NEAR Protocol

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

NEAR Protocol is a scalable blockchain that uses sharding to support fast, low-cost decentralized applications with a focus on usability and developer experience.

A developer-friendly Layer 1 that uses "Nightshade" sharding. This technology splits the blockchain into smaller segments, allowing the network to scale its capacity linearly as more nodes join, maintaining high speeds as it grows.

User-Friendly dApps: Used to secure the network via staking and to pay for transactions on a platform designed for highly scalable, mass-market consumer applications.

Sharded Scalability: Uses "Nightshade" sharding to scale. The token is used for staking and to pay for transaction fees. Its model includes a 70% fee burn, making it potentially deflationary as network usage increases.