Red Pulse and NEX to Develop Crypto Conversion App

Red Pulse announced partnership with NEX, which will develop a seamless fiat-to-crypto conversion solution for Red Pulse users
08 February 2018   753

Red Pulse is a research firm covering market events impacting Chinese companies, sectors and the overall economy. It aims to deliver the info in real-time via web portal, iOS app, email and partner distribution platforms, giving analysts, investors, traders and advisers the edge they need to make better informed decisions.

On February 8 of 2018 Red Pulse has made an announcement stating that it is partnering with NEON Exchange NEX, which combines the NEO blockchain with an off-chain matching engine to enable complex trades.

Accodring to the announcement published on Medium, Red Pulse will be the first NEP-5 based decentralized application to be included on the platform, allowing purchasing RPX using credit cards to directly convert to fiat, and deposit to users’ bank accounts using integrators on NEX’s network.

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

Average price: $0,169846
Marketcap: $92 285 569
24h volume: $2 203 620

NEO to Release New High Scalability Platform

New solution is targeted at large enterprise clients
12 July 2018   252

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.