NEO Moves to New Blockchain, What Should NEO Owners Do?

NEO move to the new blockchain, and the most important problem NEO owners want to know is what they will do. The network, called NEO 3.0, still has to be completed, but the test network is less processing.

The NEO crypto, called Ethereum from China, is being transported to the new blockchain network, and will undergo a full revision. The new NEO blockchain network is called NEO 3.0.

On April 29, the NEO published a NEO 3.0 map. According to this statement, NEO token owners need to exchange with old ones to activate the new token at NEO 3.0.

But it is still too early for a comprehensive change plan. Because the new NEO 3.0 blockchain network is scheduled to be completed in the second quarter of 2020. The test network will be processed in June 2019.

According to Eric Zhang, one of the founders of NEO and core developer, a new blockchain is needed to improve scalability, performance and network stability. Eric Zhang, who explained more about NEO 3.0, said that some updates came from the genesis block and were not compatible with the current blcokchain NEO structure. Therefore the new blockchain transition is mandatory.

Zhang also said that due to incompatibility of new structural improvements, all user information, all data and records of NEO transactions will be transferred to NEO 3.0. He stressed that decentralization (dApps) was also included. By using these features, developers will have the opportunity to build new applications and new NEO ecosystems on more sophisticated features.

Zhang also said that the new increase would increase the speed and stability of the NEO, allowing for greater business transactions. In the future, we want to see game giants like YouTube, Alipay and Tencent and Blizzard working on blockchain, and Neo 3.0 will allow this big organization to do this, YouTube said Zhang.

NEO 3.0 will be completed in the second quarter of 2020. Ethereum 2.0 is expected to expire in 2021. Both highly advanced blockchain protocols are expected to re-enter a race.