Near Protocol is a decentralized application platform designed to make applications useful on the web.
The Near Protocol network runs on a Proof-of-Stake (PoS) mechanism called Nightshade that aims to offer scalability and stable charges.
What is NEAR Coin?
NEAR Coin is a token of the Near Protocl. The NEAR token economy was developed by the NEAR token, a unit of value on the platform that allows token holders to use applications within the NEAR network, influence network governance, and earn token rewards with network staking.
NEAR coin can work with the Ethereum blockchain. NEAR uses a shredding mechanism called Nightshade and a block generation mechanism Doomslug to process more than 100,000 transactions per second. Within the NEAR network, business fees are minimal and uses a special unit of measure called “yocto” to determine the amount.
NEAR is a devolved blockchain that uses fragmentation to better optimize performance.