Phase 1 Of Nightshade Live On NEAR Mainnet

NEAR announced that Phase 1 of Nightshade is live on NEAR’s mainnet. Stake requirement to become a validator drop to below 100,000 NEAR.

On the official Twitter page, the project announced:

Sharding is a way of partitioning a database into smaller pieces (or ‘shards’), splitting the work of processing transactions across many participating nodes in parallel.

Nightshade Sharding allows NEAR Protocol to scale linearly with the number of shards, thereby having the ability to handle millions of transactions per second and satisfy the demand for transactions as more and more users start to use NEAR.

The roll-out of Nightshade Sharding is divided into a four-stage rollout process, starting from Phase 0: Simple Nightshade, which was successfully launched on the mainnet on November 15, 2021.

Phase 1, Chunk-Only Producers had been introduced. Chunk-Only Producers are solely responsible for producing chunks (parts of the block from a shard, see Nightshade for more detail) in one shard (a partition on the network), and thus require less sophisticated, more affordable hardware.

The next step of the roll-out is Phase 2: Nightshade, which will complete the implementation of challenges, thereby eliminating the need for any validators to track all the shards.

In Phase 3: Dynamic Resharding, the network will be dynamically split into shards and then merged based on resource utilization. This will enable NEAR to expand almost infinitely. Phase 3 is expected to be released in 2023 as well.

At the time of writing, NEAR is trading at $3.57.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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