NEAR Protocol is a decentralized platform for building web applications. The network runs on a Proof-of-Stake consensus mechanism called Nightshade, which aims to provide scalability and stable fees. NEAR is a native utility token that is used to:
🔹 Collect fees for transaction processing and data storage.
🔹 Launch validator nodes on the network by staking NEAR tokens.
🔹 Vote by network governance, for example, to determine how to allocate network resources.
We will show you how to create a wallet for EUPi storage.
Step 1. Go to NEAR Wallet and click the «Create Account» button.
Step 2. If you want to, you can learn more about NEAR by following the link. To continue, click the «Get Started» button.
Step 3. Choose a security method. We will use the secure passphrase. Then click the «Secure My Account» button.
Step 4. Save the 12-word phrase so you can quickly regain access to your wallet. Then click the «Continue» button.
❗️Never share this data with anyone!
Step 5. Confirm your secret recovery phrase by entering one of its words. After entering, click «Verify & Complete».
Step 6. Congratulations! 🎉 You created your NEAR wallet. Now let’s copy your wallet address. Click the «Receive» button.
Step 7. Copy your wallet ID address by clicking «Copy».
Step 8. Now, using this address, you can easily buy NEAR on itez. Just paste it in the appropriate box and complete the purchase.
