NEO (NEO) Founder Comes Up With New Roadmap To Boost The Future Of Smart Contracts


NEO (NEO) is one of the top cryptocurrencies in the market, and its underlying blockchain technology has been many times dubbed as the “Chinese Ethereum” because similarly to the ETH network it runs smart contracts. Now, Erik Zhang, NEO founder, comes up with a new roadmap to boost the future of smart contracts, a new development phase for NEO, the NEO 3.0.

Zhang presented the next version during a discussion with China Show, a Chinese YouTube channel.

“The initial design for NEO 3.0 was created to serve large-scale commercial applications, which is why we designed for technical features such as stability and high TPS. It also needs to be able to accommodate a huge amount of business data,” said Erik Zhang, NEO founder.

According to him, achieving those goals would improve NEO (NEO) ecosystem with a lot of new features for better support for smart contracts and a more robust blockchain.

NEO (NEO) new development stage, NEO 3.0, would boost smart contracts and DApps

“One of the things we really want to do is to reduce the cost for users who want to develop on NEO. Previously, deploying a smart contract would cost 500 GAS, and though this may be affordable for some developers, for others it is too expensive. So we have decided to reassess the pricing system as part of NEO 3.0 to compress those prices,” added Erik Zhang.

Also, he said that the NEO team tries to change the NEO token economics, to make the ecosystem more robust, and enhance the scalability.

“I think serving large-scale business and applications is going to be an important trend. If the blockchain ecosystem does not go in this direction, those entities will struggle to use the platform. It’s like building blocks,” said Erik Zhang, NEO (NEO) founder, referring to the importance of offering the required environment for the emergence of enterprise applications.

“We can put those proposals forward, but then the community will discuss and come to a consensus about what to include and what to change. So perhaps with NEO 3.0, half of them are my ideas, and the rest will come from the entire technical community,” Zhang concluded but not before adding that all these changes are meant to boost NEO (NEO).

Coins Mentioned

NEO

NEO

ETH

Ethereum

Icon
1xBit

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
BitStarz

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting industry....

Exchanges
Icon
CEX.IO

Read Review - Website

Icon
Coinbase

Read Review - Website

Icon
Binance

Read Review - Website

Casinos
Icon
7bitcasino

Read Review - Website

Icon
BitStarz

Read Review - Website

Icon
FortuneJack

Read Review - Website

Sportsbook
Icon
1xBit

Read Review - Website

Icon
Nitrogen Sports

Read Review - Website

Icon
SportBet.io

Read Review - Website

Trending news

Binance

Trending news

Top Exchanges
Icon
CEX.IO

4.00

Read Review - Website

Icon
Coinbase

4.48

Read Review - Website

Icon
Binance

4.50

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Top Sportsbook
Icon
1xBit

4.03

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

1400 Articles
7255 Followers