Binance and KuCoin announced support for Ontology airdrop

Both Binance and KuCoin stated that they will support ONT airdrop on March 1st to NEO holders
27 February 2018   837

Binance and KuCoin have both announced that they will support the airdrop of Onthology to NEO holders. It will happen at blockheight of 1,974,823 and the estimated date is now on March 1, 2018 around 01:00 UTC. All ongoing transactions won't be credited towards the airdrop.

The NEO Council has decided to airdrop 20 million ONT to NEO holders as both a gift for the community and the effort to support a growing ecosystem of a new multipurpose cross-chain integration network.

The drop will consist of two phases in two equal parts in the same snapshot. The first phase will distribute 0.1 ONT per one NEO and will take around a week to be completed, following March 1. the remaining half will be locked until Onthology MainNet release later in the second quarter of the year. Further details will be available closer to the launch date of the Onthology MainNet.

Onthology is an ambitious project centered around building a decentralized trust ecosystem on a peer-to-peer blockchain network. It will enable cross-chain multipurpose network for industry, application and device infrastructural integration.

NEO to Release New High Scalability Platform

New solution is targeted at large enterprise clients
12 July 2018   324

NEO team announced that they are preparing to release a new version of its platform for large-scale enterprises. The new version will focus on usage scenarios that require high bandwidth, which will be achieved through the integration of a number of solutions, for example, sharding, which will allow the platform to scale effectively. This is reported by NewsBTC.

NEO 3.0 will be an entirely new version of the NEO platform, built for large-scale enterprise use cases. It will provide higher TPS and stability, expanded APIs for smart contracts, optimized economic and pricing models, and much more. Most importantly, we will entirely redesign NEO’s core modules.
 

Erik Zhang

Co-founder and core developer, NEO 

The platform will use a new economic model. According to the current plan, the developers will make NEO a divisible unit and will provide a small annual increase in gas emissions. The developers recognized that the current model using NEO / GAS isn't the most effective, since NEO was an indivisible unit in the calculations, and GAS could not be divided when paying commissions.

The NEO token used to be indivisible. It caused some troubles. We are trying to change it so in the future the NEO token will be divisible just like Ether or Bitcoin. That’s one of the biggest changes.
 

Da Hongfei 

CEO, NEO

The developers' proposal has already met with negative public reaction. Some believe that in the new system, the nodes will be able to manipulate the price of gas in order to maximize their own profit, while others assume that the divisibility of NEO will devalue the GAS.

The main task in ensuring NEO's compliance with corporate standards remains to increase the bandwidth of the platform. To achieve this, NEO will reorganize the code and base modules, optimize the protocol and prepare for the integration of dynamic shading.

Also, developers intend to implement support for cross-platform smart contracts, which can be launched in various blockchains, if they conform to the standard NEO 3.0. To achieve this, it is necessary to implement the support of such contracts in the NEO virtual machine (NeoVM) and to issue unified APIs.