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NEO launched TestNet is for NEO3

NEO3 will only come in 2020, but Recently can get the developer Community is already a first Overview of where the journey for NEO is: The Testnet is "NEO3 Pre

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NEO launched TestNet is for NEO3

NEO3 will only come in 2020, but Recently can get the developer Community is already a first Overview of where the journey for NEO is: The Testnet is "NEO3 Preview1" was launched.

By Christopher clover
18. September 2019BTC$10.172,34 -0.43%part Facebook Twitter LinkedIn xing mail

as announced on The NEO Foundation with "NEO3 Preview1" the launch of the TestNet of the NEO3. As the Foundation announced on their Blog, it is in many ways a General overhaul of NEO2.x action.

the development of the Blockchain to speed up innovations for the future, will NEO3 put as a complete Revision of NEO2, developers to deliver a scalable platform with higher throughput, improved stability and security, an optimized Smart-Contract System and a feature-rich infrastructure.

Thus, a changeover from the current UTXO-transaction model (see Bitcoin) to improve to a Account/Balance model (see Ethereum) the functionality of NEO Smart Contracts. The NeoVM to in the future, regardless of the Blockchain be used.

so Far, there are in NEO eight different types of Transaction: miner TRANS-action, issue TRANS-action, claim, TRANS-action, enrollment TRANS action, register TRANS action, Contract, transaction, state of the TRANS-action, publish, TRANS-action, and the invocation of the TRANS-action. These will be replaced in NEO3 by a single type of transaction.

NEO3 with dBFT 2.0, the Block Size Limit and the new Pricing model

Also, the consensus mechanism dBFT (Delegated Byzantinan Fault Tolerance) undergoes an Update. dBFT 2.0 has a new Recovery feature. This will allow you to in the event of a network failure, a fast restoration.

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another new feature is the introduction of a maximum block size. The time stamp of blocks to use also in the future, the unit is milliseconds (ms) for applications in the area of Internet of things feasible. In addition, fees and charges incurred for the Placement of Smart Contracts will be reduced with the NEO3 System significantly.

NEO-founder Erik Zhang sees NEO3 Preview1 an important milestone:

With the pilot project NEO3 Preview1 we are to our goal of large-scale commercial applications provide, come a little closer, that is, in my opinion, of crucial importance for the realization of a smart economy and the Internet of the next Generation. In the future, we want to accelerate the development of NEO3 further, in order to overcome the current obstacles and to provide unmatched stability, throughput, and optimized developer experience.

On your Medium Blog, the NEO-Foundation offers in-depth insight into the technical Details of the NEO3. The developer Community of NEO is now encouraged to give Feedback NEO3 Preview1 to.

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