NEAR Protocol NEAR
$7.9697 0.40%
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Updated at 20:18$8,585,991,351.32
#17
$697,190,883.82 8.04%
-$0.03217 0.40%
+$0.85551 10.73%
What about NEAR Protocol?
NEAR is a crypto protocol that enables developers to create secure, scalable, and easy-to-use decentralized applications. NEAR Protocol uses an election mechanism called thresholded proof-of-stake (TPoS). The blockchain utilizes Nightshade technology, a form of sharding, to achieve scalability and increase the network’s capacity.
The NEAR team is made up of experienced developers who worked for companies such as Google, Microsoft, and Facebook. NEAR is also backed by notable investors: Andreessen Horowitz, Polychain Capital, and MetaStable Capital. NEAR's mainnet launched in April 2020. NEAR has a supply of 1 billion NEAR coins and is consistently ranked within the top 50 cryptocurrencies by market capitalization.
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