Topic: | NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug10 - page 68. (Read 241278 times)

NEO 3.0-This will be a great upgrade. I will share official links as well as paste blog announcement


The link corresponds with the info pasted below https://neo.org/blog/details/4091


What's Next for NEO

Author [email protected] posted on 7/10/2018


In the past year, together with the NEO community, we accomplished the development of NEO 2.x. NEO 2.x provided essential infrastructure mechanics of the NEO Smart Economy. Now, it's time to look ahead. What's next? The short answer is NEO 3.0, of which development started in the last quarter (Q2 2018).

What is NEO 3.0? What are the key features of NEO 3.0? Today, NEO co-founder and core developer Erik Zhang shares with us the latest features and improvements of NEO 3.0.

 Erik Zhang:

NEO 3.0 will be an entirely new version of the NEO platform, built for large scale enterprise use cases. It will provide higher TPS and stability, expanded APIs for smart contracts, optimized economic and pricing models, and much more. Most importantly, we will entirely redesign NEO's core modules.

 1. Various Improvements

1.1. Increasing TPS

Increasing the TPS is important if we want to run large-scale distributed applications on NEO. In NEO 3.0, we will increase the TPS in the following ways:

    Refactor the code and core modules
    Optimize the network protocol
    Implement the feature manifest and permission system for NeoContract
    Prepare for dynamic sharding
    Detach state persistence and block persistence

 1.2. Bug fixes

In NEO 3.0, we will fix some known bugs and significantly improve system stability.

 2. Protocol

2.1. Adjusting the economic model

We designed a dual-token economic model for NEO, which has proven to be a very successful model. However, there were also problems: NEO was indivisible, and GAS could not be divided when paying for system fees (sys_fee). These issues were roadblocks for the utility of NEO and GAS tokens. To solve this problem, some adjustments to the economic model need to be applied. Some of the possible adjustments are:

    A small increase in the supply of gas every year
    Reward consensus nodes
    Make NEO divisible
    Allow gas to use the decimal part when being used for system fees

(This is suggestion only. This issue is being discussed at: https://github.com/neo-project/neo/issues/285)

2.2. Adjusting the system pricing model

For developers, expensive system fees have become a primary concern. In NEO 3.0 we will make adjustments to the pricing model so that the cost of running and deploying smart contracts will be significantly cheaper.

 3. Smart Contract

3.1. Cross-platform smart contracts

Smart contracts should be able to be executed on different blockchain platforms, if they're made compatible with NEO 3.0. To achieve this, we need not only NeoVM support, but also unified smart contract APIs. In addition, we also provide an API for platform detection.

    System.Runtime.Platform

This allows the smart contract to detect the current platform at runtime.

3.2. Feature manifest and permission system

When a smart contract is deployed, it must explicitly declare the features and permissions it will use. When it is running, it will be limited by its declared list of features and permissions, and cannot make any behavior beyond the scope of the list.

3.3. Native contracts

Native contracts are smart contracts that are not run in a virtual machine. Instead, it's built directly into the blockchain code. Native contracts can still expose their script hashes to other contracts, so that other contracts can invoke them.

Native contracts can allow for the interaction with NEO and GAS (and all global assets) as NEP-5 tokens. This introduces a unified approach for sending and receiving assets in smart contracts.

3.4. Callback APIs

Create callback functions for smart contracts or SYSCALL, and allow other contracts to perform tasks through callback functions, which can work with iterators.

3.5. Other new APIs

We will add some new APIs to NEO 3.0. Some APIs that may be added:

    System.Account.IsStandard
    System.Runtime.GetEntryContract
    System.Runtime.GetCallingContract
    System.Runtime.GetExecutingContract
    System.Runtime.GetInvocationCounter
    System.Runtime.GetNotifications

 4. NeoVM

4.1. Fully decoupled

Currently, contract invocations are made with the APPCALL instruction (and the corresponding stack isolation instruction), and NeoVM will directly look for the target contract. This is unreasonable because the list of smart contracts on the blockchain should not be directly visible to NeoVM.

We need to create a new API to invoke contracts with SYSCALL, and discard the original APPCALL instructions. This would introduce two additional benefits:

    We do not need to do extra work to implement stack isolation, because invoking a new contract in SYSCALL will start a new virtual machine.
    We can easily implement native contracts.

 4.2. Support for global variables

Currently, NeoVM does not support global variables. The code with global variables will fail to compile. This is because NeoVM is a stack based virtual machine, with no storage methods for global variables. This makes it difficult to compile smart contracts written in high-level languages. To solve this problem, we need to add a global array for the virtual machine to store all the global variables. We also need to add a new opcode (“GLOBAL”) which pushes the global array to the evaluation stack. Then we can use PICKITEM and SETITEM to access global variables.

