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Near Protocol to automate its own growth and its token is skyrocketing
Key takeaways
- The market is giving it a thumbs-up, sending the native token's price sharply higher.
- The upcoming network upgrade will enable the protocol to add shards automatically as demand grows," the protocol announced on X.
- Shards are smaller, independent partitions of the blockchain network that process transactions and smart contracts in parallel.
The market is giving it a thumbs-up, sending the native token's price sharply higher. NEAR has gained more than 27% in the last 24 hours to trade at $2.25.
"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.
Article preview — originally published by CoinDesk. Full story at the source.
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