NEAR Protocol chain
Overview
NEAR Protocol is a layer-1 blockchain employing a sharded proof-of-stake consensus mechanism called Nightshade. It aims to provide scalable and user-friendly infrastructure for decentralized applications, featuring human-readable account IDs and WebAssembly-based smart contracts.
Within the DeFi Intel graph, NEAR Protocol connects to 17 tracked entities, most strongly to Illia Polosukhin, NEAR AI, USD Coin.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 17 total).
| Relation | Connected entity | Confidence |
|---|---|---|
founded | Illia Polosukhin | 95% |
built_on | NEAR AI | 92% |
deployed_on | USD Coin | 85% |
deployed_on | Tether USD | 85% |
deployed_on | Portal | 85% |
deployed_on | Binance USD | 85% |
deployed_on | Portal | 85% |
deployed_on | Agora Dollar | 85% |
deployed_on | OpenOcean | 85% |
deployed_on | Stader | 85% |
Frequently asked questions
What is NEAR Protocol?
NEAR Protocol is a decentralized application platform designed for usability and scalability, using sharding to process transactions in parallel.
How does NEAR achieve scalability?
NEAR uses a sharding mechanism called Nightshade, where the network is divided into multiple shards that process transactions in parallel, allowing horizontal scaling.
What is the native token used for?
The NEAR token is used for transaction fees, staking to secure the network, and as a unit of account within the ecosystem.
What is NEAR Protocol connected to?
In the DeFi Intel knowledge graph, NEAR Protocol is linked to 17 other tracked entities, most strongly to Illia Polosukhin, NEAR AI, USD Coin.
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