#What Are the Key Achievements of NEAR Protocol?
NEAR Protocol has accomplished a remarkable feat by reaching one million transactions per second in benchmark testing. This achievement signifies a crucial milestone in scalability for the protocol, showcasing its capacity for extensive transaction throughput.
The one million transactions per second mark validates NEAR's innovative sharded blockchain architecture. This structure is designed for horizontal scalability while preserving decentralization, which is essential for maintaining a secure and robust network. Recent upgrades to NEAR’s execution and consensus layers have further enhanced its ability to handle realistic workloads using cost-effective hardware.
#How Does NEAR Protocol Support Cross-Chain Applications?
The impressive milestone was made possible through Nightshade 2.0, an upgrade that enhances NEAR’s sharding capabilities with stateless validation. This upgrade promotes efficiency and allows for an equitable distribution of workload across multiple shards, leading to enhancements in block times and finality. Consequently, NEAR Protocol is now well-positioned to support high-volume applications, particularly in cross-chain decentralized finance (DeFi) and on-chain artificial intelligence (AI).
By facilitating decentralized applications, NEAR provides essential features such as intents and chain signatures, which are crucial for seamless cross-chain interactions. This positions NEAR as a significant player in fostering growth within the multi-chain ecosystem, a critical aspect for investors looking to engage with innovative and scalable blockchain solutions.