Near Protocol (NEAR) is a layer-1 blockchain designed to be fast, scalable, and user-friendly. It uses a unique sharding technology called Nightshade, which allows the network to process thousands of transactions per second with low fees. NEAR focuses on developer and user experience — wallets can use human-readable names instead of complex addresses, and apps are built to feel like Web2 platforms.
Its token NEAR is used for transaction fees, staking, and governance. The ecosystem is strong in DeFi, NFTs, and Web3 apps, and it positions itself as a competitor to Ethereum, Solana, and Avalanche.
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