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NEAR Price in India (NEAR)

₹0

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NEAR to INR Converter

As per last price at 00:00:00, 01/01/70

INR

NEAR

TRADE NEAR NOW

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NEAR Performance

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NEAR Market Information

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NEAR Price Today

The live price of NEAR is ₹ 0 per (NEAR / INR) with a current market cap of INR. 24-hour trading volume is ₹ INR. NEAR to INR price is updated in real-time. NEAR is +0% in the last 24 hours with a circulating supply of .

About NEAR (NEAR)

What is NEAR Protocol (NEAR)?

The NEAR protocol is a Layer-1 blockchain used to help develop decentralized apps (dApps). Layer-1 chains such as this one work independently of other chains. Near Protocol’s white paper describes its goal as allowing “developers and entrepreneurs to easily and sustainably build applications which secure high value assets like money and identity.”

Not feeding off other chains translates into faster transactions and simpler onboarding of new users for NEAR.

About NEAR Protocol

The NEAR protocol can also be used to develop dApps. The protocol’s designed simplifies the development of new technology and makes the process more efficient. Hundreds of unique projects are already creating dApps on NEAR.

It supports some of the most popular programming languages including JavaScript.

Features of NEAR coin

The NEAR coin is the native token for the Near network. It serves as a mode of payment for processing transactions and storing data. It is also used to run a validating node as part of the network by participating in the staking process.

The token also finds use in governance processes. That means it gives holders the right to determine how network resources are allocated and where its future technical direction will go. The NEAR token thus enables the coordination of all participants on the network.

Finally, NEAR is also used as part of new behaviors among the apps that are built on top of this network.

Who are the founders of NEAR Protocol?

The NEAR protocol was co-founded by Alexander Skidanov and Illia Polosukhin. The former began his career in 2009 at Microsoft. Polosukhin, on the other hand, has over 10 years of industry experience in technology, three of which were at Google. During his time there, he made significant contributions to developing the core Google search code.

How to use the NEAR Protocol coin

Here are some of the ways in which you can use the NEAR protocol coin:

  • Payment of transaction fees: All transactions which occur on the NEAR blockchain must be paid for using NEAR. Due to the Proof-of-Stake (PoS) nature of the transaction validation mechanism, these transaction fees are often very low—lower than other chains like Bitcoin.
  • Staking: PoS ecosystems, by design, are equipped to stake NEAR coins on the chain. This helps users earn indirect NEAR rewards over the short and long term.
  • Getting the chance to act as a validator: To become a validator on the network, you will need to stake NEAR coins.
  • dApps: The NEAR token can also be leveraged in a number of ways within the decentralized apps the protocol is used to create.

Pros & Cons of NEAR

Pros

  • The NEAR protocol employs advanced sharding technologies. These technologies are used to scale its network infinitely. This, however, cannot be said for the average blockchain.
  • NEAR is completely open-source and decentralized.
  • The NEAR blockchain is, in principle, similar to the “cloud-based” infrastructure that software developers currently already use to develop applications. Only in this case, however, the cloud is no longer controlled by a single company running a large data centre.

Cons

  • As much as 35% of the token supply is currently held by project insiders, which is compounded by partial on-chain governance. Eventual centralization, hence, is still a point of concern.

Trading NEAR on CoinSwitch

Now you can use the CoinSwitch app to trade NEAR coins with hundreds of other cryptos. Visit our website to download the app and start trading today!

FAQs

1. How do I buy NEAR?

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To buy NEAR, do the following steps:

Step 1:

Sign in to your CoinSwitch app using your registered mobile number. Enter the OTP sent to your phone, then input your CoinSwitch PIN to access your account.

If you don't have an account, click here to register: new account.

Step 2:

After logging in, you'll find your CoinSwitch dashboard. Look at the top right corner for a search icon. Use it to find NEAR.

Step 3:

Once you find NEAR and are ready to buy, click on the Buy button at the bottom of the screen and follow the instructions to make your purchase.

2. What is the price of NEAR?

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The price of 1 NEAR is ₹0.

Note: NEAR prices are subject to change in the future based on market trends.

3. What is the price of NEAR today?

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The current price of 1 NEAR is ₹0.

Note: NEAR prices are subject to change in the future based on market trends.

4. Can I buy NEAR for ₹100?

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Yes! You can buy NEAR for as low as ₹100 on the CoinSwitch app.

5. How much is 1 NEAR in rupees?

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The current value of 1 NEAR is ₹0.

6. What is the current trend in NEAR?

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NEAR has been NaN% in the last 24 hours.

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NEAR to INR Converter

As per last price at 00:00:00, 01/01/70

INR

NEAR

TRADE NEAR NOW

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