Global hackathon by NEO×QRC in Tokyo

NEO blockchain and technology platform QRC are holding NEO×QRC Global hackathon event taking place on April 13-15 in Tokyo to address the growth and incubation of new blockchain projects
05 April 2018   381

NEO blockchain project with regulation and technology platform QRC will host a global hackathon event in Tokyo on April 13 through 15 at Handshake Lounge of G.Itoya venue. This is an open invitation for teams and individuals to create dApps on the NEO blockchain with prizes awarded in NEO token. The focus of the event is the growth and incubation of new blockchain projects.

NEO and QRC are going to provide technical guidance throughout the hackathon as participants will be busy designing a blockchain project on the NEO platform. As the projects get finished, the teams will give a commercial demonstration of their finished product. Apart from NEO token awards the best teams will be granted with an incubation support offered by QRC.

The dApps categories include: regtech certification for examination and tracking, Internet of Things for remote controls or statistics, financial implementation for taxation, reports, and verifications, or an original project of the team’s design.

There are no signup fees and the highest skill team will get introduced to markets around the world via the network of QRC business partners. At the moment of publication the market parameters for NEO are as follows

Average price: $46.29

Market cap: $3,008,765,500

Average price: $66,880,300

NEO to Release New High Scalability Platform

New solution is targeted at large enterprise clients
12 July 2018   131

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.