What is NEAR Protocol (NEAR)? | NEAR Protocol Explained in Under 60 Seconds

NEAR Protocol is a secure, open source, decentralized application (DApp) platform that provides users with an infrastructure for the decentralized web.

The NEAR platform is powered by its native token NEAR. Used for transaction fees, staking to run validator nodes, and for governance of the NEAR network.

▶ Search All Crypto Tokens (Name or Symbol) ▶ https://cryptodefirevolution.com/

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With a scalable & secure blockchain, NEAR enables the development & mainstream adoption of Decentralized Applications (DAPPs), making the open web accessible to all users.

NEAR allows developers to host serverless applications and smart contracts that can connect to an ‘open web’ ecosystem using a variety of platform tools.

The NEAR platform uses sharding to automatically expand capacity, allowing applications to be seamlessly scaled without any additional costs or effort.

NEAR is built on the Nightshade sharding design, which eliminates the state validity & data availability problems that may occur with sharding.

WEBSITE: https://near.org/