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BTC$19 140.20

0.69%

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ETH$1 052.12

-0.25%

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USDT$0.999073

0%

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NEAR Protocol (NEAR) Price, Market Cap and Information


NEAR Protocol (NEAR) Buy NEAR Protocol Now
NEAR Protocol (NEAR) NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been
CVIX 83
Current price $3.24
Change 24h -0.02%
Change 7d -18.66%
Market Cap $2 357 193 756
Available supply 726 520 339 NEAR
Volume 24h $127 967 139
Updated Monday, July 4, 2022 9:00:03AM UTC
Nature Token
Mineable No
Discussion
WWW Website

NEAR Protocol price change 24 hours

NEAR Protocol Short Term Forecast

After Price Change
1 day $2.69 -16.96%

NEAR Protocol Price Predictions

NEAR Protocol General Information

General NEAR facts, technical details and NEAR Protocol Cryptocurrency information

NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”

NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”

Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.

Who Are the Founders of NEAR Protocol (NEAR)?

NEAR Protocol was founded by Erik Trautman, an entrepreneur with experience on Wall Street and founder of Viking Education. His co-founders were Illia Polosukhin, who has more than ten years of industry experience, including three years at Google, and Alexander Skidanov, a computer scientist that worked at Microsoft and went on to join memSQL, where he became the director of engineering. NEAR Protocol has an extensive team of experienced developers that includes several International Collegiate Programming Contest (ICPC) gold medalists and winners. The team claims to have people with experience of building some of the only real-world sharded systems at scale, a solution the protocol is pursuing to improve blockchain scalability.

What Makes NEAR Protocol (NEAR) Unique?

NEAR uses its Nightshade technology to improve transaction throughput massively. Nightshade is a variation of sharding, in which individual sets of validators process transactions in parallel across multiple sharded chains, improving the overall capacity of the blockchain. In contrast to “regular” sharding, shards in Nightshade produce a fraction of the next block, called “chunks.” In doing so, NEAR Protocol is able to achieve up to 100,000 transactions per second and achieve near-instant transaction finality thanks to a one-second block cadence while simultaneously keeping transaction fees at virtually zero.

NEAR Protocol also improves upon the convoluted onboarding process of other blockchains by having human-readable addresses and building decentralized applications with similar registration flow to what users have already experienced. Moreover, it provides developers with modular components, helping them start projects like token contracts or NFTs more quickly.

NEAR Protocol Historical Data – 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Jun 25 4.00 4.00 4.39 3 029 498 497
Jun 26 4.17 3.83 4.30 2 765 468 737
Jun 27 3.79 3.68 3.99 2 723 185 689
Jun 28 3.73 3.41 3.75 2 464 088 300
Jun 29 3.41 3.35 3.52 2 529 409 974
Jun 30 3.41 3.14 3.41 2 349 070 341
Jul 01 3.35 3.26 3.42 2 441 855 235
Jul 02 3.35 3.26 3.37 2 424 180 859
Jul 03 3.31 3.21 3.33 2 407 205 418
Jul 04 3.32 3.22 3.32 2 357 193 756

NEAR/USD Price Charts

NEAR to USD price chart – 7 days
NEAR to USD price chart – 30 days
NEAR to USD price chart – 60 days
NEAR to USD price chart – 6 months

* Crypto Rating accepts no liability for any errors in the NEAR Protocol information, NEAR Prices and NEAR's Market Cap. For the most up-to-date prices please visit the NEAR Protocol's official website.

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News, Promo

NEAR
NEAR developers to get seamless Web3 app deployment with Pocket Network

According to Pocket Network, the latest integration with NEAR allows native developers to deploy their applications on other supported blockchains, including Ethereum, Solana, Polygon and more...

17 May 2022
NEAR
Near Protocol raises $350M in new funding led by Tiger Global

Near Protocol, a relatively new layer 1 blockchain, announced on Wednesday that it secured a substantial $350 million in funding from top venture capitalists and investors...

08 Apr 2022

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