Buying NEAR (NEAR) is easy!

Why buy NEAR (NEAR)

To decide whether to buy NEAR, the native NEAR Protocol token, you need to know that it is a Layer 1 blockchain that behaves similarly to a cloud computing platform. As is often the case with Layer 1 networks, the NEAR token is the real beating heart of the platform. 

It is essential for ensuring the network’s security (through staking), and those who hold it can earn the rewards from the Proof-of-Stake consensus mechanism. In addition, you may decide to buy NEAR because of the internal mechanism that regulates its inflation. This considers the needs of users, developers, validators, and holders who want to hold NEAR for long periods.

What is NEAR (NEAR) like?

NEAR is an environmentally sustainable, scalable, fast, and decentralised user-friendly Layer 1 blockchain. This network, made secure by a Proof-of-Stake consensus mechanism, is self-described as “shared.” This means that it has been using, since its inception, the sharding mechanism, which involves dividing blocks into smaller “chunks” so that each validator node has to handle only a tiny part of the total amount of data.

To decide whether to buy NEAR, you should know that the eponymous Foundation handles the blockchain development. The initial idea of the project’s founders – Ilia Polosukhin, a former software engineer at Google, and Alexander Skidanov, a former Senior Software Developer at Microsoft in 2017 – was to develop a machine learning platform. 
After discovering blockchain technology and the potential of smart contracts, the two changed their minds. They went to work to create one of the industry’s most successful companies. NEAR has raised, over the years, the incredible sum of $1.1 billion in 15 investment rounds in which sixty-six entities, including venture capital and hedge funds, have participated.