NEO is a community-driven open source platform that leverages blockchain technology and digital identity to develop Investors can digitize and automate asset management through smart contracts. NEO is committed to building the next-generation Internet infrastructure through a distributed network, laying the foundation for the large-scale implementation of blockchain technology to realize the grand vision of an intelligent economy.
Project Introduction
NEO is based on blockchain technology, converts real assets into digital assets, realizes intelligent management through smart contracts, and users select digital certificate authentication Organizations implement identity authentication. NEO is used to achieve management rights over the NEO network. NEO is one of the public chain projects with relatively high popularity in the community at home and abroad.
NEO blockchain integrates peer-to-peer networks, Byzantine fault tolerance, digital certificates, smart The combination of a series of technologies such as contracts, superconducting transactions, and cross-chain interoperability protocols allows you to manage your smart assets quickly, efficiently, safely and legally.
Consensus mechanism: DBFT
DBFT stands for Delegated Byzantine Fault Tolerant, which is a Byzantine fault-tolerant consensus mechanism that achieves large-scale node participation in consensus through proxy voting. Holders of NEO management tokens can vote for the bookkeepers they support. Then, the selected bookkeeper group uses the BFT algorithm to reach a consensus and generate a new block. Voting takes place continuously in real-time on the NEO network, not on a fixed term basis.
DBFT provides f=⌊ for a consensus system consisting of n consensus nodes (n-1)/3⌋ fault tolerance, which includes both security and availability, is resistant to general failures and Byzantine failures, and is applicable to any network environment. DBFT has good finality, one confirmation is final confirmation, the block cannot be forked, and the transaction will not be revoked or rolled back.
Under NEO's DBFT consensus mechanism, a zone is generated every 15~20 seconds block, the measured transaction throughput can reach about 1000tps, which has excellent performance in the public chain. With proper optimization, it has the ability to reach 10,000 TPS, which can support large-scale commercial applications.
DBFT combines digital identity technology, so that the bookkeeper can be a real-name individual or mechanism. This makes unconventional operations such as freezing, revocation, inheritance, retrieval, and judicial decision transfer possible. This facilitates the registration and issuance of compliant financial assets in the NEO network. The NEO Network plans to support such operations as necessary.
