Any and every cryptocurrency project needs to keep evolving and growing at all times. Especially in the altcoin world, there is a lot of pressure on developers to ensure a blockchain stays relevant. As far as NEO is concerned, it seems the upcoming NEO 3.0 release will offer some interesting changes. How it will impact the token’s price, remains a bit unclear, as it has been a rough year for this altcoin.
Introducing dBFT 2.0
Anyone who is not familiar with most of the acronyms in the cryptocurrency world today will not be aware of what dBFT is. It stands for Delegated Byzantine Fault Tolerance, which acts as a consensus mechanism. It requires the use of consensus nodes which are elected through a voting process, which is similar to how NEO works under the hood today.
With the new iteration of this consensus mechanism, there will be some welcome additions. A recovery mechanism will help improve the current stability of this technology. Given how there is always a chance the network would go down if the nodes fail, having…