




NEAR Protocol is a layer-1 blockchain that uses a sharding mechanism called Nightshade to achieve scalability, combined with a proof-of-stake consensus mechanism called Thresholded Proof of Stake. It supports smart contract development and features account abstraction for user-friendly wallet interactions. NEAR is the native token used for transaction fees, staking, and storage, with a 5% annual inflationary issuance offset by transaction fee burns.
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