The developers of the NEO project have started creating a new version of the platform - NEO 3.0. Users will now be able to access both cross-platform and NEO smart contracts, and the network will be much more...
The developers of the NEO project have started creating a new version of the platform - NEO 3.0. Users will now be able to access both cross-platform and NEO smart contracts, and the network will be much more stable. This one more important change that will affect the economic model of NEO. This continued innovation is what is dividing the community into two camps.
Now the system has two types of tokens - NEO and GAS. GAS is more similar to a conventional cryptocurrency and is used as an internal means of payment. NEO tokens are intended for investors and grant the right to a certain share in the network. A technological feature of NEO is that they do not have fractional parts, as in Bitcoin and most other cryptocurrencies, and users can only spend a whole number of tokens. This is due to the way the system is set up.
In the new version of the platform it is possible to use a fractional number of NEO's.
Many members in the community believe the developers' decision is stupid, as well as criticizing the platform management model as a whole. While other users are making suggestions for changing the product. The main place for these discussions is GitHub.
Interestingly, some of the developers also do not approve of the coming changes. For example, one of the company's top programmers, Hongfei, believes that NEO should remain indivisible. He believes that the fragmentation of the token at the current rate of about $30 does not make sense. The token allows owners to vote for a few changes, and the amount less than the cost of one NEO simply does not change anything in this process.
While the stormy discussion about the structure of NEO 3.0 continues, and final decisions have not been made yet, investors have a fairly limited impact on the development process. Many users point out that there is a possibility of voting in the system, which means that investors themselves could choose the best way to develop NEO. However, the company does not intend to hold a vote among the token holders as of now, and the project team will most likely determine the future of the platform on their own.
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