NEO is holding a summit

NEO Council is going to host NEO.Amsterdam Summit on April 14 to kick off second NEO Europe Tour
06 April 2018   508

NEO Council has announced it is organizing NEO.Amsterdam on April 14 at the DeLaMar Theater venue. The event is made in collaboration with Distributed.Foundation and nOS, and signifies the start of the second NEO Europe Tour. The summit will span for 2 days featuring over 10 presentations from NEO ecosystem projects with NEO, Ontology and VDT.Network.

The amount of passion and engagement we saw at our previous NEO Amsterdam event was incredible. I have 100% faith that the NEO.Amsterdam Summit will be a great success, which is why we’re hosting it at one of the city’s highest quality venues: The DeLaMar Theater.

 

Dean van Dugteren

Founder, VDT.Network

Day 1 is a conference sessions with such speakers as Dido Ma (QLink), Alan Fong (Moonlight), Zhu Fei (Zeepin), Mathias Leach Glintborg (Ontology), Dean van Dugteren (VDT.Network) and others. Day 2 is a hackathon with the following agenda:

  • 09.30 | Registration and breakfast
  • 10.00 | Workshop
  • 10.30 | Start coding
  • 13.00 | Lunch
  • 18.00 | Dinner buffet
  • 22.30 | Submit and drinks
  • 23.30 | Winner Ceremony with NEO Co-founder Erik Zhang

Limited Early Bid Tickets are available at €37.50. At the moment of publication, the market parameters of NEO are as follows

Average price: $45.01

Market cap: $2,925,591,500

Volume (24H): $51,539,000

NEO to Release New High Scalability Platform

New solution is targeted at large enterprise clients
12 July 2018   252

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.