Near Protocol is making strides in its sharding network, aiming to boost performance and scalability in the blockchain space. Recent updates from the Near Protocol team highlight significant milestones achieved in 2023, positioning the platform as a key player in the ongoing scalability debate among Layer 1 developers. According to the results published in the material, these advancements could redefine how blockchain networks handle increased demand.
Advancements in Transaction Processing
The Near Protocol team has reported impressive advancements in transaction processing, achieving 600 ms block times and successfully launching nine shards on the mainnet by August 2025. These developments are part of a broader strategy to enhance the network's scalability and efficiency.
Expansion of Sharding Capabilities
Furthermore, the expansion of Near's sharding capabilities is designed to facilitate interoperability with assets from other major blockchains, including:
- Ethereum
- Solana
This initiative not only aims to improve user experience but also seeks to restore Near's competitive edge in the rapidly evolving landscape of blockchain technology.
As Near Protocol advances its sharding capabilities to enhance blockchain scalability, the emergence of blockchain technology is also transforming cross-border lending for SMEs. For more insights, read more.
