What is Near Protocol?


NEAR Protocol (NEAR) is a scalable proof-of-stake blockchain, focused on usability and interoperability. It aims to provide low transaction costs and high speed. It supports smart contracts and decentralized applications. Additionally, NEAR is actively engaged in researching and developing innovative solutions to enhance the experience of developers and users, with a particular focus on integrating cutting-edge technologies to maximize platform efficiency and adaptability.


The NEAR Protocol incorporates several innovative technologies to enhance its functionality and interoperability, including Nightshade technology, the Rainbow Bridge, and EVM compatibility via Aurora.

  • Nightshade: NEAR utilizes Nightshade, a variant of sharding, to process transactions faster and scale the blockchain's capacity by distributing computational load across multiple shards.

  • Rainbow Bridge: This component enables the transfer of assets between the NEAR and Ethereum blockchains in a trustless and permissionless manner, supporting a wide range of popular tokens.

  • Aurora EVM: Aurora is a virtual machine that runs Ethereum smart contracts on NEAR, allowing developers to leverage NEAR's features without rewriting their code.

These technologies emphasize NEAR's commitment to scalability, interoperability, and developer ease of use.

On Conio it is possible to buy and sell NEAR (Near protocol's native blockchain currency), however, it is not yet possible to withdraw and deposit NEAR. On the other hand, you can use the "Convert" function to convert NEAR to another asset from among those in the Conio marketplace.

You might also be interested in: