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A Layer 1 scaling solution that seeks to challenge the leading smart contract platforms is now available across the Coinbase trading platform.
In a new announcement by Twitter, the largest US-based cryptocurrency exchange, To tell Its Near Protocol (NEAR) can be bought and sold on its website as well as its Android and iOS apps.
Near Protocol is an Ethereum (ETH) competitor aimed at accelerating the process of Web 3.0 development.
According to the project website,
Ethereum has provided a vision of what is possible, but with NEAR you can start building Web3 apps that are ready for mass adoption today.
NEAR boasts frictionless onboarding for both developers and regular users, and additionally says it has been certified as carbon neutral by Swiss consultancy South Pole.
User tools include NEAR wallet, NEAR explorer and cross-chain bridge to Ethereum.
The native utility token NEAR will be used for governance, handling transaction fees, and can be staked to run network validator nodes.
Near says developers have used its infrastructure to build decentralized applications (DApps) across various blockchain niches, including non-fungible tokens (NFTs) and decentralized finance (DeFi). .
Near Protocol is currently the 25th largest crypto asset by market capitalization, up 1.87% over the past 24 hours at a price of $4.28.
Earlier this week, Coinbase added the altcoin AURORA to its platform. It is an Ethereum Virtual Machine (EVM) designed by the team behind Near Protocol to provide developers with a turnkey solution with low transaction costs.
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Featured image: Shutterstock/Liu zishan
