What is NEAR coin? Introduction to the NEAR coin issue price, total volume and white paper

NEAR, a PoS blockchain platform optimized for scalability, aims to deliver a developer-friendly and efficient environment for building decentralized applications with Nightshade Sharding and Wasm Smart Contracts.

Oct 09, 2024 at 06:30 am

What is NEAR Coin?

NEAR is a Proof-of-Stake (PoS) blockchain platform focused on scalability, security, and usability. It aims to provide a fast, secure, and developer-friendly platform for building decentralized applications.

Key Features of NEAR:

Nightshade Sharding: A novel sharding mechanism that enables high transaction throughput without compromising security.
Simple Account Model: Provides human-readable account names instead of complex public keys.
Wasm Smart Contracts: Supports smart contracts written in WebAssembly (Wasm), making it accessible to a wide range of developers.

NEAR Coin Issuance

Issue Price: NEAR was initially issued at $0.000259 on April 11, 2020.
Total Supply: The total supply of NEAR is 1 billion coins.
Distribution: NEAR coins were distributed through a series of token sales and airdrops.

NEAR White Paper

The NEAR white paper was published in September 2018 by NEAR Inc., a non-profit organization that supports the development of the NEAR platform. It outlines the technical specifications, design, and vision of the NEAR blockchain.

Conclusion

NEAR is a promising blockchain platform that offers a combination of scalability, security, and user-friendliness. The NEAR coin is the native cryptocurrency used on the platform, and its value is expected to fluctuate based on the demand for the network.

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