As a hardcore player on the blockchain track, NEO and its founder Da Shu (Da Hongfei) have kept a low profile in the past two years when the blockchain is booming.
Today, NEO, which has been dormant for a long time, finally showed up in public with its own products.
On September 5th, the Chinese blockchain project NEO launched three new products at the first NEO Community Assembly, namely NEO.ONE, a one-stop smart contract development engine developed by the NEO blockchain, and a distributed file system. NeoFS and Blockchain Toolkit NEO Blockchain Toolkit.
Three leaders from different countries introduced three products in detail, which shows NEO's decentralized team.from last year to now, NEO team has been focusing on the development of NEO3. Currently NEO3 is not fully launched, and the three new products released this time are an important part of NEO3.According to the roadmap of NEO3, the development of NEO 3.0 started in the fourth quarter of 2018 and is expected to be completed in the second quarter of 2020.
According to NEO founder Da Hongfei, NEO3 will use the upgraded consensus mechanism dBFT 2.0. The consensus algorithm has added a recovery mechanism so that when the network or nodes fail, they can recover quickly. In addition, NEO3 will also optimize price models, Internet resource access, P2P protocols, and virtual machines, and add built-in oracles, distributed identity protocols, and file systems.
He also shared two projects that NEO is working on. The first one is EcoBoost. NEO established a US$100 million incubation fund and cooperated with many companies in the industry to support blockchain entrepreneurs in terms of marketing and other aspects. The second is the cross-chain protocol. "Our goal is to connect existing public chains through a cross-chain protocol, rather than allowing other developers to develop new chains to connect to NEO." Therefore, this protocol needs to be very friendly, low-threshold, and of course it needs to guarantee transactions atomicity and security.
Da Hongfei believes that the blockchain has gone through the Coin explosion era to the Chain explosion era. However, in his opinion, the architecture of the next-generation Internet is divided into four layers:
Layer 0 is the lowest infrastructure, including operating systems, network protocols, cloud services, 5G, etc.; Layer 1 is the state and settlement layer, including public chains, alliance chains, and centralized ledgers; the upper transaction layer Layer 2 It includes state channels, side chains, and local ledgers; the top Layer 3 is the application layer, where browsers and applications are located. Components such as the decentralized identity authentication system, decentralized file system, and oracle machine are located between layers 1 and 2.
For example, the digital currency payment and settlement system (DCEP, Digital Currency Electronic Payment) issued by the central bank is on the second layer. NEO's products are mainly located on floors 1-2.
In the final communication session, Odaily asked Da Hongfei what he thinks of the phenomenon that there are real users and landing scenarios in the blockchain today, but most of them are investors who "speculate coins"?
Da Hongfei said frankly that neither NEO nor other public chains have any practical application today and are in a very immature stage. "We're all building roads, and the roads everyone's building aren't even connected."
However, he believes that blockchain is very suitable for financial application scenarios. "This is the future, and we don't know how to get from the current situation to this future. But I still believe that there will be many commercial applications running on it in the future, and I think hybrid (chain) will be a good path."
In addition, when asked how to compete with big companies such as Ali and Tencent that have already implemented some blockchain applications. Da Hongfei said that Alibaba and Tencent's blockchain applications have not brought into full play the potential of the public chain. He believes that a license-free, open-source public chain is very important. "If you build a permissioned chain, there is even less imagination. We are not on the same track as them."
According to the Huobi market, as of 2:15 pm on September 5, the price of NEO was around 9.05USDT.
