|NEAR Protocol (NEAR)||Buy NEAR Protocol Now|
|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|
|Change 7d||-0.12%||Market Cap||$1 426 107 516|
|Available supply||911 453 255 NEAR|
|Volume 24h||$40 814 976|
|Updated||Thursday, June 1, 2023 3:00:03PM UTC|
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.
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.
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.
|Date||Open, $||Min, $||Max, $||Market cap, $|
|May 23||1.61||1.61||1.67||1 493 059 126|
|May 24||1.64||1.56||1.64||1 431 489 266|
|May 25||1.57||1.55||1.58||1 419 170 079|
|May 26||1.56||1.54||1.60||1 438 132 454|
|May 27||1.58||1.58||1.64||1 488 664 179|
|May 28||1.64||1.63||1.68||1 524 777 131|
|May 29||1.67||1.63||1.67||1 487 732 437|
|May 30||1.63||1.61||1.64||1 471 852 058|
|May 31||1.61||1.55||1.62||1 422 308 533|
|Jun 01||1.57||1.54||1.57||1 426 107 516|
* 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.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||88%||10||$26 897.71||-0.57%||2.07%||$521 544 143 377|
|2||ETH||Ethereum predictions||94.4%||5||$1 860.48||-0.05%||3.44%||$223 714 819 656|
|3||USDT||Tether predictions||92%||1||$1.000026||-0.01%||0.03%||$83 224 498 225|
|4||BNB||Binance Coin predictions||94.8%||1||$304.67||-0.61%||-0.08%||$47 485 262 045|
|5||USDC||USD Coin predictions||92%||1||$0.999756||-0.01%||-0.01%||$28 847 127 885|
|6||XRP||XRP predictions||77.2%||37||$0.504250||-1.53%||11.90%||$26 212 632 900|
|7||ADA||Cardano predictions||92%||10||$0.364572||-2.55%||1.76%||$12 717 605 112|
|8||STETH||Lido stETH predictions||94%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|9||DOGE||Dogecoin predictions||89.2%||17||$0.071692||0.74%||1.81%||$10 007 347 652|
|10||MATIC||Polygon predictions||80%||35||$0.893847||0.39%||0.86%||$8 294 424 384|
|11||SOL||Solana predictions||80%||29||$20.71||0.55%||7.01%||$8 214 229 812|
|12||WTRX||Wrapped TRON predictions||80.8%||37||$0.074826||-0.77%||-3.49%||$7 608 018 393|
|13||LTC||Litecoin predictions||77.6%||37||$94.21||5.89%||10.62%||$6 881 721 612|
|14||TRX||TRON predictions||78.4%||33||$0.074853||-0.76%||-3.71%||$6 753 192 726|
|15||DOT||Polkadot predictions||87.2%||11||$5.23||-1.35%||-0.75%||$6 224 984 176|
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