NEO Relaunching O3 Mobile Wallet

NEO software engineers announce relaunch of O3 mobile wallet which was removed from the App Store soon after it gained several thousand users from all around the world
17 January 2018   762

NEO team announced relaunch of O3 wallet NEO mobile clients, which they have been developing from 2017.The wallet was live on the App Store for about one week, and gained several thousand users, but soon was removed from the Store.

The team of NEO reported that during December of 2017and January of 2018 they continued trying to solve the problem with Apple, and on January 17 they announced relaunch of iOS version and release of Android Version of O3.

At the moment of press, these are main market parameters of NEO:

  • Average price: $96,69
  • Marketcap: $6 284 629 000
  • 24h volume: $993 703 000

NEO to Release New High Scalability Platform

New solution is targeted at large enterprise clients
12 July 2018   316

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.