NEAR Protocol is a smart contract capable, Proof-of-Stake (PoS) blockchain designed as a community-run cloud computing platform and host for decentralised applications (dApps). NEAR’s native token is also called NEAR, and is used to pay for transaction fees and storage.
Market cap$0 0.00%
Circulating supply0 NEAR
NEAR Protocol’s mission is to “make crypto and blockchain effortless to understand and use”. To help achieve this, they’ve incorporated features like human-readable account names and the ability for new users to interact with dApps and smart contracts without requiring a wallet at all.
NEAR Protocol is a scalable smart contract platform that supports decentralised applications of almost any kind. Developers who create smart contracts receive a portion of the transaction fees that their contracts generate. The remainder of each transaction fee is burned, increasing the scarcity of the NEAR token.
NEAR token holders can delegate their tokens to earn rewards. By staking your tokens, you help to secure the network and earn rewards. When you delegate your tokens, you are depositing your token with a specific staking pool that has been deployed by a validator. The amount of staking rewards you can earn is proportionate to the total amount of tokens staked to the network.
The NEAR governance protocol is unique as resource distribution is not handled by the platform’s Decentralised Autonomous Organisation. Instead, the NEAR Foundation is entrusted with this obligation. The non-profit organisation is in charge of protocol maintenance, ecosystem funding, and protocol governance. NEAR has a dedicated governance forum for community input.
Visit Travala.com and search for a hotel, home, flight, or other travel product by entering your destination and dates.
Select your desired choice from the available options.
Enter the required traveller details.
Select Crypto as your payment method, then select NEAR.
Click Complete Reservation. In your NEAR wallet, input the generated address by scanning the provided QR code or by copying the text. Ensure that the exact NEAR amount is entered and send the payment.
Click Payment sent. Your transaction will be processed and you will receive a confirmation email once your voucher or e-ticket is available.
Store your NEAR securely with the following wallets:
The NEAR Protocol is designed to provide the ideal environment for dApps by overcoming the typically low throughput, low speeds, and poor cross-compatibility of competing systems.