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NEAR Protocol

NEARUSD
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4.690\N

+0.110+2.40%
TradingKey Chart
Time
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30m
1h
4h
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W
M
D

Today

+2.40%

5 Days

-7.13%

1 Month

+152.15%

6 Months

+315.04%

Year to Date

+216.89%

1 Year

+62.28%

Key Data Points

Opening Price

4.660

Previous Closing Price

4.580
Price Range of the Day
4.5604.770
52-Week Price Range
0.8205.520
Recent
Analysis
More news coming soon, stay tuned...

NEAR Protocol Technical Analysis

1m
5m
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30m
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2h
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1m
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15m
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Technical Indicators

Sell

Summary

Neutral

Moving Average

Buy

About NEAR Protocol

NEAR Protocol is a third-generation blockchain designed for the development of decentralized applications (dApps). Created in 2017 by a team of blockchain technology experts, including Alexander Skidanov, Illia Polosukhin, and Erick Trautman, the NEAR Foundation aims to build a scalable, secure, and decentralized blockchain infrastructure. NEAR's main technical innovation is its "Nightshade Sharding" mechanism, which subdivides the blockchain into multiple independent sub-chains. This significantly improves the scalability, security, and decentralization of the network compared to traditional blockchains like Ethereum. Written in the Rust programming language, similar to Solana, the NEAR Protocol seeks to attract developers by offering grants and providing compatibility with the Ethereum Virtual Machine through the "Aurora" smart contract. This allows Ethereum developers to easily migrate their applications to the NEAR network, benefiting from improved performance and lower transaction fees. In March 2023, NEAR took a further step with the launch of its "Blockchain Operating System," allowing developers to easily integrate the NEAR Protocol into their products and users to interact with the ecosystem in a unified manner. With its innovative technology, decentralization ambitions, and active support for developers, the NEAR Protocol positions itself as one of the major players in the next generation of blockchains, competing directly with projects like Ethereum, Solana, and Cardano.

Who is building the NEAR Protocol?

Much of the early development of the NEAR Protocol and its tooling has been done by Pagoda (formerly NEAR Inc.), a US-based software research and development company. However, the NEAR Protocol is a decentralized, permissionless blockchain that is maintained and contributed to by various third-party entities, in addition to Pagoda.

How fast is NEAR Protocol?

The NEAR Protocol is designed to be highly scalable and efficient. It can process up to 100,000 transactions per second, which helps improve transaction speed and capacity compared to many other blockchain networks.

What is the maximum supply of NEAR?

The NEAR Protocol does not have a hard-capped maximum supply. The total supply of NEAR tokens is designed to be inflationary, with a targeted annual inflation rate of around 5%. This inflation is used to reward validators and incentivize ongoing network participation and growth.

NEAR Protocol

4.690
+0.110+2.40%
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