchains?

What is the NEAR token used for?

Can I build smart contracts on NEAR?

How does NEAR support interoperability?

How can I start using NEAR?

What is NEAR staking?

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NEAR Related Articles

Featured How To

Featured Introductions

Featured Products

Staking Over 100K?

Contact us for personalised staking prices

Need To Buy Crypto To Stake?

Buy Crypto Here From Our Partner Binance

Terms and Conditions apply

FAQs

What is NEAR Protocol?

How does NEAR achieve scalability?

What makes NEAR different from other blockchains?

What is the NEAR token used for?

Can I build smart contracts on NEAR?

How does NEAR support interoperability?

How can I start using NEAR?

What is NEAR staking?

Stake Simply,Stake Now

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