Near Protocol to automate its own growth and its token is skyrocketing
Near Protocol will introduce dynamic resharding in June, allowing the blockchain to automatically add shards as demand grows without human intervention.
What to know:
- Near Protocol will introduce dynamic resharding in June, allowing the blockchain to automatically add shards as demand grows without human intervention.
- The upgrade aims to boost scalability for an AI-driven on-chain economy while also adding post-quantum-safe signing to protect users from future quantum-computing threats.
- NEAR’s token has surged nearly 30% to $2.24, outperforming major cryptocurrencies as inflows into the Bitwise Near Staking ETP signal strong investor demand.
“Dynamic resharding is coming to NEAR. The upcoming network upgrade will enable the protocol to add shards automatically as demand grows,” the protocol announced on X. “This delivers on NEAR’s founding vision of building the world’s most scalable blockchain protocol at the highest level of performance.”
Shards are smaller, independent partitions of the blockchain network that process transactions and smart contracts in parallel. Imagine a grocery store with multiple checkout lines. This helps Near handle more traffic than typical blockchains with a single checkout line.
The catch? Until now, opening a new partition on Near has been a slow, manual process, requiring weeks of validator coordination, a vote, and a staged rollout.
The upcoming dynamic resharding in June will automate this process. In other words, when the network sees a specific check out line, a shard, getting too full, it doesn’t wait for a human to fix it. It automatically splits, not in half, but by adding more independent parallel validators to the system, just as the grocery store would hire new cashiers and customer staff.
