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What is NEAR Protocol?

Near Protocol (NEAR) is a decentralised application platform that seeks to accelerate the process of dApp development.

  • The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade. This consensus aims to provide dynamic scalability to stabilise fees.
  • NEAR Protocol created a set of tools that assist with development, on-boarding, integration and more.
  • NEAR token is the native utility token used for fees, staking and governance voting.

Near Protocol has set out to build a technology framework designed to make apps similarly usable to those on today's web.

How do I buy NEAR Protocol?

1.
Deposit funds into your account.
2.
Enter the amount of NEAR Protocol (or Australian Dollar equivalent) that you would like to buy.
3.
Click ‘Buy' to confirm your NEAR Protocol purchase and your NEAR Protocol will arrive in your CoinSpot wallet within minutes.
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