NEAR Protocol NEAR
Cryptocurrency · Layer 1 · Proof of Stake (PoS) · launched in 2020
№17of 40 004
- $2.49
- Price +4.31%
- $5.89 billion
- Capitalization
- $823.62 million
- Volume over 24 hours
- 0.22%
- Dominance
About the coin
- Circulating supply
- 1.31 billion NEAR
- Total supply
- 1.31 billion NEAR
- Maximum supply
- Unlimited
- Fully diluted capitalization
- $5.89 billion
- 24h high
- $2.65
- 24h low
- $2.38
NEAR Protocol (NEAR) is a high-performance decentralized blockchain launched in 2020 to create a user-friendly environment for decentralized applications (dApps). The network's key feature is the unique Nightshade dynamic sharding technology, which divides the blockchain into parts. This enables processing millions of transactions per second with minimal fees.
The platform prioritizes simplicity: wallet addresses use human-readable names (e.g., user.near) instead of complex hashes. Security is maintained through the Proof of Stake (PoS) algorithm. The native NEAR token is used for paying fees, staking, and project governance through DAO mechanisms.
Additional information
FAQ
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NEAR Protocol is a decentralized Layer 1 blockchain designed to host and run decentralized applications (dApps). Its main goal is to make blockchain technologies fast, scalable, and as simple as possible for both developers and ordinary users unfamiliar with cryptocurrencies.
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High speed and low fees in the network are provided by the unique Nightshade dynamic sharding technology. It divides the blockchain into separate computational parts (shards) that process transactions in parallel. This allows the network to scale infinitely as load increases.
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Unlike other blockchains with complex wallet addresses (e.g., long strings of random characters), NEAR natively supports readable names (e.g., alice.near). The authorization process in Web3 applications here resembles the familiar login through social networks.
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The native NEAR coin is used in the ecosystem for three key purposes: paying fees for network transactions and data storage, participating in staking to ensure network security by validators, and decentralized voting on project development matters (DAO).
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NEAR Protocol operates on an energy-efficient Proof of Stake (PoS) consensus algorithm. Validators and delegators lock their NEAR tokens in staking to gain the right to verify transactions and create new blocks. In return for protecting the network, they receive regular rewards in newly issued coins.
Legal status of crypto assets in Uzbekistan
This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.
- Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
- Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
- The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
- Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
- Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.
The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at .