Roadmap of NEO 3.0 Development. Alongside these changes, NEO 3.0 will also feature a simplified validation model with the goal of greatly improving the time it takes for transactions to be verified, and to allow the validations to happen in parallel. As soon as the transaction can be publicly witnessed in a block, the transfer has been fully settled. Last year, NEO revealed a roadmap of network upgrades leading into 2020 to alleviate long-standing network issues and improve network efficiency. However, the primary principles are set as follows: Application scenarios of NeoVM outside the blockchain. Company Management. NEO 3.0 will be a large scale commercial application ready implementation with high throughput, enhanced stability, an optimized smart contract system, and a feature-packed infrastructure set. By allowing developers to access data from the Internet, NEO contracts will be able to serve an extended variety of use cases. NEO Global Development Monthly Report – February, 2019 As the pricing model will likely only be updated as part of the changes tied to NEO 3.0, high deployment costs may still act as a barrier to entry in the interim. In that sense – it’s similar to Identity Authentication or Alert Notification services. It features fast startup, low resource consumption, and supports multiple high-level programming languages to allow developers to build contracts with familiar tools. Without UTXO assets, NEO can then remove defunct transaction types and consolidate the existing 9 transaction types into a single one. With this feature, developers can easily develop more sophisticated or scenario-specific oracles based on NEO, and develop more diverse DApps that rely on external data. For these reasons, we do not need to continue to support global assets in NEO 3.0. Digital identity refers to the identity information of individuals, organizations, and other entities that exist in electronic form. ROADMAP. This feature is made possible by the design of dBFT 2.0, which allows consensus nodes to resolve any inconsistency in this external data. Referring to a built-in oracle implementation for NEO 3.0, Internet resource access allows smart contracts to read data from external sources on the Internet during execution. In much the same way as the Lightning Network aims to improve bitcoin’s scalability, Trinity is designed to improve NEO’s transaction processing times. These three parts provide a mathematical model to abstract the real world, forming the basis of NeoID. An early adopter incentive plan designed to encourage users and dApps to migrate is being planned. In-Development Features. However, before the launch of the NEO 3.0 MainNet, we will have two concurrent development branches for NEO 2.x and NEO 3.0. These contracts could be leveraged for numerous applications, such as being responsible for handling the voting mechanism or native assets such as NEO and GAS. The Privacy Model describes the privacy protection scheme for users’ online data. Decoupling NeoVM from the blockchain also allows it to be cleanly integrated into IDEs (integrated development environments) to allow developers to create NEO smart contracts with support from the tools used in their daily workflow. But from 2020 and thereafter, it might take a faster pace as it has its roadmap sorted and full of growth and developments planned. Why? NeoFS is an integrated, decentralized file storage platform built on NEO. However, Zhang shared the defining principles that the finalized migration plan will follow: The original article may be read at the link below: Marketing Strategy. In NEO 3.0, we will redesign the P2P protocol, add support for the UDP communications protocol, and enable compression options. Data and transaction records on NEO 2.x will be permanently retained. Exchange users will be unaffected by the migration. Token holders will need to swap tokens to activate new ones on NEO 3.0. The first additional feature of NEO 3.0 is dBFT 2.0, an updated version of NEO’s original consensus mechanism, which is due to launch on NEO 2.x following the conclusion of its testing on TestNet. In dBFT 2.0, we added a recovery mechanism that greatly improved the stability of the consensus algorithm. Product Roadmap . NEO Ventures 45*% Subscribe to our Newsletter. Import of arbitrary external temperature profile (a.k.a user-defined temperature program) as function of time for using in predictions. The NGD team will provide comprehensive technical support for the migration of DApps. What’s Done in 2020 Staking Support for 12 Assets. The cornerstone of our efforts is NEO 3.0, which will be a robust blockchain implementation with high throughput, enhanced stability and security, an optimized smart contract system, and a feature-packed infrastructure set for diverse business application scenarios. The NEO protocol can be extended for deeper integration with NeoFS, allowing storage on data nodes instead of blockchain ledger. The actual Kinetics Neo version 2.4.6 was released on January 30, 2020. In many cases economic model is tightly interlaced with governance mechanism, therefore they will be treated as an integrated system. Afterward, those orders are intended to be batched and settled on first layer blockchains like Neo, Bitcoin, and Ethereum. One month later, Zilliqa (ZIL) will likely perform a mainnet upgrade. Will be more than happy if you stick with us next year and many others! For one thing, neo is faster, requiring only