NEO 3.0 Launches Testnet, Prepares for Overhaul in 2020

NEO 3.0, the long-awaited project, has launched its testnet. The new network will have to fix the flaws in the current NEO system. In the past years, NEO attempted to compete with and showed features of being one of the leading networks.

However, the chain was soon displaced by newer projects with more viable protocols. The chief flaw of NEO was the network that only had seven verification nodes. Thus, consensus could come under attack.

The new NEO network and the NEO Virtual Machine will have built-in features for the chief operational needs. The NEO and GAS tokens will remain, as well as a Policy Contract. This smart contract will deal…

This article appeared first on Cryptovest

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