Digital Currency News >NEAR > Sharding Technology of NEAR Token Protocol: How to Improve Blockchain Performance

Related Articles

ViewNEARAll Articles
0
NEAR
0
Step 1: Enter the NEAR/USDT spot trading page
0
Step 2: Enter the order unit and quantity, then click Buy/Sell

Sharding Technology of NEAR Token Protocol: How to Improve Blockchain Performance

2024-08-06 19:03:02

    The sharding technology used by the NEAR protocol is the key to achieving high performance. This article will take an in-depth look at NEAR’s sharding technology and how it can improve blockchain performance.


Basic concepts of sharding technology

Sharding is a technology that improves network throughput and performance by dividing a blockchain network into small chunks, called shards.

How sharding works: Each shard processes transactions and smart contracts for part of the network, thereby reducing the burden on individual nodes and improving the efficiency of the overall network.

NEAR's sharding architecture: NEAR's sharding architecture allows different shards to process transactions independently while maintaining data consistency through cross-shard communication.


NEAR’s Night Shadow Consensus Mechanism

The NEAR protocol adopts a unique Night Shadow consensus mechanism, which is combined with sharding technology to further improve the performance and security of the network.

How the consensus mechanism works: The Yeying consensus mechanism uses a new protocol called "Doomslug", which can reach consensus in a short time, thereby achieving high throughput and low latency.

Security guarantee: The Yeying consensus mechanism also introduces an economic incentive and punishment mechanism to ensure that nodes operate honestly and improve the security of the entire network.


Sharding technology improves blockchain performance

NEAR's sharding technology and Yeying consensus mechanism work together to greatly improve the performance of the blockchain.

Improved transaction throughput: Sharding technology allows the network to process transactions in multiple shards simultaneously, significantly improving overall transaction throughput.

Reduce transaction delays: The Yeying consensus mechanism can quickly reach consensus, reduce transaction confirmation delays, and provide users with a better experience.

Expand network capacity: Sharding technology allows the network to expand with the increase of nodes, maintaining high performance and stability.


Application prospects of NEAR sharding technology

NEAR's sharding technology provides technical support for various application scenarios and has broad application prospects.

Decentralized Finance (DeFi): High-performance sharding technology can support the large-scale use of DeFi applications and improve user experience and transaction efficiency.

Blockchain games: Sharding technology and low-latency consensus mechanism make blockchain games run more smoothly and provide players with a better gaming experience.

Enterprise-level applications: NEAR's sharding technology can support large-scale enterprise-level applications and provide efficient and secure blockchain solutions.


Conclusion: The sharding technology and Night Shadow consensus mechanism of the NEAR protocol are the keys to achieving high performance. These technologies not only greatly improve the transaction throughput and performance of the blockchain, but also provide powerful technical support for various application scenarios. In the future, with the continuous development of technology, the NEAR protocol is expected to play a more important role in the blockchain field.

Disclaimer:

1. The information does not constitute investment advice, and investors should make independent decisions and bear the risks themselves

2. The copyright of this article belongs to the original author, and it only represents the author's own views, not the views or positions of HiBT