Driving lower block times with SPICE on @NEARProtocol
Sharing some of the interesting R&D work we are doing at NEAR: SeParatIon of Consensus and Execution (SPICE).
While similar ideas have been implemented in other blockchains before, doing it in a fully sharded blockchain is significantly more challenging but brings a myriad of benefits:
- Super fast blocks (as low as 200ms)
- No more chunk miss
- Improved throughput by minimizing idle time
- More relaxed chunk gas limits and larger txs
- Prepare the protocol to adopt zk proofs
We’ve done some testing with an initial MVP and it worked well in the testing network. We expect the development work to continue for the next several months. This will unlock the next phase of NEAR’s scalability while allowing more flexibility for new features like long-running transactions and synchronous transactions.
4.71K
67
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.