, the network gets multiplied by dividing the
NEAR Protocol (NEAR)
NEAR Protocol (NEAR) an L1 blockchain forged to offer an intriguing platform that's a scalable and developer-friendly environment for creating dApps. NEAR’s consensus mechanism known as Thresholded Proof-of-Stake (TPoS), and the architecture is called as Nightshade, that flourishes NEAR to process a high volume of transaction.
It's unique property lies behind its protocol that utlizes a sharding method to skyrocket its performance. Precisely, the network gets multiplied by dividing the network into smaller networks known by the shards, which each handles a part of networks transaction simultaneously and the process known by Sharding.
In 2024, the price had showed some good amount of gains on the first quarter, but by the second and half completed third quarter the deterioration was massive. Now, the price has made an attempt to bounce after reforming an support on its earlier demand zone.
Where at press time, the price traded near $3.88, with market cap over $4 billion, precisely $4.305 Billion. In terms of market capitalisation it ranked 20th, and among the top 50 projects.
NEAR Protocol (NEAR) an L1 blockchain forged to offer an intriguing platform that's a scalable and developer-friendly environment for creating dApps. NEAR’s consensus mechanism known as Thresholded Proof-of-Stake (TPoS), and the architecture is called as Nightshade, that flourishes NEAR to process a high volume of transaction.
It's unique property lies behind its protocol that utlizes a sharding method to skyrocket its performance. Precisely, the network gets multiplied by dividing the network into smaller networks known by the shards, which each handles a part of networks transaction simultaneously and the process known by Sharding.
In 2024, the price had showed some good amount of gains on the first quarter, but by the second and half completed third quarter the deterioration was massive. Now, the price has made an attempt to bounce after reforming an support on its earlier demand zone.
Where at press time, the price traded near $3.88, with market cap over $4 billion, precisely $4.305 Billion. In terms of market capitalisation it ranked 20th, and among the top 50 projects.
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