Published May 4, 2024

Near Protocol: 'Blockchains Cannot Scale Without Sharding!' - Illia Polosukhin & Alex Skidanov

Dive into the future of blockchain with Near Protocol co-founders Illia Polosukhin and Alex Skidanov as they reveal how sharding enhances scalability, efficiency, and security in blockchains, comparing their innovative approach to Solana, while emphasizing data availability and validator incentives.
Episode Highlights
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Episode Highlights

  • Capacity Scaling

    Scaling blockchain capacity efficiently is crucial to maintaining low fees and accommodating economic activity. explains that without expanding capacity, blockchains face saturation, leading to higher fees for users as they compete for economic opportunities 1. He likens the situation to Netflix, where users should be able to access content without worrying about data center constraints or additional costs 2.

    You need to pay more. So that's kind of the current state, right? And what we want to do is, you know, you go, you can pick any movie and you watch it and you pay kind of fixed fee.

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    To address this, Near Protocol increased its shards from four to six, boosting capacity by 50% to handle growing demand without raising fees 2.

       

    Economic Models

    The economic models of Solana and Near differ significantly in their approach to scalability and cost-effectiveness. contrasts Solana's reliance on high-performance validators with Near's sharding approach, which doesn't depend on hardware improvements to meet user demands 3. Illia emphasizes that Near's design allows users to transact without needing to know shard specifics, similar to how cell towers operate 4.

    You want to have mechanisms beyond that type of scaling.

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    This abstraction simplifies user experience and ensures scalability without compromising decentralization or security 4.

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