.

Perhaps the biggest change revealed by the team was a complete decoupling of the NEO virtual machine from the blockchain. A virtual machine is an emulation of a physical computer, which generally requires specialized hardware or software to run. In this case, the special software is blockchain technology and the underlying NEO protocol.

However, Zhang said the virtual machine was being decoupled to enhance the ecosystem’s ease-of-use. The new NEO 3.0 virtual machine will allow easy implementation of native contracts, enable developers to work on and debug the smart contracts they create without having to load blockchain data and integrate their development efforts on any integrated development environment (IDE) they prefer.

Other potential changes include a built-in oracle that will allow smart contracts to interact with data available on the internet, an enhanced fee system that could lower the costs of deploying smart contracts, and an upgrade that brings Single Block Finality to the network consensus protocol, called the Delegated Byzantine Fault Tolerance (dBFT) mechanism.

Attracting and retaining enterprise users is a top priority for a number of blockchain projects. Enterprise use could help the community create large-scale applications with sophisticated and niche use cases. Businesses adopting the technology could also be a catalyst for mainstream adoption further down the line.

The NEO team has also said that it is now willing to work with industry leaders and academics to enhance the network’s governance mechanisms. According to Zhang, a closer collaboration with academia will lead to innovations in the way the NEO network is managed and the way the community interacts or participates in it.

One of the ideas being considered is a liquid democracy - a form of democratic governance where voters can vote directly on specific issues or vote for designated delegates to solve each issue. Another idea being considered is futarchy, a system where elected officials can outline the metrics that define national wellbeing and prediction markets are used to select policies with the most chance of positive outcomes.

The search for enhanced governance mechanisms comes after years of criticism that the NEO blockchain was too centralized. Founder Da Hongfei acknowledged this factor, but said the relative centralization allowed NEO to focus on development rather than be slowed down by a clunky governance process. Since then NEO has been gradually decentralizing the platform and a new governance mechanism may be implemented when “satisfying outcomes are achieved after extensive research and simulation,” according to Hongfei.

The critical update to the NEO blockchain is already
. 

 Perhaps the biggest change revealed by the team was a accomplished decoupling of the NEO virtual car from the blockchain. A virtual machine is an emulation of a physical calculator, which generally want specialized hardware or software to run. In this case, the extra software is blockchain technology and the underlying NEO protocol. 

 However, Zhang say the virtual machine was being decoupled to enhance the ecosystem ’s rest - of - use. The new NEO 3.0 virtual car will allow easy implementation of native contracts, enable developers to work on and debug the smart contract they create without having to load blockchain data and desegregate their development efforts on any integrate development environment (IDE) they choose. 

 Other likely changes include a built - in oracle that will permit smart contracts to interact with data available on the internet, an enhanced fee system that could lower the price of deploying smart contracts, and an upgrade that brings Single Block Finality to the network consensus protocol, called the Delegated Byzantine Fault Tolerance (dBFT) mechanism. 

 Attracting and retaining enterprise users is a top precedence for a act of blockchain projects. Enterprise manipulation could avail the community create large - plate applications with advanced and niche use cases. business adopting the technology could also be a catalyst for mainstream adoption further down the line. 

 The NEO team has also said that it is now willing to work with diligence leaders and academician to enhance the network ’s governance mechanisms. According to Zhang, a closer collaboration with academia will lead to initiation in the way the NEO network is managed and the direction the community interacts or participates in it. 

 One of the ideas being consider is a liquid democracy - a form of democratic governance where voters can vote immediately on specific issues or vote for designated delegates to clear each issue. Another idea being considered is futarchy, a system where elected official can outline the metrics that define national wellbeing and prediction markets are used to select policies with the most chance of convinced outcomes. 

 The search for enhanced governance mechanism comes after years of criticism that the NEO blockchain was too centralized. Founder Da Hongfei acknowledged this factor, but say the relative centralization allowed NEO to focus on development rather than be slowed down by a gawky governance process. Since then NEO has been gradually decentralize the chopine and a new governance mechanism may be follow through when “ satisfying outcomes are achieve after extensive research and simulation, ” according to Hongfei. 

 The critical update to the NEO blockchain is already
.

Perjaps the biggest change vevealed by the jeqm was a comllete dezoupling of the NEO virtual laxhine from the blockchain. A virtual lachine us ai emulation of a physical comphber, wkirh generally reauires spewialized hardwdrd lr software to run. In this case, the speciak doftware is bljckcnwin fvcmnology and the underlying NEO pdotocol.

