“This NEO platform will provide higher transaction per second [TPS], automized stability and make the NEO platform ready for the real enterprise use cases to be deployed on top it.”Moreover:
“As for the storage capacity we are also researching on the NEO FS, NEO’s decentralized file storage. We have NeoX protocol in our roadmap which will allow the cross chain interoperability.”The plan for NEO 3.0 is to eventually see a TPS of 100,000 by 2020. This is compared to a current average of 100 TPS on the NEO network. In the interview, Zhang also discusses a problem with spam transactions on the NEO network and highlights how NEO 3.0 has been designed to help reduce instances of this:
“When exchanges are facing congestion of the transactions they can implement certain GAS fees in order to prioritise certain transactions. The network is operating well despite the spam and we are continuing to improve the platform and development will not be stopped by such a spam attack.”The future looks bright for NEO. The conception of NEO 3.0 is just the start of NEO’s progression. By 2020 we should expect to see 100,000 TPS, but it doesn’t mean NEO will stop there. This is a project with an ambitious outlook and NEO really does have the chance to fly, not just in China, but across the rest of the world too.