Binance lists NEO

China-based blockchain asset exchange Binance announced adding NEO trading pairs
20 November 2017   1575

On November 20, Binance, a cryptocurrency exchange based in Tokyo, made an announcement that it is going to list NEO, a cryptocurrecy based on smart asset platform and the first open source public blockchain project in China. 

As it is stated in the announcement, NEO/USDT and NEO/BNB trading pairs are now available on Binance.

NEO currency saw an unexpected price jump during past 7 days which might be connected to the announcement made by Malcolm Lerider, NEO council and senior R & D Manager, in twitter.

Currently, the cryptocurrency NEO with NEO/BTC trading pair takes 1st placeby 24h Volume in the list of currencies listed on Binance.

Previously, the chinese exchange Binance announced adding Monaco tokens to the platform in August 2017, and it announced support for Zcash in November 2017.

At the time of press the price of NEO is $40 and the market capitalisation is $2,6 billion.

NEO to Release New High Scalability Platform

New solution is targeted at large enterprise clients
12 July 2018   129

NEO team announced that they are preparing to release a new version of its platform for large-scale enterprises. The new version will focus on usage scenarios that require high bandwidth, which will be achieved through the integration of a number of solutions, for example, sharding, which will allow the platform to scale effectively. This is reported by NewsBTC.

NEO 3.0 will be an entirely new version of the NEO platform, built for large-scale enterprise use cases. It will provide higher TPS and stability, expanded APIs for smart contracts, optimized economic and pricing models, and much more. Most importantly, we will entirely redesign NEO’s core modules.
 

Erik Zhang

Co-founder and core developer, NEO 

The platform will use a new economic model. According to the current plan, the developers will make NEO a divisible unit and will provide a small annual increase in gas emissions. The developers recognized that the current model using NEO / GAS isn't the most effective, since NEO was an indivisible unit in the calculations, and GAS could not be divided when paying commissions.

The NEO token used to be indivisible. It caused some troubles. We are trying to change it so in the future the NEO token will be divisible just like Ether or Bitcoin. That’s one of the biggest changes.
 

Da Hongfei 

CEO, NEO

The developers' proposal has already met with negative public reaction. Some believe that in the new system, the nodes will be able to manipulate the price of gas in order to maximize their own profit, while others assume that the divisibility of NEO will devalue the GAS.

The main task in ensuring NEO's compliance with corporate standards remains to increase the bandwidth of the platform. To achieve this, NEO will reorganize the code and base modules, optimize the protocol and prepare for the integration of dynamic shading.

Also, developers intend to implement support for cross-platform smart contracts, which can be launched in various blockchains, if they conform to the standard NEO 3.0. To achieve this, it is necessary to implement the support of such contracts in the NEO virtual machine (NeoVM) and to issue unified APIs.