Loads of new people are arriving to this subreddit, welcome! Here is a small overview of Neo's upcoming upgrade: NEO N3.
# After four years of stable MainNet operation, Neo is undergoing its biggest evolution as it migrates to N3 — the most powerful and feature rich version of the Neo blockchain to date.
It was developed by developers all around the world which includes former Microsoft engineers and former Microsoft.NET executive John deVadoss, who leads NEO Global Development Seattle. NEO chose to work quietly and effectively, without hype. NEO Global Development has around $1.5 billion in funding left to keep on developing the coming years. Enough to survive multiple bear markets.
*These are the main features of NEO N3, in short.*
1. **MULTI-LANGUAGE SUPPORT:** Hit the ground running with a language you already know and love. As with any new paradigm, blockchain development comes with a learning curve. Rather than introducing additional overhead, Neo helps developers by integrating seamlessly with the world's most widely used languages and tools.
2. **DECENTRALIZED STORAGE:** Enjoy the benefits with no compromises on NeoFS. Your data, always securely encrypted and available. Maintain full control over where it is placed and how it is accessed to deliver your users a first class experience. Phase out centralized dependencies with the most reliable and performant decentralized storage solution. With HTTP and S3 gateways, no rearchitecting is required to integrate existing applications or users with NeoFS. Not looking to integrate, but want to participate? Earn GAS for leasing your unused storage.
3. **NATIVE ORACLE:** With Neo's native oracle service, it becomes trivial for developers to tap into any external resources. Smart contracts are a revolutionary tool, but their usefulness is naturally limited by the data they can access. The native oracle service introduced in N3 allows developers to access rich off-chain data sources through HTTPS or NeoFS requests, opening up new opportunities to create valuable decentralized services.
4. **SELF-SOVEREIGN IDENTITY:** Use verifiab...