Near Protocol (NEAR) in 2023 is an innovative blockchain platform that aims to facilitate and democratize access to decentralized applications. With a focus on ease of use and performance, Near Protocol aspires to become a major player in the world of blockchain and cryptocurrencies. History, objectives, operations, future prospects: Discover our detailed analysis of this cryptocurrency and the specific features that set it apart from other projects on the market.
Near Protocol crypto is an open-source blockchain platform that aims to make decentralized applications (dApps) more accessible, efficient and secure. This blockchain has been designed to solve the scalability, cost and complexity issues faced by many other dApp platforms, such as Ethereum.
Near Protocol relies on a consensus mechanism called “Nightshade”, which enables it to achieve high performance while guaranteeing network security and decentralization. The platform’s native cryptocurrency, NEAR, is used to carry out transactions, deploy smart contracts and reward validators. Near Protocol emphasizes usability and accessibility for developers.
Viking Code School and Near Protocol’s founder is Erick Trautman, who created this crypto in 2018.
Near Protocol is divided into three distinct parts:
Thanks to its exclusive sharding protocol, the NEAR blockchain can handle up to 100,000 transactions per second. The development team has also perfected the Aurora protocol, which enables dApps developed on Ethereum to have full compatibility with NEAR and facilitate the exchange of tokens between different blockchains.
Binance
Binance
The story of Near Protocol began in 2017, when the idea germinated in the mind of Erik Trautman, former Wall Street entrepreneur and founder of the Viking Code School programming school. By the summer of 2017, an initial fundraising round of $12.1 million had been completed, with MetaStable Capital and Accomplice as key players.
Several key dates follow:
Even today, Near Protocol continues to establish strategic partnerships with other major players in the blockchain industry, such as Aurora, Octopus Network and Ethereum, to ensure interoperability between different blockchains and facilitate the adoption of dApps.
The Near Protocol was designed to address several issues encountered in the ecosystem of blockchains and decentralized applications (dApps). Indeed, many of the existing platforms were facing challenges in terms of scalability, cost and complexity for developers. It was against this backdrop that the Near Protocol was born, with the main aim of facilitating the development and adoption of dApps by making their creation more accessible, efficient and secure.
One of the key elements of the Near Protocol is its proprietary consensus mechanism, called Nightshade. This system ensures high performance, while guaranteeing network security and decentralization. Thanks to Nightshade, Near Protocol is able to process a large number of transactions per second, thus solving the scalability problems encountered by other blockchains.
At the same time, Near Protocol has been developed with particular attention to ergonomics and accessibility for developers. The platform’s ecosystem integrates several tools, such as NEAR University and NEAR Academy, which offer training and resources to help developers create dApps on the blockchain. These initiatives aim to reduce the complexity of developing decentralized applications and encourage their adoption by a wider audience.
Near Protocol is a decentralized cloud infrastructure that facilitates the deployment and execution of decentralized applications (dApps). It relies on a token, the NEAR, which enables the platform to function and the applications built on it to communicate with each other.
Near Protocol provides a censorship-resistant environment for smart contracts involving digital assets and identity data. The Near Protocol infrastructure is made up of nodes exploiting Proof of Stake (PoS) technology. Network players have a right of governance that enables them to participate in decisions to update the system.
The NEAR platform is designed to be used independently and without permission, with a set of integrated tools and implementations to facilitate its use by developers and end-users. These tools include:
Near Protocol adopts a sharding approach to solve scalability problems. The network is divided into several blockchains (shards) which communicate with each other to increase computing power. Also, the protocol uses an innovative approach called Nightshade to organize transactions into chunks (chunks) within blocks, enabling enhanced scalability and security.
The NEAR token has several key functions within the ecosystem:
This token is subject to inflation limited to 5% per year, with 90% of new tokens issued going to validators and 10% to the protocol treasury. In addition, 70% of transaction fees are burned (token burn), which could make NEAR a deflationary token in the long term.
