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  • NEO 3.0 new feature to address smart contract short-comings.
  • The new features will see NEO support largescale commercial applications using the blockchain technology.

NEO recently launched the much-awaited NEO 3.0; an event that saw investor take another look at the asset after an elongated crypto winter. In fact, the company behind NEO has announced that it is working on a new set of features for the NEO 3.0 protocol and a new roadmap too. NEO is working to change the narrative in the cryptocurrency industry by addressing the shortcomings of smart contracts execution.

The new features will see NEO support largescale commercial applications using the blockchain technology. In the previous version dBFT 2.0, NEO introduced a recovery mechanism that helped strengthen the stability of the network. The new feature is soon to be released in addition to reduced smart contracts operating fees. It will also have a “built-in oracle implementation that allows smart contracts to access Internet resources should increase the usability and adoption of their platform going forward.”

“The mass adoption of blockchain tech is imminent. NEO 3.0 will be a large scale commercial application ready implementation with high throughput, enhanced stability, an optimized smart contract system, and a feature-packed infrastructure set,” said Erik Zhang, the founder and core developer at NEO.