Neon Wallet 0.2.0 Released

Let's check what's new in the 0.2.0 version of NEO blockchain wallet
12 March 2018   1069

What is Neon Wallet?

Neon Wallet is an open source cross-platform light wallet for the NEO blockchain available on Windows, Mac OS, and Linux.

Neon Wallet
Neon Wallet

What's new in version 0.2.0?

According to the developers, these are main bug fixes and updates of new version.

Bug Fixes:

  • Fixed various math issues that would cause transactions and claims to fail.
  • Fixed issue with NEP-5 token balances not displaying.
  • Fixed "out of date" wallet notification to not display for new releases.

Updates:

  • Added load balancing for API requests.
  • Added NEP-5 script hashes for IAM, ONT, THOR.
  • Updated GAS claim to wait for updated claims before calculating amount.
  • Updated Ledger dependencies & implementation to address issues with hardware wallets.
  • Updated dashboard to hide zero-balance NEP-5 tokens.
  • Updated send modal to not close when "escape" key is pressed.
  • Updated underlying architecture for simplified development & future improvements.

NEO to Release New High Scalability Platform

New solution is targeted at large enterprise clients
12 July 2018   407

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.