$NEAR ๐™‰๐™€๐˜ผ๐™ ๐™–๐™ฃ๐™ฃ๐™ค๐™ช๐™ฃ๐™˜๐™š๐™จ ๐™Ž๐™‹๐™„๐˜พ๐™€ ๐™ช๐™ฅ๐™œ๐™ง๐™–๐™™๐™š
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NEAR officially announced SPICE, short for Separation of Consensus and Execution, as its next major protocol upgrade. It cuts block time from 600ms to 200ms and is expected to bring final transaction confirmation down to about 0.4 seconds.

โ€ข Decouples consensus and execution
โ€ข Roughly 3x faster block time
โ€ข Positioned as a major step toward Nightshade 3.0

ยฉ Stacy Murr