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NEAR Blockchain Gets Major Upgrade to Add 'Stateless Validation'

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Freigeben: 2024-08-23 00:47:10
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The upgrade, known as "Nightshade 2.0," has been on the NEAR roadmap for years, with the first version introduced in 2022.

NEAR Blockchain Gets Major Upgrade to Add 'Stateless Validation'

NEAR Protocol (CRYPTO: NEAR) has deployed a major upgrade on its main network, designed to improve the blockchain's scalability and usability.

The new features include "stateless validation," a concept that Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin has written about extensively, according to a press release from the NEAR Foundation, which supports the blockchain.

NEAR is only the 25th largest blockchain by market capitalization, according to data from DeFILlama, but the project tends to be closely watched in crypto tech circles partly because of the credentials of its founder.

Illia Polosukhin was a top engineer at Google earlier in his career, working on AI systems.

The upgrade is part of NEAR's efforts to incorporate "sharding" in its core design - splitting the blockchain up into smaller pieces, which is supposed to help scale the network, allowing it to process more transactions for less money.

Ethereum has its own roadmap for achieving full sharding, and recently implemented the feature of proto-danksharding, the first iteration of this concept.

“NEAR validators no longer have to maintain the state of a shard locally and can retrieve all the information they need to validate state changes, or 'state witnesses,' from the network," the press release said.

"This both improves single-shard performance as well as adds capacity for more shards on the network.”

The concept of Nightshade has been on the NEAR roadmap for years, with the first version introduced in 2022.

NEAR co-founder Illia Polosukhin published a white paper about the original Nightshade in 2019.

“Nightshade 2.0 is a fundamental reworking of NEAR sharding and is a major milestone in NEAR’s development roadmap that will greatly increase NEAR’s efficiency and scalability,” said Bowen Wang, head of protocol at NEAR, in the press release.

“In particular, the new sharding implementation will speed up NEAR’s already-fast transaction throughput by five times. It also substantially lowers the cost of operating validators, lowering the barrier to entry for more people to become validators, which will improve the decentralization of the network.”

Read more: Near Blockchain Moves Ahead With Phase One of Sharding Upgrade

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Margaux Nijkerk covers the Ethereum protocol and L2s. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a small amount of ETH and other altcoins.

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