About NEAR Protocol
NEAR Protocol is a decentralized application platform designed to make apps usable on the web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to offer scalability and stable fees. NEAR is the native utility token that is used for: Fees for processing transactions and storing data. Running validator nodes on the network via staking NEAR tokens. Used for governance votes to determine how network resources are allocated.