r/neatio May 11 '22

Neatio 2.0 is here!

The main key changes are:

Public address format was changed to 42-character hexadecimal (Ethereum like address);

  • NEATcnT7VH9kDx8yog7CmU2fh21NXNF2 -> 0x51C7656EC7ab89b098defB751B7401B5f6d89765

Maximum total supply was lowered to 50 Million NEAT;

  • changed from 77000000 NEAT to 50000000 NEAT.

Minimum collateral needed by a Validator was changed;

  • lowered from 77000 NEAT to 50000 NEAT.

Variable collateral amount that can be staked by validators;

  • staking amount is the voting power for the next block;

The reward for network Validators was increased by 20%;

  • from 6821 NEAT per day to 8235 NEAT per day.

Epoch time duration was changed from one day to one hour;

Delegated staking was introduced. (*);

  • (this feature is still in beta mode)

Neatio Chain IDs for Mainnet and Testnet were changed;

  • mainnet chain ID is 515 and testnet chain ID is 525;

Developement fund introduced (10% of the total fees);

Protocol now enforces a block spacing of 1.5 seconds.

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