What are the Usage Areas of NEAR Coin?
Posted: Sun Apr 06, 2025 9:17 am
The platform aims to improve user experience by using “human-friendly” account names. For example, readable account names like “alice.near” can be used instead of complex alphanumeric addresses. Additionally, NEAR’s programming model allows developers to create dApps (decentralized applications) more easily and quickly.
NEAR coin has various roles in the NEAR special lead ecosystem. As a smart contract platform, I need to emphasize before we get to its advanced technical features to be able to develop applications on it.
Fees for transactions made on the network are paid in NEAR.
Token holders can stake their NEARs to contribute to the security of the network and earn rewards.
NEAR holders can participate in decision-making about the future of the network.
Developers use NEAR coins to build and run dApps on NEAR.
Specifications and Performance
NEAR Protocol claims to be capable of processing around 100,000 transactions per second (TPS), which is a much higher transaction speed than other popular blockchains like Ethereum. Additionally, transaction fees are quite low and transactions are usually completed within a few seconds.
NEAR coin has various roles in the NEAR special lead ecosystem. As a smart contract platform, I need to emphasize before we get to its advanced technical features to be able to develop applications on it.
Fees for transactions made on the network are paid in NEAR.
Token holders can stake their NEARs to contribute to the security of the network and earn rewards.
NEAR holders can participate in decision-making about the future of the network.
Developers use NEAR coins to build and run dApps on NEAR.
Specifications and Performance
NEAR Protocol claims to be capable of processing around 100,000 transactions per second (TPS), which is a much higher transaction speed than other popular blockchains like Ethereum. Additionally, transaction fees are quite low and transactions are usually completed within a few seconds.