 
5. Conclusion

NEO will be reborn in 3.0 and will better serve the Smart Economy. In the future I will present more features of NEO 3.0, and publish a series of articles detailing technical points more in-depth.

You can see all the current improvement proposals for NEO 3.0 on the GitHub. (Github link: https://github.com/neo-project/neo/milestone/1) And we warmly welcome discussions and suggestions from the community on these proposals.

Ontology MainNet token swap is live!!

I was able to easily swap ONT to Main Net ONT easily through the ONTO app. It does take several hours to sync so do not become alarmed.

You can read the official announcement as well as instructions here https://medium.com/ontologynetwork/ontologys-official-app-onto-is-live-d9f15ddca5fc

NEO 3.O | Time Locked Voting Contracts? | Enterprise Focused
Live Neo Crypto News | $NEO $ONT $ELA
https://www.youtube.com/watch?v=5IPiN0SlAhw

Neon wallet 0.2.6 is available for download  
Fixes update and white screen errors!
https://neonwallet.com

Thanks @fabwa & CoZ!   

Remember when Neo was still called Antshares and worth less than $5 a piece. They called it "The Ethereum of China". Crypto grows up so fast :') .

This is true. They just ignoring people in telegram and people cant withdraw money from this exchange. Seems admins go away with money.

NEO ecosystem projects urge users to withdraw funds from Bitpaction

Multiple NEO ecosystem projects are urging users to withdraw their funds from Bitpaction exchange after increasing red flags and no communication from the Bitpaction team leadership. Bitpaction currently lists multiple NEP-5 tokens, including: Master Contact Token (MCT), Bridge (TOLL), Orbis (OBT), Narrative (NRVE), Travala (AVA) and Loopring NEO tokens (LRN).
https://neonewstoday.com/exchanges/neo-ecosystem-projects-urge-users-to-withdraw-funds-from-bitpaction/

Which support from government you mean? I read article from one Chinese billionaire that Neo will die soon. May be this fud was before some existing news?

Ya for sure; I have a copy of Aphelion installed for backup just in case 

Had Aphelion v1.2.2 but upgraded to v1.7.0 

You can use private key or encrypted key if you have the password 

Tried the Neon wallet just now and I'm getting the same error message too. It's not all doom and gloom though as I use the neo-gui wallet too and it's working fine, it's always good to have a backup.

Ya I just opened Neon and got the same warning  

Edit: saw this on Discord "0.2.5 is the latest version - everyone is getting a message about being out of date because the API that Neon uses to check for the latest version is down."

If you hit F12 (in Windows; Cmd-Opt-I on Mac) this is what you'll see in Console:

So IM using My Neon wallet have had 0.2.5 for long time get this message

,,Warning Error checking wallet version! Please make sure you have downloaded the latest version:
https://github com/CityOfZion/neon-wallet/releases,, But I alltedy have 0.2.5 version, but trying to login just gives me a empty withe wallet

any one knowing what's going on ?

Lots of good new regarding the NEO platform.. Aphelion, Ontology, etc [ that's 'et cetera' not Ethereum Classic ]

Aphelion has launched its decentralized trading platform on the NEO TestNet. Aphelion aims to enable token trading in a decentralized and trustless environment using its Distributed Exchange Asset Ledger (DEAL).
https://neonewstoday.com/general/aphelion-launches-wallet-based-dex-on-neo-testnet/

Ontology has announced a strategic partnership with Business Data Network (BDN), a decentralized global business data ecology that connects enterprise and personal users through the tokenization of business data.
https://neonewstoday.com/general/ontology-forms-strategic-cooperation-with-business-data-network-bdn/

NEO breaks out again, this time with momentum.
https://www.fxstreet.com/cryptocurrencies/news/neo-breaks-out-again-this-time-with-momentum-201807080643

Exactly first of all it need to get stable on above $100 than market will decide the further direction of this market. $1k looking very attractive to keep dreaming but I don't think in current market situation this will happen in short time of period. So many people will be happy with x2 increase if this will move to this level.

Neo about to reach $1000 that's ridiculous for me. For now just waiting over $200 let's at least get back this level before thoughs that hype. Well, time will tell in which directions it follow, there depends on a lot of factors though.

NEON Wallet Review: Wallet for NEO
Tutorial on How to Add NEP5 Tokens
https://youtu.be/tv4clyLEeCY

NEO Technical Analysis:
Bulls resting for now - another run expected soon!
https://cryptovest.com/news/neo-technical-analysis-bulls-resting-for-now-another-run-expected-soon

Yes, you are right NEO is becoming most valuable coin in the coming days because they have very support from the Chinese government, i suggest many time to the people NEO will cross more than 1000$ very soon but for that, we need to have little patience.

https://globalcoinreport.com/neo-neo-wont-remain-this-cheap-for-much-longer

NEO's ecosystem is growing larger and larger. This is a successful encryption currency project. The further development in the future is worth the expectation of NEO holders.