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SoSo Daily May 9 | Coinbase acquires Deribit for 2.90 billion USD, betting on the future of the crypto derivatives market
SoSo Daily May 9 | Coinbase acquires Deribit for 2.90 billion USD, betting on the future of the crypto derivatives market
SoSo Daily May 9 | Coinbase acquires Deribit for 2.90 billion USD, betting on the future of the crypto derivatives market
SoSo Daily May 9 | Coinbase acquires Deribit for 2.90 billion USD, betting on the future of the crypto derivatives market
SoSo Daily May 9 | Coinbase acquires Deribit for 2.90 billion USD, betting on the future of the crypto derivatives market
SoSo Daily May 9 | Coinbase acquires Deribit for 2.90 billion USD, betting on the future of the crypto derivatives market
SoSo Daily May 9 | Coinbase acquires Deribit for 2.90 billion USD, betting on the future of the crypto derivatives market
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NEAR Protocol

NEAR

News
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NEAR AI Ecosystem - What Did You Ship This Week? #11 https://t.co/XLODrqsypt
$NEAR
NEARProtocol
10 hours ago
NEAR Protocol Town Hall - May 2025 https://t.co/jsKnYg1V29
#Layer1
$NEAR
NEARProtocol
13 hours ago
gmgm starting soon 🫡
$NEAR
NEARProtocol
13 hours ago
Crypto Roundup: Bitwise submits its application for the first NEAR ETF to the SEC; aims to mirror price movements of the token. Read more: https://t.co/HwDugCO12X #Crypto #CryptoNews #Bitwise #SEC #ETF #NEAR #Ethical_Token
#ETF
$NEAR
ethical_token
1 day ago
New Trends in Wall Street Crypto Assets: Bitwise and 21Shares Drive Altcoin ETF Development
#ETF
$NEAR
CryptoDaily
1 day ago
Bitwise has just submitted an application to establish a spot ETF fund for NEAR, positioning this token alongside major names like SOL, DOGE, and XRP. Details: https://t.co/RNj6nr94pW https://t.co/jljh2ph8Bq ![Image](https://static.sosovalue.com/sosovalue/2025/05/07/aeda0f8e-fb16-47b9-bc33-56798976caed.jpg)
#ETF
$NEAR
coin68
2 days ago
Bitwise submits S-1 for a spot NEAR ETF
#ETF
$NEAR
TheBlock__
2 days ago
Bitwise has filed a Form S-1 with the U.S. SEC to launch the Bitwise NEAR ETF, which will track the value of NEAR held by the trust, net of operating expenses and liabilities. https://t.co/dUCKFpx5i7
#ETF
$NEAR
WuBlockchain
2 days ago
Wu reported that Bitwise has submitted an S-1 filing with the U.S. Securities and Exchange Commission (SEC) to launch the Bitwise NEAR ETF, which aims to track the value of NEAR held by the trust, net of operating expenses and liabilities. The product will calculate its net asset value based on the NEAR price benchmark provided by CF Benchmarks and plans to be listed on an exchange, with the specific ticker symbol to be determined. https://t.co/WOANsaVHLp
#ETF
$NEAR
wublockchain12
2 days ago
NEWS FLASH: Bitwise has filed an S-1 registration for a $NEAR ETF, marking a significant step in its proposed asset trading strategy. - [PN]
#ETF
$NEAR
Assemble_io
2 days ago
Planet Early News: Central Bank Cuts Interest Rates and Reserve Requirements, Multiple Updates in the Crypto Industry at a Glance
#Bitcoin
$BTC
$MELANIA
$NEAR
Odaily
2 days ago
New Listings 🎉 We’re excited to announce the new listings of: ⚡️ Monero | $XMR ⚡️ NEAR Protocol | $NEAR ⚡️ Hyperliquid | $HYPE Start trading them now: https://t.co/HqKmJ9zLVM $DETF #RWA #crypto https://t.co/5oRv18x28w
$HYPE
$XMR
$NEAR
detf_official
2 days ago
Scalability = Sharding Sharding = NEAR
#Layer1
$NEAR
$DYM
NEARProtocol
2 days ago
Bitwise Submits Registration Application for NEAR Spot ETF
#ETF
$NEAR
The Block
2 days ago
https://t.co/zRCfBXsrOX
$NEAR
NEARProtocol
3 days ago
Heading to @HODLbyTrescon 2025, Dubai? Catch NEAR Foundation CFO David Norris as he shares insights to HODL onto when it comes to the future of user-owned AI. https://t.co/S3KMgSbOax
$NEAR
NEARFoundation
3 days ago
🚀 DeFi on the rise! Sui & NEAR show strong TVL growth at $1.73B and $150M. OKX DEX relaunches with enhanced security. 🇪🇺 The EU plans to ban anonymous crypto transactions by 2027, 🇬🇧 the UK eyes tighter regulations. BTC is under $95k. ETH remains at $1,800. #DeFi #Crypto #Blockchain https://t.co/ZofNVAvaxR
#DeFi
$NEAR
$OKB
$SUI
PEAKDEFI
3 days ago
Latest Performance of CoinDesk 20 Index: NEAR Coin Drops 7.4% Over the Weekend
$NEAR
CoinDesk
4 days ago
We’re creeping up on a billion $NEAR staked. $2.28M in AUM already locked in. Step up. Stake smarter. Stay NEAR the action. https://t.co/bGLEHyt9tb
#Layer1
$NEAR
nansen_ai
6 days ago
NEAR is the blockchain for AI.
$NEAR
NEARProtocol
6 days ago
NEAR ProtocolGoogle Search Trends
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NEAR ProtocolGitHub code submission status
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3,490
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239
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NEAR ProtocolTwitter weekly trends
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May-3-Apr-27
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3
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124.48K
41.49K
641.24K
106.87K
287.37K
41.05K
Like
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1.63K
542
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374
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499
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311
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240
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101

