NEAR Protocol

Specifications	Details
Platform (underlying architecture)	Layer 1
Consensus Algorithm	Proof-of-Stake
Ecosystem	NEAR
Token	NEAR (Ⓝ)
Native Token Ticker	$NEAR
Smallest Unit	yoctoNEAR (1 NEAR = 10^24 yoctoNEAR)
ARR or APY	~7%
Max Supply	∞
Delegation Requirements (Min-Max)	No minimum and maximum limit
Stake Activation Period	1 epoch (~12 hours)
Reward Distribution Period	Every epoch (~12 hours)
Compounding	Automatic
Compounding Frequency	Every epoch (~12 hours)
Unbonding Period	3 full epochs (~36-48 hours)
Lockup Period	None
Penalties and Slashing	No slashing
Burn Mechanism	All transaction fees collected by the network get burned
Validator Self-Bond Requirement	A validator has to surpass the seat price in the staking transaction to be in the active set of validators. Find the current seat price HERE
Inflation	~4.5%
Validator Set Diversity	No set limit. A node can become a NEAR validator only if the amount in the staking transaction is above the seat price defined by the protocol. The seat price is dynamically calculated and is a function of the amount of NEAR tokens staked by other validators. The current seat price to become a block-producing validator is updated live on the Explorer.
Governance Mechanism	On-chain governance
Smart Contract Support	Yes
Smart Contract Programming Language	Rust
Cross-chain Compatibility (Interoperability)	Yes
TPS (Transaction Throughput)	~3000 TPS (as per sources 100K TPS on full sharding implementation)
Transaction Finality	~1-3 seconds
Link to Explorer(s)	https://nearblocks.io/, https://pikespeak.ai/ , https://near-staking.com/
Testnet Faucet	https://near-faucet.io/
Figment’s Public Validator Address	figment.poolv1.near, ledgerbyfigment.poolv1.near
Figment Staking Guide	HERE
Figment Supported MEV Relay	N/A
Recommended Wallet(s)	Ledger, MyNearWallet
CoinGecko Profile	https://www.coingecko.com/en/coins/near