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Will NEAR Protocol's transaction speeds increase by 400% by end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official NEAR Protocol performance reports or credible blockchain analytics platforms
Story
NEAR Protocol's Nightshade 2.0 Boosts Transaction Speeds by 400%
Aug 22, 2024, 01:00 PM
NEAR Protocol has successfully deployed its Nightshade 2.0 upgrade on its mainnet, marking a significant milestone for the blockchain platform. This major upgrade introduces stateless validation and performance improvements to NEAR's sharding design, which is expected to enhance decentralization, throughput, and security. The upgrade is particularly noteworthy for its potential to increase transaction execution speeds by 400%, while reducing the computational demands on validators. Nightshade 2.0 represents the most substantial protocol enhancement since NEAR's mainnet launch in 2020, setting the stage for greater scalability.
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