NEAR performance notes
NEAR Protocol is a Layer 1 blockchain with a sharded Proof-of-Stake architecture, using Nightshade sharding and Doomslug finality to deliver parallel transaction processing across shards. It uses an account-based model, built-in account abstraction, and a WebAssembly runtime supporting smart contracts in Rust, JavaScript/TypeScript, Python, and Go. The network produces blocks in roughly 600 milliseconds with sub-second finality and transaction fees under one cent. The network is scalable to 1 million TPS, as demonstrated in public benchmarks.
NEAR Protocol is primarily used for high-throughput smart contract execution, cross-chain coordination, and the AI agent economy. Distinguishing capabilities include Dynamic Resharding, Chain Signatures for signing transactions on external blockchains via MPC, Global Smart Contracts for cross-shard composability, and Shade Agents for verifiable autonomous execution. These primitives are most useful for developers, DeFi protocols, multichain dApps, and AI agents that need scalable, interoperable, and verifiable onchain infrastructure.
