The Neo Council has approved and executed a proposal on Neo N3 MainNet to reduce block generation time to 3 seconds (setMillisecondsPerBlock=3000) and adjust GAS issuance to 1 GAS per block (setGasPerBlock=100000000).

Block time improves network responsiveness and transaction finality, while GAS per block ensures the GAS issuance rate remains stable.

The governance action bundled two chained native contract invocations into a single atomic proposal executed via the Policy contract. The proposal passed with 13 out of 21 Council votes, exceeding the required quorum of 11.

Transaction hash:
0x50f683f5db177d2e23d11882c411e5cec37c446213d9cea3174d9ad30db836f1

Details of the governance vote:
https://www.neo3scan.com/tools/governance/12

This update optimizes Neo N3 for future network demand and represents a strong example of decentralized governance in action, where Council members collaborate to make coordinated protocol-level decisions in the long-term interest of the Neo ecosystem.