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Founded in 2017 and launched in April 2020, Near Protocol now sits at the top 20 of the biggest cryptocurrencies by the market cap and has high expectations of rallying further.
State of project: Near Protocol aims to solve the blockchain trilemma (the belief that blockchains can not be scalable, secure and decentralized at the same time) by implementing sharding. Because of this blockchain scaling feature, Near Protocol enables the processing of up to 100,000 transactions per second, reducing transaction costs.
Near Protocol operates on a Proof-of-Stake (PoS) algorithm.
The development of the protocol is coordinated by the non-profit