about 20 seconds for full confirmation, compared to ethereum, which can take a few minutes and bitcoin which might take up to an hour sometimes. The basis of NeoID is formed by the combination of three models: The use of decentralized identities is hoped to “empower users and organizations to have better control of their identities” and provide users of the smart economy with a more secure and trustworthy experience. Flamingo Finance is an interoperable full-stack DeFi Protocol that runs on the Neo blockchain. pavel@neoventures.net. ... @neo_bitcoin. The Game Model describes the benefits and penalties of actions within the trust network. There are several benefits to this: In addition, NeoVM will also include some new features, such as support for static members, exception handling, and more. Moreover, NeoFS can be used to create private distributed storage systems for SMEs, which use regular servers or clusters (data centers), and for storing large amounts of unstructured IoT data. The update also includes a recovery mechanism, improving the stability of the NEO blockchain by allowing nodes that fail due to hardware or network errors to be quickly reconnected and ready to participate in consensus again automatically. In addition, the proposed platform uses a novel zero-knowledge data validation method based on homomorphic hashing to minimize data transfers. Q4 2020 Planes. If you love blockchain, writing and the NEO ecosystem, we want you to contribute to NEO News Today. In 2019, we will be actively collaborating with experts from the academia, industry and community to explore various governance mechanisms including liquid democracy, futarchy and some others emerged in recent times. Alchemint has released an updated roadmap for 2020, which includes platform improvement benchmarks for interacting with the Neo blockchain, a mobile application, preparation for the Neo3 blockchain, plus other goals.. Whenever a new feature is developed, it will be deployed to the TestNet to allow developers to test their DApps. ← Move from App Center Auth and Data Preview services to alternative Azure services before 3 May 2020 Update servers and applications to TLS 1.2 by March 13, 2020 → Azure DevOps Roadmap update for 2020 … NEO Future Projects. Like (0) Jens G. October 19, 2020 at 9:54 am. This helps to maintain network scalability by minimizing computational costs on storage node and validation nodes, and ensures a large number of parallel interactions. NeoFS contains a scalable data placement method. For financial applications, the finality of a transaction is a necessity. Project Atlas is going to get rolled out in 2020, which would integrate TRON's latest acquisition- BitTorrent to make it even more secure. 2020 so far: Ice Lake and Comet Lake. As part of NEO 3.0, these assets will also be implemented through smart contracts. Before introducing the features and refinements planned as part of NEO 3.0 development, Zhang re-affirmed the importance of governance in the “evolution of a blockchain as the common good collectively owned by stakeholders and more broadly the entire surrounding communities.”. About ... June 9, 2020 Blog. On the flip side, we keenly recognize governance’s pivotal role in the long-term evolution of a blockchain as the common good collectively owned by stakeholders and more broadly the entire surrounding communities. For the user, this means that transactions will never be dropped or reversed after appearing on the blockchain. NeoID will not only support a decentralized identifier issuance model but will also be compatible with the X.509 level certificate issuance model. With these architectural adjustments, the performance of NEO 3.0 base layer will be substantially increased by orders of magnitude. Read our step-by-step guide to find out more about buying NEO What’s coming up in NEO’s roadmap. It is through this batching tactic that trade settlements can become scalable and inexpensive, with purportedly low or even zero network fees. Due to this security-focused approach, a several month delay may occur before the official launch of NEO 3.0. Future Roadmap developement Ruleset re-definition. NEO 3.0 development is expected to be completed in Q2 of 2020, though with security in mind, a rigorous quality insurance phase will be conducted and could result in delays as long as several months. Now he spends most of his time contributing in the Neo ecosystem. https://medium.com/neo-smart-economy/roadmap-of-neo-3-0-development-e2ae64edf226. As consensus nodes are required to come to a shared consensus on a new block before it is committed to the blockchain, dBFT provides single block finality, meaning the NEO blockchain cannot be forked and transactions are irreversible. More later. ... NEO Ventures ScoreCard. Neo Monthly Report - May 2020 Some of these improvements are not compatible with NEO 2.x. Microsoft says many tools could arrive as early as December, but some are extending further into the SharePoint Online roadmap. March 1, 2019 Blog. NEO 3.0 will have a built-in Oracle implementation that allows smart contracts to access Internet resources during execution. If a suitable system is found, following “extensive research and simulation” it can be published as a NEP (NEO Enhancement Proposal). Kinetics Neo Roadmap. This is expected to greatly improve the TPS and stability of the network. On April 29th, NEO co-founder and core developer Erik Zhang published a roadmap documenting the