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NEAR Protocol

NEAR Protocol Price NEAR

CAD
C$1.32
C$0.015755 +1.21%
1D7D1M3M1Y YTD All

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NEAR Protocol Today's Price

The real-time price of NEAR Protocol today is C$1.32(NEAR/CAD), with a market capitalization of C$1.68B CAD. The 24-hour trading volume is C$213.98M CAD. The price of NEAR to CAD updates in real time. Over the past 24 hours, NEAR Protocol has changed by +1.21%, with a circulating supply of 1.29B.

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About NEAR Protocol

What Is NEAR Protocol?

NEAR Protocol is a smart contract capable, public Proof-of-Stake (PoS) blockchain that was conceptualized as a community-run cloud computing platform. Built by the NEAR Collective, NEAR was designed to host decentralized applications (dApps), and strives to compete with Ethereum and other leading smart contract-enabled blockchains like EOS and Polkadot. NEAR’s native token is also called NEAR, and is used to pay for transaction fees and storage. NEAR tokens can also be staked by token holders who participate in achieving network consensus as transaction validators.

NEAR Protocol is focused on creating a developer and user friendly platform. To accommodate this mission, NEAR has incorporated features like human-readable account names as opposed to only cryptographic wallet addresses, and the ability for new users to interact with dApps and smart contracts without requiring a wallet at all.

NEAR Protocol technology

As decentralized applications (dApps) have grown in popularity, the crypto community has faced an increasing scalability problem. In this context, scalability refers to a blockchain’s ability to handle a large number of transactions quickly and cost-effectively. Ethereum has faced particular challenges in this regard due to high demand for its usage. While some advocate scaling solutions built on top of Ethereum (Layer-2 solutions), projects like NEAR have opted to develop entirely new blockchains with different architectures.

The NEAR Protocol’s proposed solution to this problem is to implement sharding. Before explaining what this means, it is useful to identify the three main functions of blockchain nodes: processing transactions; communicating validated transactions and completed blocks to other nodes; and storing the state and history of the entire network. As network congestion increases, these tasks become increasingly demanding for the nodes.

Sharding reduces the computational load by splitting or partitioning the network into shards, or fragments. With this approach, nodes are not required to run all of the network’s code, only the code relevant to their shard. This enables shards to conduct computation in parallel, thereby scaling the network’s capacity as the number of nodes increases.

What Is NEAR Token?

You can pay transaction fees and use the NEAR token as collateral to store data on the blockchain. The NEAR token is rewarded to those who play an important role in the blockchain ecosystem, like those who validate transactions. On a yearly basis, validators receive rewards equal to 4.5% of the total NEAR supply per epoch.

A percentage of the transaction fees generated by smart contracts also go to the developers who created them. To increase the token’s scarcity, the leftover portion of each transaction fee is burned. To fund future ecosystem development, the NEAR protocol has set up a treasury that receives 0.5% of all NEAR tokens each year.

Non-fungible tokens (NFTs) and “wrapped” tokens from other chains are both supported by the NEAR protocol, which has built a bridge with Ethereum so that users can move their ERC-20 tokens over.

How to buy NEAR?

The easiest way to buy NEAR is through a crypto exchange like BTCC. BTCC makes purchasing NEAR easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you’re ready to dive in and make your first NEAR purchase, register with BTCC today.

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NEAR Protocol FAQ

Why is NEAR Protocol going up?

NEAR Protocol's price is increasing due to demand outstripping supply, driven by widespread adoption, positive news, and investor optimism. For in-depth analysis, visit our BTCC Academy.

 

Is NEAR Protocol a wise investment based on its price history?

NEAR Protocol(NEAR) has historically grown over time but is volatile. Investment decision should be made based on risk tolerance and long-term strategy.

When will NEAR Protocol crash again?

Predicting the exact timing of a NEAR Protocol crash is impossible, as the market is affected by a complex mix of global economics, regulation, and investor sentiment.

For a long-term investor, understanding this cyclical nature is more valuable than trying to time the next crash. Also visit the BTCC Academy section for technical and marketing information.

What was NEAR Protocol’s all-time low (ATL)?

The NEAR Protocol All-Time Low (ATL) price was 0.52596364, which was recorded on 2020-11-04 16:00. This stands as the lowest price for NEAR Protocol(NEAR) on record.

 

 

What was NEAR Protocol’s all-time high (ATH)?

The NEAR Protocol All-Time High (ATH) was C$27.72, which was recorded on 2022-01-16 22:10. This represents the highest price NEAR Protocol has ever reached. Please note that this is a historical record, and the live price fluctuates constantly. We recommend monitoring the live NEAR price for the most up-to-date information.

How many NEAR Protocol are there?

NEAR Protocol(NEAR) currently records a circulating supply of 1.29B, with its maximum supply capped at ∞.

 

What is the current market cap of NEAR Protocol(NEAR)?

The current market cap of NEAR Protocol(NEAR) is C$1.68B. A cryptocurrency's market cap refers to its total circulating supply multiplied by its current price.

What is NEAR Protocol's 24h trading volume?

NEAR Protocol's 24h trading volume is C$213.98M, representing the total value of all NEAR Protocol(NEAR) bought and sold across exchanges over the past 24 hours.

What is the current price of NEAR Protocol(NEAR)?

The current NEAR Protocol price is C$1.32. As the NEAR price fluctuates constantly, BTCC offers real-time NEAR to USD prices that can be accessed at the top of our crypto price page.

How to Buy NEAR Protocol: A Useful Guide?

NEAR Protocol can be purchased directly on BTCC using fiat currency or other cryptocurrencies. As a leading crypto futures exchange, BTCC offers over 350 futures contracts with flexible leverage of up to 500x, including NEARUSDT.

Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.