NEAR Coin: A scalable and user-friendly blockchain platform
NEAR Coin is the native token of the NEAR protocol, a blockchain platform designed to provide scalable A blockchain platform with a secure and user-friendly experience. The protocol adopts unique sharding technology and consensus mechanism to solve the scalability and availability challenges faced in the blockchain field. The purpose of the NEAR protocol is to build a blockchain platform that is easier to develop and use, thereby providing a better experience for developers and users. Through NEAR coins, users can participate in network governance, pay transaction fees, and participate in other activities in the ecosystem. NEAR protocol
How NEAR coins work
The NEAR protocol uses sharding technology to divide the blockchain network into multiple smaller shards. Each shard is responsible for processing a different set of transactions, which helps the network handle a large number of transactions at the same time, improving overall scalability.
The NEAR protocol also uses a unique consensus mechanism called Nightshade, which is a mechanism based on Delegated Proof of Stake (DPoS) that allows a group of validators to verify transactions and reach consensus. This mechanism effectively improves the throughput and efficiency of the network by optimizing the verification process.
Use of NEAR Coin
NEAR Coin plays a vital role in the NEAR protocol ecosystem:
Advantages of NEAR Coin
NEAR Coin provides the following advantages:
As the adoption of the NEAR protocol continues to increase in areas such as decentralized applications, games, and finance, NEAR Coin is expected to become an important cryptocurrency that provides users with scalable, user-friendly, and Secure blockchain experience.
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