NEAR Protocol (NEAR) is a decentralized application (dApp) platform that is designed to make applications on the web more usable. The NEAR Protocol network implements a Proof-of-Stake (PoS) content technique that is often referred to as “Nightshade”. The nightshade consensus design aims at offering scalability and stable fees within the network. The NEAR utility token is often used to run validator nodes on the network, process transaction fees, and storage of data, and lastly to determine the allocation of its networks through a process known as the governance of votes. The creators or the masterminds behind NEAR Protocol were Alex Skidanov and Illia Polosukhin. These two were experienced geniuses in anything to do with programming and cryptography. These two met back in 2018 and after they decided to sync, they bore NEAR Protocol (NEAR).
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