NEAR Protocol NEAR Price 7.35

Low transaction speeds, low throughput, and poor interoperability are some of the limitations that have hindered the growth of competing blockchains. The ideal environment for DAPPS is provided by this. The NEAR uses account names that are readable by humans. Alexander Skidanov, a computer scientist who worked at Microsoft, and Illia Polosukhin, who has more than ten years of industry experience, were his co-founding partners. NEAR Protocol has an extensive team of experienced developers. Nightshade is a variation of sharding, in which individual sets of validators process transactions in parallel across multiple chains. The fund will be used to grow the NEAR protocol. $250 million will be used to help existing projects scale, and $100 million will be allocated to the startup grant pools. Near will focus on funding teams that are changing the way we interact with money. Near recently raised $150 million in seed investment, with additional participation from Mechanism Capital, a16z, Jump, and more. The grants were very high. There is 10% in the Foundation Endowment. The Early Ecosystem was very small. 14 percent is contributed by core contributors. The backers have a percentage of 17.6%. Small backers make up 6.1%. There is a community sale with 5% of additional supply issued each year to support the network as rewards. A validator is being run on the network. The governance votes determine how network resources are allocated.