Dec 9, 2019
In this episode Felix is joined by Illia to discuss NEAR’s economic model, its trade-offs and advantages.
NEAR is a sharded blockchain with a unique economic model that seeks to unify gas cost across shards through load balancing. With this model, NEAR is able to significantly improve the user and developer experience for cross-shard applications.
The episode walks through the founding story of NEAR, what dynamic sharding is and how it works and NEAR’s fee model for computation and state storage. Furthermore Illia explains validator selection, incentives and penalties, including NEAR’s plans to incentivize smart contract developers by sharing a part of the generated gas fees.