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What is Near?
NEAR Protocol is a decentralized platform for application development. The platform was created to facilitate the development and usage of decentralized applications (dApps) and is built on blockchain technology.
NEAR Protocol utilizes sharding technology, which enables the network to process large volumes of transactions without compromising speed. This technology makes Near an ideal solution for building blockchain applications that can handle a significant number of users and complex operations.
One of the key features of NEAR Protocol is its focus on making blockchain interaction more user-friendly and accessible for both regular users and developers. The platform allows developers to create applications that look and behave similar to traditional web applications, with the same level of security and transparency provided by blockchain technology.
The NEAR token (NEAR) serves as the primary unit of digital asset on the platform. NEAR tokens are used for transaction payments, staking, voting, and other operations within the NEAR network.