NEAR Protocol Basic
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NEAR Protocol Info

White paper
white paper
Website
near.org
Contracts
Etherscan:0x85...f6a4
Explorers
nearblocks.io
near.org
etherscan.io
ethplorer.io
Community
Twitter
Telegram
Reddit
Facebook
Discord
Youtube
Source code
github.com
Sector
Layer1
First issue time
Oct 14, 2020
Significant Events
  • Feb 5,2025
    The NEAR Foundation launches the NEAR AI Agent Fund.
  • Dec 29,2024
    NEAR Infrastructure Committee's 2025 Plan: Supporting chain abstraction infrastructure, investing in decentralized AI infrastructure, and more.
  • Dec 12,2024
    Near Protocol announces full compatibility with Ethereum wallet provider MetaMask.
  • Sep 2,2024
    NEAR shared its Q3 roadmap update, detailing ongoing and future protocol improvements.
  • Aug,2024
    Stateless validation was launched, marking a significant milestone in NEAR's development.
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NEAR Protocol Team

Alexander Skidanov
Co-Founder at NEAR Protocol
Illia Polosukhin
Co-founder at NEAR Protocol
Erik Trautman
Co-founder at NEAR Protocol
Kendall Cole
Head of Product at NEAR Protocol
Altan Tutar
Co-Founder & CEO at Nuffle Labs
Organizations
Near Blockchain
Discover, share and investigate everything about NEAR
Near Insider
Provide latest news, insight, on-chain and data analytics for Near ecosystem
Near Daily
Share Near daily news, guides and featured projects
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NEAR Protocol Intro

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.

NEAR Protocol was founded by Erik Trautman, an entrepreneur with experience on Wall Street and founder of Viking Education in 2017.

The biggest feature of NEAR Protocol is Nightshade technology, which can improve transaction throughput massively. It 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.

In August 2023, NEAR Protocol released its Q2 roadmap update, focus will shift to phase 2 of sharding, which includes both resharding the current mainnet state and turning off the requirement that block producers have to track all shards.

