Network

NEAR is a carbon-neutral layer-1 blockchain network that is scalable and secure thanks to its unique implementation of sharding called Nightshade. NEAR is built with a focus on usability and ease of use, for both developers and users.

Economy

NEAR leverages token economics in a unique way that empowers both creators and developers, who for example earn 30% of the fees their contracts generate, while network participants earn rewards for validating transactions or providing storage.

Interoperability

NEAR is designed to be an interoperable L1 network that can, through different services, provide a scalable infrastructure that communicates with other chains and ecosystems.

Scalability

Nightshade is the implementation and design of NEAR’s sharded architecture.

Sharding splits the work of processing transactions across many participating nodes to ensure the network can scale as it grows in users and demand making NEAR ready today for mass adoption of Web3.

Improvements to the NEAR standards and protocol are overseen by various developer working groups with support from the community.