NEAR Protocol is a platform for decentralized applications (dApps), with a focus on developer and user-friendliness.
What are dApps? —In contrast to centralized applications, decentralized applications run over a blockchain network of computers instead of relying on a single computer.
DApps have been growing in popularity, which has created a scalability problem for the crypto community. As used here, scalability means the blockchain’s ability to process a large number of transactions quickly and at an affordable transaction fee.
This is where the NEAR Protocol comes into the picture.
The NEAR Protocol is a developer-friendly proof-of-stake (POS) blockchain that incorporates a variety of innovative features to boost its scalability and cut costs for developers and end users.
NEAR is designed as a next-generation blockchain platform for dApps. To achieve this, it tackles a lot of issues in the blockchain space such as low throughput, low transaction speeds, unreadable wallet addresses and poor cross-compatibility.
It has it’s own native utility token with the same name — NEAR. Besides being used for for incentivizing nodes on the NEAR network, the token powers transactions and NEAR Smart Contracts as well.
NEAR has many advantages that make it ideal for providing such a great experience:
To get involved with dApps on the NEAR protocol, one has to get NEAR tokens.
The easiest way to get NEAR tokens is by buying it with MoonPay on wallet.near.org, or on cryptocurrency exchange platforms such as Binance, WazirX, Huobi and Gemini.
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