OneCrypto logo horizontal OneCrypto logo vertical
Blockchain Near


As a layer one blockchain capable of hosting decentralized apps, NEAR could be a contender to Ethereum (dApps). NEAR includes its own consensus process called "Doomslug," which allows validators to take turns producing blocks and presents new solutions to scale challenges.

How does NEAR work?

NEAR employs Nightshade, a sharding variant in which individual sets of validators process transactions in parallel across multiple sharded chains, thereby increasing the blockchain's overall capacity. Because of these techniques, NEAR Protocol can process up to 100,000 transactions per second and achieve near-instantaneous transaction completion thanks to a one-second block cadence. This is despite the fact that transaction fees are only a fraction of a cent. Interoperability with layer one blockchains like as Terra and Cosmos is quickly being added to the Near blockchain.

What is NEAR staking?

You must stake NEAR coins in order to become a validator node on NEAR. The exact quantity you must stake is determined on the number of tokens staked by other validators in a given shard. This also decides your share of the block rewards distributed every epoch (12 hours).

This design is intended to encourage validator nodes to secure newer or "smaller" shards with lower entrance barriers. You can persuade delegators to delegate their tokens to you if you don't have enough money to buy enough NEAR tokens to secure a seat. Staking pools are used by delegators to do this, and they receive a part of the block rewards from the validator(s) they are staking on. More information on staking on NEAR may be found here.

What is NEAR’s platform governance?

The NEAR Foundation, a Switzerland-based non-profit dedicated to protocol maintenance, ecosystem funding, and directing protocol governance, distributes funds to the protocol treasury. The Reference Maintainer, who is chosen by the NEAR Foundation board, is in charge of technical changes to the NEAR crypto network, albeit all nodes in the network must agree to updates by upgrading their software. The Reference Maintainer will eventually be overseen by community-elected representatives. NEAR Protocol strives to stand out in the crowded field of Web 3.0 infrastructure providers by offering unique developer and user-friendly capabilities.


Visit the official cryptocurrency website. It contains detailed valuable information about the coin and the project. You'll also find answers to frequently asked questions, various support and training tools, or interesting news and articles.


WhitePaper is a basic informative document that contains a detailed description of a crypto project, its purpose, the idea of its creation, technical specifications, statistics, diagrams, roadmap, and other important facts, including information about the coin and its use and future potential. It is usually created by the founders or developers of a crypto project.

At OneCrypto, we have decided to present you current topics of the crypto world via the YouTube channel Whiteboard Crypto.

At OneCrypto, we have decided to present you current topics of the crypto world via the YouTube channel Kris McCauley.

Create an account

and unlock your 10,000 USDT
for DEMO practicing.

visibility visibility_off
  Sign Upchevron_right

We use cookies on our website. By continuing to browse the site you agree to their use. You can find more information about the use and setting of cookies in our Privacy Policy.