What is NEAR?

_{What is NEAR Protocol (NEAR)?}

NEAR Protocol is a decentralized application platform designed to make apps work on the web.
The network will run on a Proof-of-Stake (PoS) mechanism called Nightshade Sharding.
It is the division of information into individual sections and each part is sent to different computers for storage.
Being a member of the blockchain network eliminates scalability issues

_{Blockchain nativo:}

Near or Near Protocol runs on its own blockchain that is designed for high stability.
And it has the ability to process transactions faster than previous blockchains.

_{Protokola Konsensus:}

NEAR's consensus system is called the NEAR Protocol, which at its core is the Proof-of-Stake (PoS) system.
In addition, the characteristics of PoW to some extent make it a reliable capability in terms of speed, decentralization and security.

_{Trilemma (Security, Speed, Scalability):}

Seguridad: NEAR Protocol provides security to the system and users at a standard level.
It can cope with attacks from ill-wishers, even when the entire system is not fully operational or there are mismatched data.

snelheid: In the matter of speed, NEAR states that its chain can only complete a transaction within a second of a second.
It can only handle 1000 transactions per second

Scalabilità: One of the great features of NEAR is the subject of dividing the data into several parts.
And send each part to different computers.
Makes transactions possible quickly and without scalability issues

_{Founder/Date Founded:}

NEAR Protocol is the work of developers named Alex Skidanov and Illia Polosukhin.
Both of whom had extensive experience in programming, the two met while Skidanov worked at Y Combinator.
It is a US startup company and in July 2018 it started working on a project focused on developers being able to create.
And the software has been released with less controversy. The project has become the current NEAR Protocol, and has more than 40 employees.
Includes experienced developers at Google and MemSQL

_{Objective/Use Case:}

NEAR Protocol was developed to allow users in general to easily access and implement blockchain technology.
And one of the most important features of the transaction is that it breaks the transaction into parts.
to the different computers that are members of the blockchain network‍

_{Total supply/Limit or Unlimited:}

NEAR Protocol launched a mainnet on April 22, 2020, with $1 billion in NEAR tokens.
Created from scratch, an additional 5% of the supply is made every year to support the network, with a reward each year.
Of which 90% goes to the validator (4.5% in total) and 10% to the protocol treasury (0.5% in total).
30% of the transaction fee will be paid as a refund to the contract associated with the transaction, while the remaining 70% will be burned.

_{Supply Deflation:}

NEAR Protocol has a token value control system with a fixed setting of the NEAR Protocol that is used in various types of transactions.
Let them be burned. This will cause the total number of coins to decrease steadily according to the usage of the blockchain.

_Source:

‍Near Protocol whitepaper
Medium/Near
near.org/blog
CoinMarketCap/NearProtocol
near.org

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