Cryptocurrency

30/04/19 05:25 UTC-4

NEO cryptocurrency expects a global update and a new blockchain

Update and new blockchain for NEO
Update and new blockchain for NEO

On April 29th, NEO's founder, Eric Jean, announced that the coin will be fully updated for the third time. The NEO 3.0 protocol will be launched from the new genesis-block and will have a series of scalability improvements.

 

NEO update to version 3.0

On April 29, Eric Jean published a press release for the new version of the NEO cryptocurrency. According to the message in Medium, the cryptocurrency will switch to a new blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
and start working with a new genesis-block. NEO upgrade to version 3.0 is necessary to improve the performance, scalability and performance of the coin.

Interesting in the section: GAS and it's unique features

"The current cryptocurrency ecosystem is not compatible with the ability to improve performance (...) NEO 3.0 will become a reliable blockchain implementation with high bandwidth, increased stability and security, an optimized system of smart-contracts and a set of multifunctional infrastructures for various business application scenarios." – Eric Jean.

At the same time, Jean's message also states that the updated blockchain will have all the information about previous transactions. All data will be transferred to the new chain. NEO tokens that worked in 2.0 blockchain must be exchanged for new ones in orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details
to continue working with cryptocurrency.

NEO crypto-coin will be fully updated and will switch to a new blockchain. Recall that Eric Jean will be one of the speakers at the Singapore blockchain conference, where he will talk about the new version of NEO 3.0.

Editor: Godfrid Brower

See also: "An unknown hacker stole $ 8 million from Ethereum wallets"

#NEO #cryptocurrency #Eric #blockchainupdate #cryptocurrencyblockchain #NEOscalability

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