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Reasons to buy the NEAR coin

Here are some reasons why you should invest in the NEAR coin. The NEAR protocol has the following features, which make it a good thing to invest in:

• Usability: NEAR helps developers build and deploy contracts efficiently. It also allows end users to have simpler onboarding, better ease of use, and predictable and consistent pricing.
• Scalability: The platform has the ability to scale at justifiable thresholds.
• Simplicity: The NEAR protocol has been designed to help the developers achieve their goals without complicating the experience for users.
• Sustainable decentralization: The NEAR protocol also tries to set the bar to qualify as a validating node as low as possible. This is meant to encourage participation and reduce network centralization.

What is the NEAR Protocol?

The NEAR protocol is a Layer-1 blockchain—meaning a blockchain that does not depend on other chains for its operation. It is meant to be used by developers for the creation of decentralized applications (dApps). Hundreds of unique projects are already creating dApps on NEAR.

NEAR can support transactions on Ethereum, and is faster and cheaper than it. With time, Near may be able process up to 100,000 Transactions Per Second (TPS).

Some of the most popular programming languages, including JavaScript, can be used on the protocol.

Things to consider before buying the NEAR Protocol coin

These are some things you should keep in mind if you are considering buying this coin:

• While the NEAR protocol allows users to store sensitive information and high value assets on the network, including but not limited to digital money, there have been some concerns about the rising centralization levels of the network in the past.
• The coin is currently trading around 85% below the current all-time high, which it hit on 14 January 2022.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.