Neo Name Service to provide easy to remember wallet names

NEO Global Capital partners with Fenbushi Capital to expand NEO ecosystem with its own DNS analogue for wallet adresses – Neo's Name Service
14 May 2018   165

Long and confusing wallet names has long been a bane of existence for the inattentive users of cryptocurrencies. NEO Global Capital plans to change the situation by partnering with Fenbushi Capital in development and testing of the newest project – Neo's Name Service Project (NNS).

NNS is a twist on the existing technology of Domain Name Service.in this case it's not just a comprehensible name for an IP-address, but a decentralized, open-source and extensible domain name system based on the NEO blockchain. The main reason behind the project is to replace long and hard to remember wordless codes, such as a wallet address, with a human-readable word or phrase to allow users to access the wallet or a smart contract in the future without marking it down, which is unsecure in the long run, or trying to commit them to memory.

Neo's Name Service will allow users to register .neo domains that can be used instead of public keys for the incoming transactions.

In regards to partnership, it deserves a little background. NEO Global Capital is a Venture Capital firm which aims to assist blockchain projects that enrich the NEO ecosystem and help it develop. Fenbushi Capital is also a Venture Capital firm with a reputation of giving large donations for promising blockchain startups and projects. Also Fenbushi holds a NEO consensus node running on the Testnet blockchain. So this partnership validates the NNS projects as a beneficial entity to the whole of NEO ecosystem.

Lisbon is hosting a meetup and a workshop by NEO

The second stop of NEO Europe tour is set at Lisbon on April 17 that will comprise a meetup session and a workshop opportunity
10 April 2018   285

Following its APAC tour, NEO launches its Europe tour spanning the whole April. It starts off in Amsterdam, and then it stops in Lisbon. Portuguese blockchain and cryptocurrencies association APBC will support the meetup on April 17. The agenda is as follows:

  • 18:30-18:50  NEO
  • 18:50-19:10  Phantasma
  • 19:10-19:30  nOS
  • 19:30-19:50  Alchemint
  • 19:50-20:10  Moonlight
  • 20:10-20:30  TBD

Prior to the meetup itself, NEO will hold a workshop session on the same day. A hands-on developer workshop will be hosted by City of Zion's Sergio Flores. The workshop is titled as "Learn how to work with smart contracts on NEO blockchain". The workshop is intended for developers only and a guided coding session will be conducted.

At the moment of publication, NEO market characteristics are as follows

Average price: $50.94

Market cap: $3,310,892,000

Volume (24H): $105,497,000