Buy Near Protocol

Increasing blockchain adoption is a key goal of many blockchain platforms, and Near Protocol (NEAR) is no exception. However, Near Protocol has some unique features that set it apart. One of the key technologies Near Protocol uses is sharding. This technique splits the blockchain into several smaller pieces to process data faster and more efficiently. This makes it easier to develop, build, and deploy decentralized applications (dApps). Additionally, this process improves the scalability of the network and reduces transaction fees for users.

Near Protocol is also particularly well-suited for building dApps without requiring users to deal with complex technology. The technical challenges that are common to many other blockchain platforms are greatly reduced here. Near Protocol is designed to better connect blockchain technology and software development, with the ultimate goal of increasing blockchain adoption.

Near Protocol users can benefit from a variety of capabilities depending on their role in the ecosystem. Developers have access to a user-friendly environment that simplifies building, testing, and deploying dApps. The complex infrastructure of a traditional blockchain is absent, making this relatively new technology attractive to new users.

Who founded Near Protocol?

In 2017, Alexander Skidanov and Illia Polosukhin decided to build their own blockchain platform, which led to the creation of Near Protocol. The platform was launched a year later. Both Skidanov and Polosukhin have strong backgrounds in technology and software development. Skidanov worked at Microsoft for several years, where he became an expert in database systems and complex software infrastructures. Illia Polosukhin gained experience at Google, where he worked on artificial intelligence and search technologies. This experience gave him valuable knowledge in the field of advanced software solutions.

The Near platform offers a wide range of applications, such as NFT marketplaces for digital collectibles and innovative gaming applications with reward systems. In addition, Near Protocol offers users the following possibilities:

• Easily develop and deploy dApps: Deep technical knowledge is no longer required to develop and deploy dApps. With a user-friendly interface that is accessible even to beginners, users can easily participate in the ecosystem and make payments with ease.
• Participation in network management: NEAR allows users to actively participate in network management. This means that they can vote on proposals and thus influence the development of Near Protocol.
• Support for various programming languages: The platform supports various programming languages such as Rust and AssemblyScript, making it easy for developers to apply their skills on the platform.

Near Protocol uses sharding technology. This method divides the blockchain into smaller, manageable pieces known in the crypto world as 'shards'. The goal is to increase the efficiency and scalability of the blockchain.

Each shard efficiently processes a portion of transactions and smart contracts. The system can handle multiple tasks simultaneously without compromising on speed or security. This results in a very high transaction speed.

The applications that developers create on the NEAR platform are similar to traditional web applications, but with lower transaction costs, high processing speed and scalability. In addition, users benefit from the advantages of decentralization, such as improved security and transparency.

Unique consensus mechanism

Sharding is not the only thing that sets Near Protocol apart from its competitors. The platform is also known for its consensus mechanism, called ‘Nightshade’. This mechanism focuses on the security of the network, especially when processing a large number of transactions. Nightshade distributes the network load across several validators. These validators are responsible for confirming transactions and ensuring the security of the network.

The combination of sharding and Nightshade makes Near Protocol a robust and scalable platform suitable for both large and small decentralized applications.

The platform’s native token is called NEAR and is essential for various functions within the ecosystem. Users pay their transaction fees with NEAR and use the token to send digital currency. Executing smart contracts is also only possible with NEAR. In addition, validators, who are responsible for validating transactions and adding blocks, receive their reward in NEAR tokens. This increases the security of the blockchain network.

NEAR’s reward system is designed to encourage active participation in the network. This contributes to the stability and security of Near Protocol and makes the platform future-proof. In addition, the tokens play an important role in the governance of the platform. Holders of NEAR tokens have voting rights on proposals that relate to the future of the network, such as new features or protocol changes. This allows them to influence the current operation and future direction of the network.

Users can also stake their NEAR tokens across various DeFi protocols that are part of the ecosystem. This provides liquidity and allows participants to earn passive income through staking.

Usability is one of the most important pillars of Near Protocol. The team behind NEAR strives to make blockchain technology as efficient and accessible as possible for a wide audience. The following factors make Near Protocol unique:

• User experience is key: The platform is simple and accessible for both beginners and experienced users. This increases the adoption of blockchain technology and makes working with it more enjoyable. In addition, the low transaction fees for dApps and other digital projects contribute to this accessibility.
• Simplified dApp development: This platform requires little technical knowledge to develop dApps, making it attractive to a wide audience.
• Combination of sharding and Nightshade mechanism: Near Protocol uses sharding and the Nightshade mechanism to become one of the fastest and most scalable platforms. The network is currently capable of processing thousands of transactions per second, which is ideal for applications that want to scale quickly and securely.
• Fast transaction times: Near Protocol (NEAR) is estimated to be capable of processing up to 100,000 transactions per second, making it one of the fastest blockchain platforms.

You can buy Near Protocol (NEAR) at Bitvavo. Our platform is suitable for both novice and experienced traders. Follow these steps to buy NEAR via our website or mobile app:

1. Sign up or log in to your Bitvavo account.
2. Make a deposit by clicking "Deposit".
3. Visit the Near Protocol (NEAR) purchase page to view the current price.
4. Enter the amount in euros you want to invest or the number of NEAR tokens you want to purchase and click "Buy".

The price of NEAR tokens is directly linked to the current market value. After purchase, the NEAR tokens are automatically added to your Bitvavo account, where you can easily manage and trade them. This allows you to respond quickly and accurately to market movements and always follow the current value of your crypto coins. Keep a close eye on the news to stay informed of developments in the crypto market.

Keen to store your NEAR tokens safely? You can easily do so via your Bitvavo account. Our exchange stores the majority of customer funds in secure offline cold storage. Despite the strict security measures, it is wise to enable two-factor authentication (2FA) for extra security. This means that in addition to a password, you will have to enter an additional code when logging in.

Activating 2FA is easy. Simply download Google Authenticator and link the app to your Bitvavo account. The app then generates a code that you can use to log in. This code changes regularly to ensure maximum security. Want to send your NEAR coins from Bitvavo to another wallet? First verify the wallet address in your Bitvavo account.