By 2024, NEAR Protocol continues to explore advanced Layer 2 solutions and strengthen partnerships with other blockchain projects, aiming to improve transaction processing efficiency and expand its ecosystem.

Above are only for introduction, not intended as investment advice.

NEAR Protocol Unlock & Allocation
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NEAR Protocol Timeline

Epoch Rewards 220.96M
Small And Large Backers 185.02M
Community Grants 133.97M
Core Contributors 109.01M
Community Sale 94M
Early Ecosystem 91M
Operation Grants 88.98M
Foundation Endowment 77.99M

NEAR Protocol Token unlock

Unlocked: 79.75%(99.22b)
Total Locked: 0.77%(957.96m)
Untracked: 19.48%(24.24b)

NEAR Protocol Token allocation

Epoch Rewards:22.10%(221.00m)
Small And Large Backers:18.50%(185.00m)
Community Grants:13.40%(134.00m)
Core Contributors:10.90%(109.00m)
Community Sale:9.40%(94.00m)
Early Ecosystem:9.10%(91.00m)
Operation Grants:8.90%(89.00m)
Foundation Endowment:7.80%(78.00m)

Q&A about NEAR Protocol Tokenomics

At the launch, the NEAR network will have 1 billion Ⓝ. Each Ⓝ is divisible into 1024yocto Ⓝ.

Ⓝ Issuance and inflation

NEAR Protocol’s issuance of tokens, or inflation, is necessary to pay network operators, also called Validators. There is fixed issuance around 5% of the total supply each year, 90% of which goes to Validators in exchange for computing, storage, and securing the transactions happening on the network.

As mentioned above, all transaction fees collected by the network get burned. Therefore, the issuance of Ⓝ is actually ~5% minus transaction fees. This means that, as the network grows in usage, issuance can become negative, introducing negative inflation in the protocol. Since the smallest unit of account for Ⓝ is yocto Ⓝ, the system can keep its exchange price resolution as small as infinitesimal fractions of the U.S. dollar, even with a reduction of the overall supply by two or three orders of magnitude.

avg # of tx/dayMin Ⓝ in fees/dayⓃ mint/dayAnnual inflation
1,0000.1136,9865.000%
10,0001136,9855.000%
100,00010136,9765.000%
1,000,000100136,8864.996%
10,000,0001,000135,9864.964%
100,000,00010,000126,9864.635%
1,000,000,000100,00036,9861.350%
1,500,000,000150,000-13,014-0.475%
2,000,000,000200,000-63,014-2.300%

Expected inflation per day given different number of tx

This table includes a few assumptions. But the main point is to show how inflation gets affected by usage.

Note that even though 1 billion transactions per day is a pretty large number for existing blockchains, that’s about ~11k tx per second of sustained load (also these tx are benchmarked as payment tx; more complex smart contract calls will require more gas and cost more).

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NEAR Protocol Price Live Data
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The live NEAR Protocol price today is $2.751 USD with a 24-hour trading volume of 289,190,420 USD. We update our NEAR Protocol to USD price in real-time. NEAR Protocol is +14.01% in the last 24 hours. The current SoSoValue marketcap ranking is # 36, with a live market cap of $ 3,331,249,313 USD. It has a circulating supply of 1,210,923,051 NEAR coins and a max supply of ∞ NEAR coins.
Learn more about NEAR Protocol

NEAR In-depth Report Generated by AI - For further details, please review:

https://alpha.sosovalue.xyz/trade/NEAR-USDT-BINANCE

1)What is NEAR?

NEAR Protocol is a layer 1 blockchain network designed for decentralized application development, often seen as a competitor to Ethereum. It stands out for its high transaction speed, aiming for up to 100,000 transactions per second, and employs a unique sharding technique called "state sharding" in its "Nightshade" technology to enhance speed and scalability. Operating on a proof-of-stake consensus mechanism, NEAR requires validators to stake tokens to participate in block validation, offering rewards in NEAR tokens. Although it shows potential with rapid growth in applications and investor interest, NEAR's market capitalization remains significantly lower than Ethereum and other major competitors like Solana and Polkadot. Emphasizing environmental responsibility, NEAR claims carbon neutrality and benefits from the eco-friendlier nature of proof-of-stake systems.

