-
Enhancing NEAR Tokenomics: Version 2.9.0 Halving Upgrade
To support a more sustainable tokenomic model and strengthen incentive alignment across the ecosystem, nearcore version 2.9.0 reduces the maximum annual inflation rate of NEAR Protocol from 5% to 2.5%. This upgrade will become effective once 80% of stake of block producing validators choose to adopt it. For more details on upgrading your mainnet node, please see the 2.9.0 release notes.
-
Mainnet Decreased Block Production Rate
NEAR mainnet briefly slowed on deployment of new smart contracts after the validator set grew past 256: the broadcast routine that erasure‑codes contract byte‑code for all validators relied on a Reed–Solomon library hard‑capped at 256 recipients, so the chunk producer that included a
DeployContracttransaction crashed during the final “code distribution” step, though the finished chunk still propagated. The Near One team released a hot‑fix that simply truncated the recipient list, which worked for any nodes that upgraded to adopt the fix, but the fix didn’t account for the creation of a Reed-Solomon encoder on un-upgraded nodes, which caused any un‑upgraded node to crash when it tried to forward those contract parts, temporarily enlarging the blast radius; block throughput dipped to ~0.1 blocks/s for about half an hour and then recovered as most validators adopted the patch.
subscribe via RSS