NEAR Protocol

NEAR Protocol is a scalable blockchain using sharding to support decentralized applications.

What Is NEAR Protocol (NEAR)? NEAR Protocol is a scalable Layer 1 blockchain that uses sharding technology to support fast, low-cost decentralized applications.

A developer-focused Layer 1 blockchain that uses Nightshade sharding. It divides the blockchain into smaller segments, allowing the network to scale capacity as more nodes join while maintaining high performance.

User-Friendly dApps: Used for staking to secure the network and for transaction fees on a platform built for highly scalable, mass-market consumer apps.

Sharded Scalability: Uses Nightshade sharding to scale. The token is used for staking and transaction fees, with a large portion of fees burned—making it potentially deflationary as usage grows.