2)Which sector does NEAR belong to?

NEAR Protocol belongs to the Layer 1 blockchain sector, which is a foundational level of blockchain technology where blockchains like Ethereum, Solana, and Polkadot operate. The current situation and development prospects of this sector are dynamic and multifaceted:

  • Dominance of Ethereum: Ethereum remains the most widely adopted and developed Layer 1 blockchain as of 2023. It's seen as the leader in the next bull run, owing to a series of protocol-level developments, including the transition to proof-of-stake and the anticipation of further upgrades like the "Shanghai" upgrade and EIP-4844, which will enable proto-danksharding. These developments are driving greater adoption and capital into Ethereum, solidifying its position as a major player.
  • Innovation in Staking: Ethereum's shift to proof-of-stake has led to it becoming the largest staked capital base of any blockchain, with innovations like liquid staking and distributed validator technology. Projects like EigenLayer are expected to bring further innovation in this space, enhancing the utility and security of Ethereum's staking mechanism.
  • Growing Layer 2 Ecosystem: As Layer 1 protocols continue to evolve, Layer 2 solutions are becoming increasingly important for supporting consumer-friendly applications. These solutions address scale, user experience, confidentiality, and security, which are crucial for mass adoption of Web3 applications. In 2023, Layer 2s are expected to take a leading role in driving crypto adoption, especially for non-financial applications like social media, gaming, and metaverses.
  • Emergence of Decentralized Science (DeSci): Decentralized science is emerging as a major use case of Web3 and is set to transform fields like biotech. By leveraging open-source collaboration and decentralized fundraising, DeSci aims to align research outcomes more closely with the needs of patients and researchers, marking a significant shift from traditional, monopolistic innovation models.
  • Decline of Vaporware Blockchains: Some Layer 1 blockchains that have remained popular based on early hype, despite limited ecosystem development, are expected to lose their positions as top blockchains. This change reflects a shift in investor priorities towards blockchains with tangible development and utility.
  • Tech Crypto's Rising Utility: In 2023, there's an increasing focus on the utility of "tech crypto," marked by a shift from centralized to decentralized financial applications, and the rise of non-financial decentralized applications. This trend is expected to lay the groundwork for broader adoption of Web3 technologies and could potentially pave the way for the next bull market.

3)What is tokenomics of NEAR (includes allocation and supply schedule)?

Token NEAR was launched in Oct 2020. The initial supply is 1 billion, the current circulation is 1 billion, the circulation accounts for 100%, the market value is 1.8 billion US dollars, and the FDV is 1.8 billion US dollars. The token is currently close to its issuance price.

Token Allocation

The initial distribution of NEAR tokens was divided among several key areas:

  • Operations Grants: 11.40%
  • Early Ecosystem: 11.76%
  • Community Sale: 12.00%
  • Core Contributors: 14.00%
  • Community Grants, Programs: 17.20%
  • Foundation Endowment: 10.00%
  • Venture Round: 8.41%
  • Seed Round: 15.23%

Supply Schedule:

NEAR Protocol's initial token launch date was on October 13, 2020. The total supply of NEAR tokens is set at 1,000,000,000 (1 billion tokens), and the protocol follows an inflationary emission rate. This means that new tokens are continuously created over time, adding to the total supply. The specific details of the token release schedule over time, including the rate of inflation and the mechanisms governing new token creation, were not accessible during my search. For more detailed and current information on the token release schedule, it's recommended to consult NEAR Protocol's official resources.

4)What about the team and the investors of NEAR?