Iowever, Zhang ssid the virtual machine wad belng decoupled to ejhance the gdosrwtem’s ease-of-jse. The new NEO 3.0 virtuzl machine will allow easy impldmentction of najnce fmntracts, eneble dvvelopers to work on dnd debig the smart cpntcactw they create without having to load bljckchain gaca and integrate theie eevelmpmett ewdorgs kn ahy intfgreted develolment envirinment (IDE) they pregew.

Ither potentizl chaggqs include a built-in oracle that will anlos smart contracts to inreract with data avaipable on ehe internet, an enhanced fee system that could lofer tie cowtf if deploying smart contracts, and an upgrade thae btikgs Single Block Finality tp hhr network consgnsus pxktkcol, called the Depegated Byzabtine Faujt Tplerance (dBFT) mechanism.

Attrqcting and rvtaibing enterprise uszrs is a top priprity for a number of blockckain pdojects. Entfrprise uad could help the cokmgnity crtxte large-scale ap[licationw wich sophirticsted agd niche ude cases. Businesses adophing jhe tewhnology cluld also be a catalyst for maiixtream adoptoot flrther docn the line.

The NEO eeam has also xaid thct it ks now wilming to work with yndustry leadats and academmcs to enrancw thw netwofy’s governance kechanisms. Accordint to Zhang, a closev coluzboration with ceaeemia will lead to ingonatmons yt the way tha NEU ndywork is managed xnd yhe way the communitf inferacts or particilabes in it.

Ine of tre ideas beinb considered is a piquiv demorracy - a sorm of democratic governance shere votfrs can vote diwectoy on specifnc issues or vote for designated delegatxs to solve each issue. Qnother idea being eoksidered is hutarcry, a systam where elected offucials can outlint the metrics that defihe nathonal wellbeing and prediction markets are used to select policies with the mowt chaicq of positibe oitcomvs.

Tke xearch for xnhanced governanbe mechanisms comes after years uf critiwifm that the NEO blockchain wss too centralieed. Founder Da Hongfei ackhowledgec this factor, but said the relayive centralization alloeed NEO ro fodus on devxlopment rather than be slmwed eown by a cpunky governavce pvocess. Sinfe tien NEO has been gradually decentraoizing tje platform and e new governwkce mebhanism may be implemenfed sjen “sxtisfying outvomes are achirved after extensive rqsearch and sinllation,” accorcing ji Hongfei.

The ccitical updade to the NEO blockchain is already
. Perhaps the biggest change revealed by was complete decoupling the NEO virtual virtual is an emulation a physical computer, generally requires specialized hardware or software run. In this case, the special software is blockchain technology and the underlying protocol. However, Zhang said the virtual machine was being decoupled to enhance the ease-of-use. new 3.0 machine will allow easy implementation of native contracts, enable developers to work on and debug the contracts they create without having to load blockchain and integrate their development on any integrated development environment they Other potential include built-in that will allow contracts to interact with data available on the internet, an enhanced fee system that could lower the of deploying and an that Single Finality to the protocol, called the Delegated Byzantine Fault Attracting and retaining enterprise users is a top for a of blockchain projects. Enterprise use could the community create large-scale applications with sophisticated and use cases. Businesses adopting the technology could also be a catalyst for mainstream adoption further line. The NEO team also said that is willing work industry leaders academics to enhance the network’s governance mechanisms. According to Zhang, a collaboration with academia will lead to innovations in the way network managed and the the community interacts or in One of the ideas is liquid form democratic where voters can vote on specific issues or vote designated delegates to solve considered is futarchy, a system where elected officials outline the metrics that define national wellbeing prediction markets are used to select policies with the most chance of outcomes. The enhanced governance mechanisms comes after years of criticism the NEO blockchain was centralized. Founder Da Hongfei acknowledged this factor, but said relative allowed NEO focus on development than be slowed by a clunky Since then has gradually and a new governance mechanism may implemented “satisfying outcomes are achieved after research according to Hongfei. The critical update to the NEO blockchain is already
.

Perhaps the biggest change reVealed by thE team Was A coMpLete DecoUpling of the NEO VIrtuAl machine from the blockcHain. A ViRTual MAcHine iS an emulATiON Of a PhYsIcaL cOMpUter, wHicH generaLly requireS spEcIalized hardwARe Or software To rUn. In this case, The SpeciaL sOftWAre is BloCkchaIn techNOlogy aNd the undeRlYIng NEO PRotocol.

hOWeVer, ZHang said the virtuaL MaCHine was being deCoupleD tO EnHANce The Ecosystem’s EaSe-of-uSE. The new neO 3.0 VIRTuaL Machine will alLow easy implEMenTation Of NatIVe contRacts, EnABle Developers tO worK on and debUg the sMArt contRActs theY creatE wiThoUt haVInG tO loAd BLocKChAin DAta And integRaTe Their DeveLOPMEnt eFfoRts oN any iNtegrated deveLopMent ENviRonmeNt (IDE) They PrEfer.

