You now can deposit, trade, and withdraw NEAR Protocol (NEAR) on the Blockchain.com Exchange.
NEAR is a layer one blockchain built with speed, scalability, and interoperability in mind. It aims to eliminate many of the limitations seen in other layer one blockchains and is designed to be extremely developer and user friendly.
These key features, along with an enormous $800 million ecosystem fund, have seen NEAR become one of the most popular blockchains across DeFi, NFTs, GameFi, the Metaverse, and broader Web3.
NEAR’s token is used for paying transaction fees on the network, running validator nodes via staking, and for governance voting.
As of today, trading is available for NEAR-USD with more trading pairs to follow.
Log in to the Blockchain.com Exchange and start trading NEAR today.
About NEAR Protocol (NEAR)
NEAR is a decentralized development platform that uses a Proof-of-Stake (PoS) consensus mechanism and will eventually feature a sharded architecture to scale transaction throughput. Its block generation scheme is called Doomslug and its proposed sharding design is dubbed Nightshade. These technologies will work together to scale the network and minimize congestion. NEAR has also been designed to be developer and user-friendly as it features a few key innovations to accelerate the application development and user-onboarding processes. The NEAR blockchain was created and developed by the NEAR Foundation. Its mainnet went live in April 2020, and network validators voted to unlock token transfers in October 2020. NEAR’s bridge to Ethereum (called the Rainbow Bridge) launched in March 2021. (Messari)
Digital currencies are not bank deposits, are not legal tender, and are not backed by the government. Blockchain Access UK Ltd’s products and services are not within the jurisdiction of the UK Financial Ombudsman Scheme, nor are they subject to the UK Financial Services Compensation Scheme, the US Federal Deposit Insurance Corporation or Securities Investor Protection Corporation, or any other non-UK or non-US governmental or government-backed protections.
Legislative and regulatory changes or actions in any jurisdiction in which Blockchain.com’s customers are located may adversely affect the use, transfer, exchange, and value of digital currencies.