NEAR Protocol Network Leverages Sharding for Scalability
The NEAR Protocol network is designed to support smart contracts and user applications. Its native asset, NEAR, is used for transaction fees, storage, and staking. The network utilizes a sharding approach to increase capacity by dividing data and transactions into smaller pieces.
Sharding aims to distribute tasks across the network, improving scalability. This method splits the workload into different pieces, allowing each participant to execute tasks independently. Communication between shards is crucial for maintaining security.
The NEAR Protocol uses a proof-of-stake consensus mechanism, where validators participate in staking and are associated with operator commissions, performance, and exit conditions. Users can delegate their NEAR to supported validators through various methods.