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How to buy NEAR (NEAR)
What is NEAR (NEAR)?
NEAR protocol is a carbon-netural, proof-of-stake (PoS), layer 1 blockchain designed to be a scalable foundation for dApps and Web3 mass adoption.
The unique Nightshade sharding technology enables enhanced security and scalability with higher transaction throughput and lower fees. Beyond that, NEAR's Rainbow Bridge enables interoperability between chains, where users can transfer ERC-20 tokens easily from other blockchains to NEAR protocol and back. Lastly, developers interested in building or bridging their applications to NEAR protocol may use the protocol's layer 2 scaling solution, Aurora, to take advantage of Ethereum's network and NEAR protocol's low fees and high throughput.
The network token, NEAR, is used to pay transaction fees, run applications and pay for storage. Developers can earn 30% of fees from their contracts, and network participants can earn rewards for validating transactions.
NEAR FAQ
- Cryptocurrencies, such as NEAR, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
- Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as NEAR have been created as well.
- Check out our NEAR price prediction page to forecast future prices and determine your price targets.