NEO founder and core developer Erik Zhang attended DoraHacks, a leading Chinese hackathon, as a judge from July 19-22.

Based on the event’s theme of “Bringing About the 4th Industrial Transformation,” Erik delivered an opening speech, which focused on how blockchain technology will enable the future of the Internet.

“I am confident that blockchain technology will shape the future of the internet, starting with a paradigm shift in terms of computing. With this, I foresee the Internet shifting from being application-centric to user-centric by giving full control to the users,” he said.

“Developers have long been at the core of our company. Through NEO3, we aim to provide enhanced support, an upgraded infrastructure, and a suite of tools to empower our developers to realize next-generation decentralized apps.

“Within the past few decades, China has undergone an Internet transformation, one that’s fundamentally changed people’s lives. Moving forward, NEO anticipates an even greater transformation coming our way as blockchain adoption accelerates, and as we advance towards rolling out NEO3.”

He encouraged participants to embrace innovation and blockchain to accelerate the development of decentralized applications, built on the blockchain, and build a smart economy.

Connecting the future of the Internet and NEO, Erik also discussed the following elements of NEO3’s development and how they are helping better support developers: 

  • dBFT 2.0 was launched in May – The consensus delegated Byzantine fault tolerance mechanism has been improved to guarantee immediate transaction finality and includes a recovery method to help failed nodes on the NEO network get back online with minimal disruption.
  • NeoFS, NeoID, and other products will soon be launched – NeoFS is a distributed decentralized object storage platform integrated with the NEO blockchain, while NeoID is a decentralized identity protocol built by NEO.

At the event Erik also introduced the audience to NEO EcoBoost, describing it as a way for NEO to provide comprehensive support for developers as well as Dapps and infrastructural upgrading.

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