API ID:
near
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Coin Overview
NEAR
Coin
1 Billion
Decentralized applications
April 2020
Near Protocol
Near Protocol (NEAR) is a blockchain built for speed, scalability, and user-friendly apps. It uses a unique design called “sharding,” which splits the network into parts so it can handle more activity. NEAR is used to pay for transactions, run smart contracts, and reward validators — making blockchain apps faster and easier to use.
A Deeper Dive
Technology & Use Case
Near is a proof-of-stake blockchain focused on usability and scalability. Its Nightshade sharding technology lets the chain process transactions in parallel, reducing congestion. Developers can build decentralized apps (dApps) with familiar programming languages, while users benefit from simple features like human-readable account names instead of long wallet addresses.
Origins & Team
Near Protocol was founded in 2018 by Illia Polosukhin (an AI researcher formerly with Google) and Alexander Skidanov (ex-MemSQL engineer). They started NEAR as a machine learning project before pivoting to blockchain when they saw the need for a scalable platform. The NEAR Foundation now supports ecosystem growth and development.
Ecosystem & Partnerships
NEAR hosts a growing ecosystem of DeFi, gaming, and NFT projects. It’s integrated with Aurora, an Ethereum-compatible layer built on NEAR, and partnered with projects like Sweat Economy and Circle (USDC stablecoin). Its grants and developer programs aim to make blockchain apps as seamless as Web2 apps, bridging mainstream adoption.
A Deeper Dive
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