NEAR digital currency - is a currency belonging to the decentralized “NEAR Protocol” platform, and is intended for use in applications on the Internet.
The NEAR coin network also operates a Consensus of Stake (PoS) mechanism called Nightshade, which aims to provide scalability and fixed fees.
NEAR is used for the following:
Pay transaction fees and store data within the network
Launching a contract for validators on the network by freezing the NEAR coin
Governance: NEAR token holders have the advantage of voting on company decisions and deciding how network resources are allocated
In addition to the platform, the NEAR network has several distinct tools, including the NEAR wallet, which allows application developers to create improved user interfaces, and the “NEAR Explorer” service to help correct contract errors and understand the network’s performance.
And the NEAR command line enables developers to deploy applications from local servers