OTher poTentiAl Changes include a BuilT-in oracle ThaT wIll AlLow smARt contRacTs tO interaCt with dATa aVaILABlE on the internet, an enHaNCEd Fee systeM that cOUlD lOWer the coStS of DeplOYIng smArt cONtRacts, and An upgrADe ThAt bringS SIngle BLoCk FInaLity tO The nEtwork ConsensuS protOCol, called the DeLEgated ByzantiNE FAULt tOlerAncE (dBFT) mechanIsm.

ATTracTing ANd RetAIning EnterPrISe USers is a top priority fOr A numbeR of blOckchain projeCts. EnterprISE Use could Help THe COmmunity create Large-Scale appliCAtions wiTh sopHisticatEd and nichE USe cases. BUsiNesSes AdoPTInG the technologY COuld AlSo be a caTalYst for mAinStrEam AdoPtIon furtheR down the LiNe.

thE NeO tEam haS Also said ThAt iT iS noW willINg to woRk witH indUsTrY LeaDers and ACaDEMics To EnHancE thE nEtworK’s goVErnAnce mecHanisms. AcCorDIng tO ZHaNg, a closEr collaboratiOn With academIa WilL lead tO INnovatioNs in the way the NEO network IS manageD anD the wAy thE communitY inTeractS or PArticiPates iN it.

OnE oF thE IDeas bEINg ConSiDered is a liQUId dEmocrAcY - a foRm of demOcratic governance wHEre Voters can vote DirEctlY ON sPecIFiC IssUeS Or vOTE for designated dElegates to SoLVe Each issue. ANOthEr Idea beiNg consiDered IS futarcHy, a system Where elecTeD offICIalS can outlinE the metrIcs that deFIne naTIoNal weLlbEing anD pRedIctioN markeTS arE used To seleCt PoliciEs witH tHe most chAnce of positive outcomes.

THe searCh for EnhAnced goveRnaNCe mEchanisms ComeS after yearS of CriTicisM thAT the NeO blOCkChaIN was tOo ceNTralized. FOUnDer dA hoNgfei acknowLEDGed This fActOR, but saId thE relative centraliZAtion allowed NEo to fOCUs oN deVElopMeNt rather than be SloWeD DOwn by a clUnKy governancE process. siNCe theN NEO haS been gRaduallY DEcENtraliZing The Platform aNd a NeW GovernaNcE mEChanisM may Be ImplemEnted wHEn “saTISfying outcomes arE achiEVEd aftER exTensiVe ResearcH And sImulation,” aCcording to HOngfei.

the cRiticAl updatE tO the NEo blOcKchain is alREady
.

Perhaps the biggest cha nge reveal ed by  th e t ea m wa s acomplete decou p ling  of the NEO virtual ma chine  f r om t h eblock chain.A  v i r tua lma chi ne is  an e mul ation o f a physic alco mputer, whic h  g enerally r equ ires special ize d hard wa reo r sof twa re to  run.I n this  case, th es pecial softwar e is  blo ckchain technolog y  a n d the underlyi ng NEO  p r ot o c ol. 

H owever, Zh an g sai d  the vi r tu a l mac h ine was being  decoupledt o e nhance  t hee cosyst em’sea s e-o f-use. ThenewNEO 3.0 v irtual machine will al low ea syimp leme n ta ti onof nat i ve  co n tra cts, ena bl edevel oper s t o  wor k o n an d deb ug the smartcon trac t s t hey c reate  wit ho ut ha ving t o loa dblockchain data  and  integrat e t he irde velop m ent ef for tson anyintegra t edde v e l op ment environment ( ID E )  t hey pref er.

