NEAR FAQ

The NEAR Protocol is a high-performance, scalable blockchain designed to provide a user-friendly and developer-centric platform for decentralized applications (dApps). It features a unique sharding technology called “Nightshade” that enhances scalability by dividing the network into smaller, manageable pieces, allowing for parallel processing of transactions. NEAR Protocol also incorporates a Proof-of-Stake (PoS) consensus mechanism for efficient and secure network operations. With its focus on ease of use, low transaction costs, and high throughput, NEAR aims to make blockchain technology accessible and practical for a broad range of applications.

Staking on the NEAR Protocol involves locking up NEAR tokens to support network security and operations through its Proof-of-Stake (PoS) consensus mechanism. Validators are selected based on the amount of NEAR they stake, and they process transactions and secure the blockchain. Token holders can delegate their NEAR to validators to earn staking rewards without running their own nodes. Benefits of staking on NEAR include earning passive income through rewards, contributing to network security, and participating in the protocol’s governance. Additionally, staking helps maintain low transaction fees and high throughput, enhancing the overall efficiency of the NEAR Network.

BCW Technologies (BCWT) provides a versatile set of critical solutions geared towards expanding the capabilities of its Infrastructure-as-a-Service (IaaS) platform. BCWT serves as a research and development hub under BCW Group for early-stage products and provides technology advisory. BCWT operates a wide range of Web3 network nodes spanning validators, zk provers, RPCs, bridges, relayers, and oracles to provide on-chain data sources for financial institutions, academic institutions, and a wide range of web3 products and services.

When you delegate $NEAR with BCW Technologies, you’re selecting a partner with unparalleled expertise and reliability in blockchain staking. We offer:

• DLT Network Specialists: Your staking is managed by professionals with extensive blockchain expertise.
• High Availability: We ensure uninterrupted staking with consistently high uptimes, even during peak network activity.
• Global Coverage: Our infrastructure spans the globe, providing reliable coverage worldwide.
• Security: With top-tier security across multiple cloud providers and boutique data centers, staking with BCW means you leverage our decades of experience in infrastructure security.

For institutional stakers, BCWT offers advanced downstream services, enabling you to provide $NEAR staking options to your customers. By partnering with us, you ensure a robust, secure, and reliable staking experience backed by industry experts..

The fee percentage for staking $NEAR with BCW Technology validators is currently 7%.

The output of rewards from $NEAR itself is based on the number of additional stakers and validators on the network.

There is no minimum amount of $NEAR tokens required to stake with BCW Technologies; however, the amount you stake should be sufficient to cover the network fees associated with the transaction.

Simply by bonding $NEAR tokens to our validator, you have nominated BCW Technologies’ validators for rewards.

You can visit The Nearscope Explorer to check out our validator profile and delegate to our node.

Currently there is no minimum time commitment. Any updates will be circulated to the delegators.

With years of experience running validator nodes on a wide range of Web3 networks, BCW Technologies operates and supports 60+ different networks, bringing expertise, awareness, and active participation

For more information, please visit https://www.bcw.group/technologies/#validation-and-staking