![]() NEO holders can vote for order bookkeeping, network parameter changes, and more. The first token is NEO, and it represents having the right to manage the network. ![]() Next, Neo N3 works on a dual- token model, and this model allows the network users to take part in the ecosystem without reducing their stake amount. At the same time, regulatory compliance and filtering out bots can also be ensured via this customizable verification.Īdvanced Interoperability: Neo N3 is connected to a vast number of blockchains enabling cross-chain interaction as easily as the native platform transaction. The users can customize the needed precise level of attribute verification to ensure the correct functionality of the contract. Self-Sovereign Identity: Neo N3 seeks to utilize verifiable credentials for an additional layer of authentication to user’s applications. This results in opening up new opportunities for creating high-scale decentralized services. Neo N3’s native oracle feature allows the developers to access off-chain data sources. Native Oracle: Smart contracts function as a revolutionary tool for accessing data however, these contracts do have a few natural limitations. Additionally, the user data aims to stay securely encrypted and available for a first-class user experience. The platform developers have integrated the most widely used languages and tools to better the user experience.ĭecentralized Storage: Neo N3 seeks to introduce the network users to a reliable and performant decentralized storage solution-a storage solution that has no centralized dependencies. Multi-Language Support: Neo N3 seeks to eliminate the language barrier and allows the users to operate in a language they know and love. The N3 version of Neo is aiming to bring innovative and state-of-the-art features to the platform: ![]() Smart contracts are just like regular contracts however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. The Neo Legacy has been running with a stable mainnet for the last four years however, Neo has migrated to a more powerful and feature-rich version of the Neo blockchain to date, N3, as per the website. The platform combines digital assets, digital identities, and special smart contracts to build a self-managed smart economy for the future. Neo is a distributed network that utilizes blockchain technology to digitize assets.
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