About
Near Protocol (NEAR) is a decentralized, open-source blockchain platform that enables the development of decentralized applications (dApps) and decentralized finance (DeFi) solutions. Near Protocol is built on a novel consensus algorithm called Proof of Stake Voting (PoSV), which provides high scalability, security, and energy efficiency.
How Does it Work?
- Validator Nodes: Validator nodes are responsible for validating transactions and creating new blocks on the blockchain.
- Stakeholders: Stakeholders are individuals who hold NEAR tokens and participate in the validation process by staking their tokens.
- PoSV Consensus: The PoSV consensus algorithm uses a combination of random selection and voting to select validators for each block.
- Transaction Verification: Validators verify transactions on the blockchain, ensuring their validity and integrity.
| Coin Website: near.org | |
| Total Supply of Tokens: 1,200,966,151 NEAR | |
| Protocol: Near Protocol |
