near protocol

NEAR is a layer-1 blockchain network that is scalable and secured, with a focus on ease of useability. The Near Protocol is designed in such a way that both creators and developers can get empowered, who can earn 30% of the fees their contracts generate, and can earn rewards for validating transactions. The community exists to allow community-driven innovation to benefit people around the world. NEAR was established in the year 2017 and the company is based in San Francisco, California.

 

NEAR operates similarly to other centralised data storage systems. The network serves as the base layer on which applications are built. NEAR is operated and maintained by a distributed network of computers. The NEAR Protocol facilitates a similar architecture built around a network of computers and its native cryptocurrency, the NEAR token. The strong fundamentals of the network make it an ideal option for the creation of dApps.