NEO released trade and payment platform

NEO blockchain project made an annoucement of the release of cryptographic trade and payment service creation built on NEO
21 November 2017   927

NEO, a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a "smart economy" with a distributed network, made an annoucement, stating that NEX, a platform for complex decentralized cryptographic trade and payment service creation, was released on November 21.

NEX is stated to be a trade and payment platform that combines the NEO blockchain with an off-chain matching engine to enable faster and more complex trades than existing decentralized exchanges. 

The whitepaper and roadmap were published on the official website on NEX service. It was stated that NEX plans to hold token sale in the first quarter of 2018, planning to sell 25 million tokens to the public of a total pool of 50 million. The exact dates of the token sale are unknown yet.

On Novemer 19, the price of NEO cryptocurrency jumped up due to the announcement of Malcolm Lerider, NEO council and senior R & D Manager, which did not contain any exact information but stated that three pieces of news were yet to come in 3 days. The news of the release of NEX platform seems to be one of the big news alongside with the news of first NEO and Microsoft developer’s competition which will be held from November 20, 2017 to  March 10, 2018.

During last 24 hours NEO has been steadily losing its positions falling down by almost 10% from the price of $42,8 with market capitalisation of $2,7 billion on November 20 to the price of $36,9 with market capitalisation of $2,4 billion on November 21.

At the moment of press, these are main market parameters of NEO:

  • Average price: $36,97 
  • Marketcap: $2,402,829,000 
  • 24h volume: $242,893,000

NEO to Release New High Scalability Platform

New solution is targeted at large enterprise clients
12 July 2018   407

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.