Convert NEAR to USD
List of cryptocurrencies and tokens supported by PassimPay crypto wallet. Secure storage for a variety of digital assets.
btcBitcoin
tonToncoin
ftnFasttoken
ltcLitecoin
busdBinance USD
ethEthereum
bchBitcoin Cash
zecZcash
dogeDogecoin
bnbBinance Coin
pepePepe
usdtTether
trxTron
usdcUSD Coin
xrpRipple
usddUSDD
notNotcoin
eosEOS
adaCardano
shibShiba Inu
dashDash
hftHashflow
dydxdYdX
linkChainlink
aaveAave
crvCurve DAO Token
achAlchemy
flokiFloki
maticPolygon
daiDainearNEAR Protocol
atomCosmos
twtTrust Wallet
dotPolkadot
avaxAvalanche
flowFlow
ksmKusama
bonkBonk
solSolana
dogsDogsWhat is the NEAR Protocol?
NEAR Protocol, or simply NEAR, is a first-level blockchain. The product was developed as a community-driven cloud computing platform. It solved some issues that didn't let the project compete with others: low transaction speeds, bad bandwidths, and poor interoperability.
Such solutions created an ideal environment for DApps and gave access to a user-friendly platform for both users and developers. The original NEAR feature is the use of human-readable addresses for accounts. In comparison, Ethereum and other cryptos use hard-to-read cryptographic addresses for the wallets.
Another feature is the introduction of out-of-the-box solutions for scaling problems. The system has got its consensus enforcement mechanism.
The developers called it Doomslug.
Additionally, let's introduce the NEAR Collective — a community dealing with source code updates and updating the current blockchain ecosystem. According to the project leaders, the main objective is to create a platform that guarantees valuable asset management security and high performance.
Several successful projects have been created based on this protocol. One example is the Flux project. This protocol allows developers to create markets based on assets, goods, and real-world events. Another example is Mintbase. It is a platform that provides the output of NFT.
What are the main features of NEAR
To increase the throughput, they use a special technology called Nightshade. It is an analog of sharding that allows separate sets of validators for better transaction processing. At the same time, it works with multiple chains concurrently. As a result, it leads to higher throughput efficiency for the blockchain.
In comparison to standard sharding, the technology produces part of the next sequential blockchain. The NEAR rate is up to 100,000 transactions per second. One-second block modulation allows completing transactions instantly. At the same time, the transaction fee is kept almost at zero level.
Another feature is the improved start-up process. This special modular component is for developers. This is useful for quickly-launching projects such as NFTs or popular token contracts.
Number of coins in circulation
The network launched in 2020 with 1 bln unique tokens. An additional 5% of the offering is issued yearly, allowing the network to maintain and incent payments. Users can use tokens to pay fees for data storage, transaction processing, running various validator nodes, and votes to manage the network. For example, the owners of these tokens vote for ways to allocate the network resources.
You can find NEAR on popular cryptocurrency exchanges, including Huobi, Binance, FTX, etc.
Where to store NEAR?
You can store NEAR in almost any crypto wallet. For personal storage, as well as for business purposes, it is better to use Passimpay. It's easy to use, offers outstanding features, and is anonymous, so it's accessible to everyone. More than that, on PassimPay you can convert NEAR into 45+ coins and withdraw them with low fees.