NEAR Protocol’s Phase 2 Sharding Explained

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In the rapidly evolving world of blockchain technology, keeping up with the latest developments can feel like trying to drink from a firehose. One of the most exciting updates making waves recently is the NEAR Protocol’s announcement of its Phase 2 Sharding launch. But what does this actually mean for you and me? Let’s break it down into simpler terms.

What is the NEAR Protocol?

Imagine a digital city where transactions and applications run smoothly, quickly, and without costing an arm and a leg. That’s what the NEAR Protocol aims to be: a foundation for building and using apps in a way that’s accessible to everyone, not just the tech-savvy.

The Magic of Sharding

Sharding is like dividing a big, bustling city into smaller, manageable neighborhoods. Each neighborhood can handle its own traffic, reducing congestion and allowing more people to go about their business quickly. In blockchain terms, this means more transactions can happen simultaneously, making the whole system faster and more efficient.

What does sharding do in blockchain technology?

Correct! Wrong!

The Leap to Phase 2

Phase 2 of Sharding is like upgrading those neighborhoods with super-speedy transport systems and better communication tools. Specifically, NEAR is introducing something called “stateless validation.” Previously, each area (or “shard”) needed to keep a detailed ledger of every transaction and piece of data. Now, they can access this information from the central city library (so to speak), making it much easier and faster to validate transactions.

How does Phase 2 improve upon the original sharding mechanism?

Correct! Wrong!

Why Should You Care?

For starters, this upgrade means that using NEAR’s blockchain will get a lot faster and cheaper. Imagine sending money, playing games, or using social media without waiting for things to load or paying high fees. That’s the goal here.

Stake Wars IV: Your Chance to Get Involved

NEAR is not just making these changes in a lab; they’re inviting everyone to help test them out through something called Stake Wars IV. Think of it as a massive, worldwide game where you can contribute to improving the technology and even earn rewards for doing so.

How a ordinary Telegram user becomes a NEAR Stateless network tester on ONE minute!

What is Stake Wars IV?

Correct! Wrong!

The Bigger Picture

With these updates, NEAR isn’t just looking to improve its own system. They’re paving the way for a future where blockchain technology can support billions of users worldwide, doing everything from shopping to voting without a hitch. It’s about creating a digital world that’s open, efficient, and accessible to all.

Final Thoughts

Phase 2 of Sharding on the NEAR Protocol might sound technical, but the implications are vast and exciting. It’s about making the digital world faster, cheaper, and more inclusive. Whether you’re a developer, a curious observer, or someone just looking to understand the future of technology, there’s a lot to look forward to with NEAR’s latest developments.

(L)Earners at Stake Wars IV:

We are plaining to have super fun game with Rewards in NEAR, stay tuned!

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75 thoughts on “NEAR Protocol’s Phase 2 Sharding Explained”

  1. I really like Near because of transactions speed and low fees. It's a pleasure to move funds from wallet to wallet, stake funds, send to others, etc. Seems like Near is moving towards right direction. I am also happy to learn all this stuff written here. Thank you guys for that opportunity.

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  2. (in collaboration with : near.ai)

    I agree, the second phase of sharding on the NEAR Protocol is a significant development that has the potential to revolutionize the digital world. Sharding is a technique used to split large databases into smaller, more manageable parts, which can improve performance and scalability. By implementing sharding on the NEAR Protocol, developers can build decentralized applications that are faster, cheaper, and more inclusive.This is particularly exciting for developers, as it allows them to build applications that can handle a larger number of users and transactions, without sacrificing performance.As a curious observer, I find it fascinating to see how technology is constantly evolving.

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  3. Chain abstraction aims to create a truly multi-chain experience by preventing cross-chain bridging, as you can use a single account to execute transactions on another chain. It is aimed at or making the  technical details invisible when interacting with web3 applications

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