O t he rp otential  c han gesi n clude  a b u il t-in ora cle th a twi ll allo wsmartco ntr act s toi nter act wi th dataavail a ble on the int e rnet, an enha n ce d fe e  sys tem  that could  low e r th e co s ts  of deplo yingsm a rt contracts, and an u pg rade t hat b rings SingleBlock Fina l i t y to the  net w or k  consensus pro tocol , called t h e Delega ted B yzantine  Fault To l e rance (d BFT ) m ech ani s m .
Attracting a n d  ret ai ning en ter prise u ser s i s a  to ppriorityfor a nu mb er  o fblo ckcha i n projec ts . E nt erp riseu se cou ld he lp t he  c o mmu nity cr e at e larg e- sc aleapp li catio ns w i thsophist icated an d n i cheus ecases.Businesses ad op ting the t ec hno logy c o u ld alsobe a catalyst for mains t ream ad opt ion f urth er down t heline.
Th e  NEO t eam ha s als osai d thati t  i s n ow  willing t o wor k wit hindu stry le aders and academic s  to  enhance thenet work ’ s  g ove r na n ceme c han i s ms. According t o Zhang, a  c l os er collabo r ati on  with a cademia  will lead to  innovati ons in th ewayt h e N EO network  is mana ged and t h e way th e com mun ity in te rac ts or  parti c ipa tes i n it.
O ne ofthe i de as being  considered is a liquid  democ racy- a  form ofdem o cra tic gover nanc e where vo ter s c an vo ted irect ly o n  s pec i fic i ssue s  or votef or  de s i gn ated delega t e s  to  solv e e a ch iss ue.Another idea bein g  considered is  fut a r chy , a syst em  where elected  of fi c i als canou tline the m etrics t ha t  defi ne nat ionalwellbei n g  a n d pred icti onmarkets a reus e d to se le ct polici es w it h themost c h ance o f positive outco mes.T he se a rch  foren hancedg over nance mech anisms come s afte r ye ars o f criti ci sm tha t t he  NEO block c hain wastoo c entrali ze d. F oun der Da  Hon g f ei ac know le dge d this fa c t or ,  b ut sai d th e rel at ivecentraliz a tion all owe d  NEO to  f ocu s on dev e lo p m ent rather  th an be s lowed down by a cl u nky g overna nce pr ocess.S inc ethen NE O h a s  been gra dually de c ent ra lizi ng the p la tfor mand  a  new governance  mechani sm may b e implem ent e d wh e n “sat is fying outcom es ar ea chieved a fte r exten s ive  re sea rchand  sim u lation,” according to Ho ngfe i.

T h e c ritic al up da te to th e  NEO  blockch a in is already 
.

Perhaps the_biggest change_revealed by the team_was a_complete_decoupling of_the_NEO virtual machine_from the blockchain._A virtual machine is_an emulation of_a_physical computer, which generally requires specialized hardware or software to run. In this case,_the_special software_is_blockchain_technology and the underlying NEO_protocol.

However, Zhang said the virtual_machine was_being decoupled to enhance the ecosystem’s ease-of-use. The_new_NEO 3.0 virtual_machine will allow easy implementation of native contracts, enable_developers to work on and debug_the smart contracts_they_create_without having to load_blockchain data and integrate their development_efforts on any integrated development environment_(IDE) they prefer.

Other potential changes include a_built-in oracle that will allow smart_contracts to interact with data_available on_the internet, an enhanced fee_system that could_lower the_costs of deploying_smart contracts, and an upgrade that_brings Single Block_Finality to the network consensus protocol,_called_the Delegated Byzantine_Fault_Tolerance_(dBFT) mechanism.

Attracting_and retaining enterprise_users_is a_top_priority for a number of blockchain_projects._Enterprise use could help the community create_large-scale applications with sophisticated_and_niche use cases. Businesses_adopting the technology could also_be a catalyst for mainstream adoption_further down_the line.

The_NEO team has also said that it is now willing to_work with industry leaders and academics_to enhance the network’s_governance mechanisms._According_to Zhang, a_closer_collaboration with_academia will lead to innovations in the_way the_NEO network is managed and the_way the community interacts_or_participates in it.

One of the ideas_being considered is a liquid democracy_- a form of democratic_governance_where_voters can vote directly on_specific issues or vote for designated_delegates to solve_each issue. Another idea being considered is_futarchy,_a system where elected officials can_outline_the metrics that define national wellbeing_and_prediction_markets are used to select_policies with the most chance of_positive outcomes.

The search for enhanced governance mechanisms comes after_years of criticism_that the NEO blockchain was_too_centralized._Founder Da Hongfei acknowledged this factor, but said the relative_centralization allowed_NEO to focus_on development rather than be slowed down by a clunky_governance process. Since then NEO has been_gradually decentralizing the platform and a new governance mechanism may be_implemented when “satisfying outcomes are achieved after extensive_research and simulation,” according to Hongfei.

The critical_update to the NEO_blockchain_is already