Team Behind NEAR

NEAR Protocol, initially a machine learning project, was transformed into a blockchain development platform by Illia Polosukhin and Alexander Skidanov. Both founders have impressive backgrounds: Illia Polosukhin contributed to TensorFlow at Google, while Alexander Skidanov was the lead engineer at MemSQL. Their exploration in program synthesis led them to the blockchain domain, and they started building NEAR Protocol in August 2018. The NEAR Collective, which includes over 50 scientists, programmers, and tech intellectuals, was instrumental in creating the platform’s initial code and continues to drive its development. The team runs the NEAR Foundation, a Swiss non-profit that sponsors the protocol's advancement.

Funding History

NEAR Protocol has attracted significant investment over its development. Notable funding rounds include a $21.6 million round in May 2020, a $150 million round in January 2022, and a $350 million round in a funding round led by Tiger Global in 2022. These funding rounds were aimed at accelerating the decentralization of the NEAR ecosystem and supporting its growth. High-profile investors such as Republic Capital, FTX Ventures, Hashed, Dragonfly Capital, ParaFi Capital, Blockchange Ventures, and MetaWeb.vc have participated in these rounds. The platform has also garnered attention from industry giants, with Ethereum’s CEO and co-founder Vitalik Buterin appreciating the technical achievements of NEAR Protocol.

5)What is the development history of NEAR?

Significant Milestones in NEAR's Development(updated to 2023)

1. Blockchain Operating System (BOS) Launch (March 2023): NEAR Protocol introduced the Blockchain Operating System to aid the transition from traditional web to decentralized web. The BOS is an open-source system that simplifies building and deploying decentralized applications across blockchains.

2. NEAR Horizon Launch (April 2023): NEAR Protocol launched NEAR Horizon at the Consensus event. It's an early-stage accelerator on the BOS, providing a marketplace for Web3 startups to develop projects on NEAR and other platforms.

3. Inaugural Election in the NEAR Ecosystem (September 2023): The NEAR Digital Collective (NDC) held its first elections, establishing a community-driven governance structure within the NEAR ecosystem. This initiative aims to enhance transparency and decentralization in decision-making processes on the NEAR platform.

6)What is the progress and future roadmap of it?

The core protocol team prioritized these based on a combination of: ecosystem-level strategy from NEAR Foundation and Pagoda; feedback from founders and builders; and user research on applications built on NEAR. Here is a quick breakdown of some of the items on the roadmap:

  • Meta Transactions. Meta transactions allow a third party to pay for the transaction cost of any account, which means that users can be onboarded to NEAR apps without having to get NEAR tokens first.
  • Zero-balance Account. Allow accounts with zero balance to exist to make it easy for applications and wallets to create accounts for new users.
  • Secp256r1 keys. Secp256r1 key support would allow iPhone users to have an implicit account onchain. This reduces the friction of onboarding to an even lower threshold than existing Web2 approaches. An iPhone user does not have to go through the process of creating an account through some wallet.
  • Global Storage. In the current paradigm, if a commonly used smart contract is deployed many times, the same amount of storage staking cost has to be paid every time it is deployed. As an example, every account that deploys a multisig contract today has to pay \~3N for storage cost even though the contract is exactly the same across all those accounts and isn’t consuming more physical storage on the implementation level. Global storage addresses the problem by allowing builders to burn tokens to deploy a contract once and then every account can use it without having to pay for the storage staking cost.
  • Running wasm in wasm. Today smart contracts deployed within Aurora interact with each other synchronously. The same can be done for native NEAR contracts if we allow dynamically loading and executing another smart contract within the execution of a smart contract.

