What’s New With NEO
In January NEO hit a high of over $178. Since then it’s been all downhill and now trades in the $30s, down over 80%.
This is typical of most every project this year. Let’s see what’s new with NEO and what could potentially propel the price higher.
In early July NEO announced it’s now entering the era of decentralization.
That’s where the NEO Foundation initiated the election of new consensus nodes. City of Zion (CoZ) is an independent, international group of open source developers working on NEO blockchain.
Per the NEO Foundation they already elected City of Zion to run one of the consensus nodes.
The plan is to elect other partner consensus nodes, like telecom firm KPN, before the year is out. And then in 2019 NEO plans to open public campaign for election of all consensus nodes.
On the development front NEO announced NEO 3.0 is next on the roadmap.
According to core developer Erick Zhang 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 entirely redesign NEO's core modules.
Notable improvements are that they will make NEO divisible and they will make adjustments to the pricing model so that the cost of running and deploying smart contracts will be significantly cheaper.
Follow the progress here. The future is still bright for NEO.
and trade cryptos on Binance
I think due to Neo many investors Gains Loss and due to markets was now at a year was down so that any Cryptocurrency was not increasing and Neo also.I think Now they will be up so that investors invest in it.
Yes it's down over 80%... that's the story of altcoins since January. Most would be lucky to be down even 90%!!!
Is Neo really works ? Maybe, i don't know. but i worked at " iq option trading." Anyhow, thank you @g-dubs for your lots of information about Neo !
@g-dubs, good Job for going to extreme to know about the easiest one. And i totally agreed with this statement -The plan is to elect other partner consensus nodes, like telecom firm KPN, before the year is out. And then in 2019 NEO plans to open public campaign for election of all consensus nodes.
On the development front NEO announced NEO 3.0 is next on the roadmap.
According to core developer Erick Zhang 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 entirely redesign NEO's core modules. i just uovot and resteem it.
Lots and lots of updates are coming from neo,stay tuned.
It is great to know that NEO is going to start some new project. Hopefully, it'll again reach its initial peak price.
Thank you for sharing with us!
There are lot of updates going on with neo hope it reaches its ATH.
Me too!
Switchneo Exchange is new with neo,still there are lot more things associated with neo.
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