Tech
Best AI Cryptocurrencies to Invest in 2024
Near Protocol is a robust layer-1 blockchain project tailored to provide community-based cloud computing services. Built by a world-class team, it gives developers and business owners the power to rapidly and sustainably build decentralized apps that safeguard valuable assets such as funds and identities. The platform is efficiently built within the AI crypto token domain to solve a number of major problems in the blockchain space, including poor throughput, slow transactions, and limited interoperability. To combat these challenges, NEAR Protocol provides an intuitive platform for users and developers, enhancing the overall experience for all users and establishing the ideal environment for decentralized apps.
The AI-native cryptocurrency of the NEAR protocol ecosystem is called NEAR coin. Running on a proof-of-stake consensus mechanism, this is the utility token of the NEAR blockchain. The NEAR coin is needed to conduct tons of operations within the network, including staking by validators and delegators to safeguard the network and receive rewards. The NEAR coin is extremely important, not only for the securitization of the network but also for the governance of the NEAR protocol. Decisions on network resource allocation and future technology development plans of the protocol can be influenced by the holders of the current tokens. While promoting the growth of decentralized blockchain technology, this governance capability ensures that the NEAR environment remains well-organized and the needs of all stakeholders are met.
Near Protocol Price Statistics
The NEAR token is currently priced at $4.88 with a market cap of $5,359,218,502. While the all-time high of this coin is $20.42, it has shown incredible growth over the past year, revealing its immense potential.