NEAR Protocol (NEAR)

NEAR Protocol (NEAR) is an open source Ethereum-like decentralized application platform created to make blockchain applications easier to develop, deploy and use. It was founded in 2018 by Alexander Skidanov and Illia Polosukhin, two former Ethereum developers. NEAR is a sharded proof-of-stake (PoS) blockchain with a Virtual Machine (VM) and decentralized storage layer. Being a PoS blockchain, it allows token holders to validate transactions with their stake in the network, while being sharded ensures scalability and faster transaction speed. The decentralized storage layer allows data storage without compromising on privacy, scalability and security. What makes NEAR Protocol unique? Unlike other blockchains, NEAR Protocol came with a call for real-world applications. Furthermore, it provides cross-chain interoperability with Ethereum, making it the first platform to do so. This allows decentralized applications to share a unified data layer between the platforms, increasing their liquidity and ability to share information. NEAR Protocol also comes with a new programming language (called Move) specifically designed for the development of smart contracts and applications. This language has enhanced contract safety and runtime performance as compared to traditional smart contract languages like Ethereum’s Solidity. Where does it used? NEAR Protocol is a public blockchain, with applications ranging from decentralized finance (DeFi) to gaming, music, art and so on. It is fast becoming a popular platform for developers looking to create decentralized applications, and several projects may be launched on it soon. Where to buy/sell NEAR? NEAR Protocol has been listed on several exchanges and can be bought/sold through those platforms. Some of the most popular exchanges include Binance, Huobi, FTX, Gate.io and Kraken. It can also be bought/sold through decentralized exchanges like Uniswap.