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What is Near Protocol and how does it work?  By Cointelegraph




Near Protocol is a decentralized application platform (DApp) that focuses on usability between developers and users. As a competitor of , NearProtocol is also compatible with smart contracts and one proof of stake (PoS) blockchain.

Close uses partitioning technology to achieve scalability, a central aspect discussed later. The native token, NEAR, is used for transaction fees and storage on the Near crypto platform. The tokens can also be used for staking by NEAR token holders who want to become transaction validators and help build consensus on the network.

Sharing strategy

Focus on decentralization

User-friendliness approach

Governance

Better

NPunks

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