Near (NEAR)

What is the Near blockchain?

Near is a decentralised Layer 1 blockchain focused on scalability, usability, and developer accessibility.

Here are 5 key points about Near:

Sharding technology: Uses Nightshade sharding to split the blockchain into multiple shards, increasing throughput and scalability.

Developer-friendly tools: Provides SDKs, IDEs, and simplified smart contract deployment for building decentralised applications (dApps).

User-centric design: Offers features like human-readable account names and straightforward recovery options.

Low transaction costs: Keeps fees low and predictable for both developers and users.

NEAR token: Used to pay transaction fees, secure the network through staking, and participate in governance decisions.

Near on Wraith Wallet

With Wraith Wallet, you can:

Buy NEAR directly with debit/credit cards.

Store NEAR securely.

Send and receive NEAR tokens.

Track NEAR price using built-in charts.

How to get Near (NEAR)

Buy NEAR directly in Wraith Wallet.

Receive NEAR with your unique Near address inside the app.

Transaction fees on Near

Low and predictable: Designed to keep fees cost-effective for both transactions and smart contract deployment.

Fee burn mechanism: A portion of transaction fees is burned, reducing overall supply over time.

Validator incentives: The remaining fees go to validators and stakers, ensuring security and participation.

Checking balances

Wraith Wallet connects directly to the Near blockchain to display your NEAR balance. For further details, you can select View on NEAR Blocks in-app.

NEAR Blocks is the default Near explorer integrated with Wraith Wallet.

Why choose Wraith Wallet for Near?

Robust security: Self-custody ensures you control your keys and assets.

Transparency: Open-source code with no hidden risks.

Multi-currency support: Manage NEAR alongside other cryptocurrencies in a single wallet.

Summary Near combines scalability, affordability, and usability, making it one of the most accessible Layer 1 blockchains. With Wraith Wallet, you can easily buy, store, and manage NEAR while benefiting from low fees and secure self-custody.

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