7)List all important links related to NEAR

Official Website:

https://near.org/

Blog:

https://near.org/blog/

Tokenomics:

https://www.coingecko.com/en/coins/near-protocol

Development Milestones:

https://everstake.one/blog/key-milestones-in-the-near-ecosystem-for-2023

Future Roadmap:

https://near.org/blog/near-protocol-roadmap-2023-4-the-next-2-years-of-near%EF%BF%BC

8)Bullishness index for this token from the perspective of token valuation and future potential from Chatgpt 4

As of the latest available data, NEAR Protocol (NEAR) is valued at around $1.85, with a market capitalization of approximately $1.85 billion and a circulating supply of over 1 billion NEAR coins. This positions NEAR at rank #36 in the global cryptocurrency market. NEAR Protocol has experienced significant fluctuations in its value. Recently, it has seen a downward price trend, with a notable decline from its yearly high of $2.69 to around $1.85. Despite this correction, there are indicators of potential upward movement. The MACD indicator shows a bullish convergence, and the RSI is in a neutral zone, suggesting the possibility of price recovery. The future prospects of NEAR Protocol are a subject of various predictions and analyses. Some forecasts for the coming years are quite optimistic:

  • For 2023, the price is predicted to reach up to $2.23.
  • By 2026, the price might rise to approximately $7.82.
  • Projections for 2029 suggest a potential price of up to $25.38.
  • By 2032, NEAR could reach up to $79.66.

These predictions are reinforced by other sources, such as Coincodex and DigitalCoinPrice, which also indicate a bullish outlook for NEAR in the future, with potential substantial price increases projected over the next decade. NEAR Protocol's technical aspects contribute significantly to its prospects. It is a decentralized platform built on the proof-of-stake consensus model, designed to address limitations of existing blockchains. It offers improved transaction speeds, higher throughput, and enhanced interoperability, making it suitable for decentralized applications (DApps). NEAR Protocol uses innovative solutions like 'Doomslug' for block production and implements sharding to tackle scalability challenges. The founders of NEAR Protocol, Erik Trautman, Illia Polosukhin, and Alexander Skidanov, bring a diverse set of experiences in finance, machine learning, and computer science, contributing to the protocol's development and growth. From a tokenomics perspective, the NEAR token is used for transaction fees and data storage on the blockchain. The protocol employs a token reward system to incentivize stakeholders and supports a variety of tokens, including NFTs, adding to its versatility. Governance of the NEAR Protocol is overseen by the NEAR Foundation, a Switzerland-based non-profit dedicated to maintaining the protocol and guiding its governance. This structure is designed to support the protocol's aim to lead in the infrastructure for Web 3.0, distinguished by its developer and user-friendly features. Overall, while the recent market conditions have led to a decline in NEAR's value, the protocol's technical strengths, ongoing partnerships, and market forecasts suggest potential for growth and recovery in the future. However, it is important to note that cryptocurrency markets are highly volatile, and predictions should not be taken as guarantees of future performance.

NEAR Protocol
NEAR
#36
$2.751
+14.01%
Total dollar volume24H
$289,190,420
High24H
2.825 USDT
Low24H
2.396 USDT
Market Cap
#36$3,333,671,159
FDV
$3,438,957,648
Market Cap / FDV Ratio
0.97
Turnover rate
8.67%
Circulating supply
1,210,923,051
Total supply
1,249,167,326
Max supply
∞
All time high
20.597 USDT
All time high date
Jan 14, 2022
Down from All time high
-86.63%
Cycle low
0.971 USDT
Cycle low date
Oct 19, 2023
Up from cycle low
183.52%
Contracts
Etherscan:0x85...f6a4
Official links
Website
White paper
Socials
Twitter
Telegram
Reddit
Facebook
Discord
Youtube
Introduction

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.

NEAR Protocol was founded by Erik Trautman, an entrepreneur with experience on Wall Street and founder of Viking Education in 2017.

The biggest feature of NEAR Protocol is Nightshade technology, which can improve transaction throughput massively. It 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.

In August 2023, NEAR Protocol released its Q2 roadmap update, focus will shift to phase 2 of sharding, which includes both resharding the current mainnet state and turning off the requirement that block producers have to track all shards.

By 2024, NEAR Protocol continues to explore advanced Layer 2 solutions and strengthen partnerships with other blockchain projects, aiming to improve transaction processing efficiency and expand its ecosystem.

Above are only for introduction, not intended as investment advice.

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