development plan for NEO 3.0.Planned for launch in Q2 2020, NEO 3.0 is an optimized version of the current NEO 2.x protocol that aims to introduce new functionality and allow the blockchain to support large-scale commercial applications. In Q1 2020, Alchemint intends to optimize platform performance and the user experience of interacting with the Neo blockchain. Zhang also noted that following the NEO 3.0 MainNet launch, NEO Foundation and NEO Global Development will provide funding and technical support respectively to any developers that need to migrate their dApps from NEO 2.x. In order to address the high deployment and operational costs of smart contracts on NEO, Zhang announced that “significant reductions” in these costs will occur in the future. One example of new functionality is support for native contracts; code that runs directly on the blockchain instead of being executed by NeoVM. Inconsistencies between nodes when accessing Internet resources can be resolved thanks to the security and efficiency of dBFT 2.0. It empowers users and organizations to have better control of their identities and delivers a higher degree of trust and security to the smart economy. NEO SPCC aims to launch its platform beta on NEO 2.x in Q3 2019. For quality assurance purposes, a review phase will be set up, during which imperfect features will be removed and necessary new features will be rigorously tested. In the post, Zhang confirmed that migration from NEO 2.x to NEO 3.0 will need to occur, though due to the number of moving parts in development, a comprehensive migration plan has not yet been devised. Since global assets will no longer exist, these related transactions are rendered obsolete. However, this new architecture can lead to incompatibility with NEO 2.x. NeoVM will be completely decoupled from the blockchain in NEO 3.0, which is intended to offer several benefits including the support of non-blockchain applications, easy contract debugging without needing blockchain data, and new functionality. The key development in NEO’s roadmap for 2018 is the Trinity Network. Fine control over object location and minimal data movement in case of storage node failures are achieved by using a subset of a network map and storage policy rules for object placement, along with Rendezvous hashing for node selection. More information will be made available as it progresses. In addition, NeoFS could be used to store old block data instead of full nodes, further increasing the scalability of NEO. If you have any specific aircraft or function you would like to see, please send us an e-mail at land@flightdeck.to or fill in the contact form. Neo, a blockchain platform with an international community and a part of the Neo Foundation, says it has been amplifying its support for high-potential developers and participants through its EcoBoost program — and Switcheo, ... NEO Roadmap Panel Discussion. like us on Facebook. The users of the exchanges will not be affected. Future Releases. All costs incurred during migration by developers (such as contract redeployment or testing) will be reimbursed by the NEO Foundation. This year, we implemented staking for AWC, ZIL, ADA, BAND, ICON, ATOM, XTZ, TRX, KMD, NEO, ALGO, VET. Powered by blockchain and decentralized system. On April 29th, NEO co-founder and core developer Erik Zhang published a roadmap documenting the development plan for NEO 3.0. 1. The Trust Model describes the rules of trust in this distributed network. The current pricing model becomes a significant obstacle in the gas application scenarios, and thus hinders the continuous growth of DApp development and usage on NEO platform. Currently, the relatively high cost of deploying and running smart contracts leads to a reluctance in smart contract usage and development. Token holders will need to swap tokens for NEO 3.0 versions. Both iterations will be developed in parallel until a point is reached where new implementations are not backwards compatible with the existing blockchain. All wonders are possible. This is hoped to encourage developers to deploy dApps on NEO, leading to an increase in the consumption of GAS. NeoBitcoin is developing economic globally. NEPs regarding on-chain governance changes will be published if satisfying outcomes are achieved after extensive research and simulation. NEO Global Development will provide comprehensive technical support for dApp migration. For example, RegisterTransaction and IssueTransaction are related to the creation and distribution of global assets. Identity Provisioning is another interesting example, which although running on Neo (which is the least interesting part about it) is able to provision users across a large variety of systems, including Neo, CF, ABAP, Google G-Suite, Azure AD, etc. After the launch of the NEO 3.0 MainNet, we will also provide funding and technical support to assist developers in the migration of their DApps from NEO 2.x to NEO 3.0. Switcheo unveils TradeHub and 2020 roadmap April 2, 2020 in General. Q2 2020 May - Aug 2020. Check our release history for more information. ... 04-Dec-2020 | Data Sheet . NeoFS is a distributed decentralized object storage platform integrated with NEO. It will be primarily used by dApps as data storage infrastructure, in addition to acting as a Content Delivery Network. How we compare: Based on Unrealized Gains 30/09/2020. ... Until December 31, 2020 Release. 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