April delivered another concrete step on the road to Neo3 with the release of Preview2. The new version brings with it many enhancements, including upgrades to the NeoVM with an instruction performance increase of up to 16x.
The smart contract system also received upgrades, such as new contract IDs that remove the need for data migration during contract updates, permission controls at the manifest and contract levels, and new utilities such as JSON parsing and GAS balance requests.
The release of Neo3 Preview2 is hoped to accelerate the development of Neo3 tools and allow the community to begin the migration of existing tools.
As communities all over the world continue to adjust to life in a world with COVID-19, many traditional offline and networking events have moved towards online virtual events. This was the case for BlockDown 2020, at which Neo founder, Da Hongfei, delivered a presentation.
During his talk, entitled Blockchain in a Post-Pandemic World, Hongfei focused on how blockchain may solve potential long-term problems that result from the coronavirus pandemic. He also discussed new features in Neo3, and gave an update on the progress of Neo’s cross-chain interoperability protocol.
Finally, April also saw the Neo Foundation release its 2019 financial report, which included details on expenditures and assets under management. The Neo Foundation reported a total spend of 1,760,015 NEO in 2019 on various areas within the Neo ecosystem and closed the year with approximately US $449,970,190 in assets under management.
The full Neo global monthly report can be found below.