Do you know about Near Protocol? It is a highly-capable layer1 blockchain designed to host powerful decentralized applications. Read more!
) — which, if accurate, edges out Solana's 65,000 tps. That said, the blockchain currently only processes somewhere around 5-20 tps due to a lack of activity.To help make the platform as accessible as possible to users and developers, NEAR keeps transaction fees down to a bare minimum. Most transactions cost just a fraction of a cent to complete. As with most other blockchains, these fees are used to compensate node holders — who are responsible for processing transactions.
Validators are selected for transaction processing using an auction mechanism and users can delegate their NEAR to validators that offer the service through a staking pool. Like most proof-of-stake blockchains, NEAR implements a slashing feature to deter malicious behavior among validators and maximizeresistance. Attempts to produce invalid blocks or fork the chain will result in their stake being slashed.
First, you’ll need to log in to your Binance account and deposit a supported cryptocurrency to trade for NEAR .
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