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NEO consensus protocol upgraded, on schedule for NEO 3.0

NEO upgraded its consensus mechanism ahead of the scheduled move to NEO 3.0 in 2020.


Often referred to as “Chinese Ethereum,” the company has been making moves in 2019 to increase its global footprint. NEO recently opened a U.S. office―NEO Global Development Seattle, led by former Microsoft executive John deVadoss―and hosted its second developer conference in the same city.


Part of the process of readying the NEO blockchain for version 3.0 involved updating its Byzantine Fault Tolerance (dBFT) consensus mechanism. The upgrade to 2.0 makes the algorithm more resistant to disruptions and node failures, said a representative from NEO.


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