Wondering how to buy Near Protocol and where to find this digital asset? The NEAR token is available on several reputable crypto-currency exchange platforms. Here we offer you three options for buying the NEAR token:
Binance is one of the world’s largest cryptocurrency exchange platforms in terms of trading volume. It offers a wide range of trading pairs for the NEAR token, and lets you exchange popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) for NEAR. Binance has the advantage of competitive transaction fees. To buy Near Protocol on Binance, simply create an account, deposit funds and place a buy order on the trading pair of your choice.
Binance
Binance
Based in the USA, and very popular with novice investors due to its ease of use and user-friendly interface, Coinbase also offers the buying and selling of Near tokens. The Near Protocol stock price can be easily consulted on the platform, and buying NEAR is just a few clicks away. Please note, however, that Coinbase’s transaction fees are generally higher than those of Binance and Kraken. If you’re prepared to pay a little more for ease of use, then Coinbase may be a good choice.
Coinbase
Coinbase
Kraken is another crypto exchange platform renowned for its wide range of trading pairs and competitive transaction fees. The platform is particularly appreciated for its security and responsive customer support. To find out where to buy Near Protocol on Kraken, simply create an account, deposit funds and place a buy order on the trading pair NEAR in EUR or NEAR price in USD, whichever you prefer.
Of these three options, Binance seems to us to be the best platform for buying the NEAR token. It not only offers a wide range of trading pairs and competitive transaction fees, but also high liquidity, facilitating fast and smooth transactions.
To find out about the Near Protocol value and follow the Near Protocol price trend, you can consult the real-time Near Protocol chart on the platforms mentioned above, as well as on other analysis sites such as CoinMarketCap.
Kraken
Kraken
Now: 35 Fear
Now: 35 Fear
Yesterday: 40 Fear
Last Week: 39 Fear
What about Near Protocol future? NEAR’s share price has grown exponentially since its launch in 2020, rising from an initial value of less than a dollar to around 15 dollars in early 2022, before falling back to around 2 dollars. This growth can be explained in part by the rapid development of the NEAR ecosystem and the support of a growing number of projects and decentralized applications (dApps) on its platform.
When it comes to Near Protocol crypto prediction, it’s difficult to make an accurate forecast of the NEAR price trend, as many factors can influence Near Protocol price to USD and also EUR. However, many analysts and industry experts remain optimistic about the future of this cryptocurrency, due to its technological potential and the growing adoption of the NEAR blockchain.
Near Protocol crypto forecast
Investing in Near Protocol may present interesting opportunities, given its technological potential and the growing adoption of its blockchain. Be careful, however, to understand the risks associated with investing in crypto and to consider the pros and cons listed above before making a decision.
Our final opinion on Near Protocol is based on an in-depth analysis of its technical features, ecosystem and long-term potential.
In our view, Near Protocol stands out among the many blockchains available on the market for several reasons. Firstly, Near Protocol’s innovative technology, based on sharding and Proof of Stake, solves the scalability and energy efficiency issues facing many blockchain projects. This progressive and sustainable approach is a major asset in a world that is increasingly aware of the environmental issues associated with the cryptocurrency industry.
Secondly, the Near Protocol platform is designed to be accessible, facilitating adoption by developers, businesses and end users alike. Thanks to this ease of use, we are convinced that Near Protocol could experience rapid growth, as more and more decentralized applications and projects choose this platform.
At the same time, Near Protocol benefits from a strong development team and a committed community. The success of a blockchain project depends largely on the quality of the people working on it, and we believe that the talents gathered around Near Protocol are more than equal to the project’s ambitions.
So, will Near Protocol recover? We firmly believe in its potential to become one of the main platforms for the next generation of dApps, and to bring significant innovation to a variety of sectors. But it’s important to remember that investing in cryptocurrencies always involves risks, so it’s essential to be well-informed and carefully weigh up the pros and cons before taking the plunge.
