NEO is now supported at eToro platform

This addition marks the ninth supported cryptocurrency on the platform
19 February 2018   641

NEO smart economy platform shared some exciting news today. Now its native token can be traded on the largest social investment platform eToro. NEO with 8 other reputable cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, etc.) have added a diversity to eToro. At present investors are looking at altcoins, and the established reputation of eToro for providing security and verification greatly aid the investment search.

Already in 2018 we’ve seen attention shift away from mainstream cryptocurrencies and the market share of altcoins is increasing all the time.

 

Yoni Assia

eToro Co-founder and CEO

NEO is designated platform for developing distributed applications based on smart contracts. It has a blockchain algorithm of its own that potentially can make the platform very attractive to e-commerce opportunities. Currently, its market cap is around $7.2 bln and that makes it roughly the 7th biggest cryptocurrency.

Along with the main eToro trading platform, NEO will be presented at its Crypto CopyFund. The fund uses Contract for Differences to allow the investors to diversify across all 9 available cryptocurrencies in a matter of a click.

We are constantly seeking to identify and assess new concepts as they emerge and we are committed to bringing the best crypto assets onto our platform for our users to invest in.

 

Yoni Assia

eToro Co-founder and CEO

NEO to Release New High Scalability Platform

New solution is targeted at large enterprise clients
12 July 2018   123

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.