Convert Internet Computer to NEAR Protocol Price Calculator & icp vs. near Comparison

With the ever-fluctuating cryptocurrency market, keeping track of real-time prices between Internet Computer and NEAR Protocol can be challenging. Our dedicated Internet Computer to NEAR Protocol price converter & calculator makes this task seamless and straightforward. Whether you're an investor, trader, or crypto enthusiast, leverage our tool to get the latest conversion rates of icp vs. near. Stay ahead of the market and make informed decisions by accessing the most up-to-date data at your fingertips

1 Internet Computer (icp) == 2.8189655172414 NEAR Protocol (near).
Rate : 2.8189655172414

Internet Computer (icp) Price: 3.27$
NEAR Protocol (near) Price: 1.16$

Near Protocol (NEAR) is a smart contract platform that aims to provide developers with a scalable and developer-friendly environment for building decentralized applications (dApps). It is designed to be secure, fast, and affordable, allowing for high transaction throughput and low fees. The project was launched in 2018 by a team of experienced engineers and entrepreneurs, including Alex Skidanov and Illia Polosukhin. It has received backing from top venture capital firms such as Andreessen Horowitz and Coinbase Ventures, among others. NEAR Protocol aims to address the limitations of existing blockchain platforms by offering improved scalability and usability. One of the key features of NEAR Protocol is its sharding technology, which allows the network to scale by dividing the workload across multiple nodes. This enables the network to handle a large number of transactions in parallel, resulting in faster transaction confirmations and improved overall performance. Additionally, NEAR Protocol utilizes a consensus mechanism called "Proof of Stake" (PoS), which allows token holders to participate in the network's governance and earn rewards for securing the network. NEAR Protocol also provides a set of developer tools and software development kits (SDKs) to make it easier for developers to build and deploy dApps on the platform. These tools include smart contract languages, a virtual machine for executing smart contracts, and libraries for interacting with the NEAR blockchain. The platform also supports interoperability, allowing dApps to interact with other blockchain networks and services. As for the NEAR token (NEAR), it serves several purposes within the NEAR ecosystem. Firstly, it is used for network governance, allowing token holders to vote on proposals and decisions related to the protocol. This gives stakeholders a voice in the direction and development of the platform. Secondly, NEAR tokens are used as a medium of exchange for paying transaction fees and accessing network resources. Developers and users need to hold and use NEAR tokens to interact with dApps and execute transactions on the NEAR network. In terms of market presence, NEAR Protocol currently ranks 42nd in terms of market capitalization. It is listed on a wide range of exchanges, including CoinW, Binance, Coinbase Exchange, and Kraken, among others. Despite experiencing a negative price change of -21.99% in the past 30 days, it is important to note that cryptocurrency markets are highly volatile, and price fluctuations are common. Comparing Internet Computer (ICP) and NEAR Protocol (NEAR), both projects aim to provide scalable and developer-friendly environments for building decentralized applications. However, there are some key differences between the two. Firstly, Internet Computer focuses on extending the public internet and aims to be a decentralized global computer. It allows developers to run smart contracts at web speed and scale, potentially revolutionizing traditional software services. On the other hand, NEAR Protocol focuses specifically on providing a scalable smart contract platform, leveraging sharding technology and Proof of Stake consensus. Secondly, while both projects have a native token used for network governance and transaction fees, their token economics and utility differ. ICP is used for network governance, converting into cycles for compute, and rewarding users for network participation. In contrast, NEAR tokens are used for network governance and as a medium of exchange for transaction fees and access to network resources. It is also worth considering the overall ecosystem and community support for each project. Internet Computer has garnered significant attention and investment from prominent venture capital firms, which may contribute to its potential for growth and development. NEAR Protocol also has notable backing and partnerships, indicating a strong foundation for ecosystem expansion. Ultimately, the decision of which project to invest in or support depends on individual research and investment goals. It is advisable to thoroughly analyze the project's technology, team, market potential, and community support before making any investment decisions.