Release Of NEO 3.0 On Native Blockchain, Implies Running Of Large-Scale Apps And Token Swap

Launch Of NEO 3.0 On Native Blockchain, Means Running Of Large-Scale Apps And Token Swap!

During NEO DevCon 2019, which took place on February 16^th, 2019, Co-Founder of NEO, Erik Zhang revealed the news on NEO 3.0 through a pre-recorded video presentation. As per his message, the significance of this endeavor is, “To enable NEO to support large-scale commercial applications.”

It was further noted that in order to make said goal a reality, three requirements need assessment, which includes reliability, performance/ transactions per second and storage. (medium)

All this being said, according to news outlet, Cointelegraph, who happens to have been in contact with the NEO team, NEO 3.0 is preparing to launch on its respective blockchain network. This news was supposedly revealed on Monday, April 29, 2019.

As for the changes that will be implemented, all of the data and recordkeeping of transactions will be moved onto NEO 3.0 and, “concurrent development branches will be in place before the MainNet launch.” Over the course of time, more specs will be included – some of which have been unveiled as being decentralized applications and tools that developers can benefit from.

The new blockchain is expected to be ready and running by the second quarter of 2020 with its TestNet rolling in June 2019. Here’s what Zhang had to say in terms of what is anticipated for the future:

“In the future, we’d like to see applications such as YouTube, Alipay, and gaming giants like Tencent and Blizzard run on blockchain, and Neo 3.0 will allow these big organizations to do that.”