What is near wallet?

NEAR Wallet is an in-browser, web-based wallet for creating and interacting with NEAR accounts . This wallet stores account keys in the browser’s localStorage . NEAR has several development networks operating independently of each other with their own account IDs.

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What does near protocol do?

The NEAR protocol blockchain is secure and permissionless. The network’s innovations consist of a new consensus mechanism called ‘Doomslug. ‘ NEAR Protocol can be used to pay fees for storing data and processing transactions and is also used to run validator nodes on the network by staking currency tokens .

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