I did buy Near tokens today. When asked why, I realized how strong the blockchain is and what the reason is behind it
What is Near token
Source
NEAR Protocol has its own native cryptocurrency called NEAR, which is used for various purposes within the NEAR ecosystem, such as:
1.Paying for transaction fees and other services on the NEAR network.
2.Staking to become a validator and earn rewards for securing the network.
3.Participating in governance decisions, such as protocol upgrades and parameter changes.
NEAR uses its own blockchain, which is designed to be highly scalable and secure. It uses a unique consensus mechanism called Nightshade, which allows the network to process up to 100,000 transactions per second while maintaining high levels of security and decentralization.
Smart contracts
Source
The NEAR blockchain also supports the development and deployment of smart contracts, which are self-executing programs that run on the blockchain. Smart contracts can be used to create decentralized applications (dApps) that run on the NEAR network.
Top technologies used
Developers can build and deploy dApps on NEAR using familiar programming languages such as Rust, AssemblyScript, and JavaScript. NEAR's development framework also includes a suite of tools and services to help developers build, test, and deploy their applications more easily.
Near
Overall, NEAR Protocol is a next-generation blockchain platform that aims to make it easier for developers to build and deploy decentralized applications at scale. Its native token, NEAR, is a key component of the NEAR ecosystem and is used for various purposes within the network.
