- NEO developers announced new products that would be included in NEO 3.0 update.
- NEO/USD stays unchanged at $9.20 during early Asian hours.
NEO developers presented three new products during the NEO Community Assembly conference: the developer framework NEO • ONE, the distributed file system NeoFS, and NEO Blockchain Toolkit.
The products will be integrated into a new major protocol update NEO 3.0. The update will improve scalability, functionality and user experience of the network, expand the capabilities of developers and attract corporate clients to the blockchain.
- The framework NEO • ONE aims to optimize coding and testing for decentralized applications (dApps).
- NeoFS is a decentralized storage system with enhanced privacy, security, resiliency, scalability and performance features.
- The NEO Blockchain Toolkit for .NET and NEO Express will provide developers with access to a set of tools for creating smart contracts using Microsoft Visual Studio products.
“Since our founding in 2014, NEO has continuously sought to translate vision into reality by driving innovation in partnership with our developers. To reflect this spirit of innovation, we convened our very first NEO Community Assembly to celebrate our product launch while fostering collaboration amongst our ecosystem. By coming together, we look forward to empowering our developers to realize enterprise-grade blockchain innovations and create the foundation for next-gen Internet,” Da Hongfei, Founder of NEO, said commenting NEO 3.0.
NEO developers are building a "smart economy" based on three key components: digital assets, smart contracts and digital identification. Meanwhile, the timing of NEO 3.0 launch is still unknown - it may take another 2-3 years to finish the update.
Several projects including VeChain, PlatON, Bytom, Conflux, TomoChain and Ontology participated in the conference. The teams discussed blockchain development in China and the regulators’ approach towards the industry.
At the time of writing, NEO/USD is changing hands at $9.09, mostly unchanged in recent 24 hours. The coin takes the 20th place in the global cryptocurrency rating with the current market value of $650 million.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Prisma price tanks 25% after nearly $9 million exploit
Prisma Finance (PRISMA) is being exploited, and the attacker has so far pulled $9 million in Ethereum from the borrowing protocol. Prisma asked vault owners to take the necessary steps to protect funds from the ongoing attack in an official tweet on X.
Meme coins gain traction after SEC’s partial win in Coinbase lawsuit: DOGE, SHIB, BRETT, POPCAT, BODEN
US SEC pocketed a partial win in its lawsuit against Coinbase, ushering a correction in crypto prices on Thursday. Despite the broad pullback, prices of meme coins like Dogecoin, Shiba Inu and Solana-based BRETT, POPCAT and BODEN increased.
Ondo moves $95 million worth of OUSG assets to BUIDL as tokenized fund attracts $245 million since debut
Ondo Finance (ONDO) announced on Wednesday that it's shifting about $95 million worth of its OUSG's underlying assets to the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
XRP price stuck below $0.65 resistance, Ripple lawsuit could suffer from Coinbase defeat
XRP price falls slightly to $0.61 on Thursday after its landmark programmatic sales ruling in July, which gave Ripple a partial victory against the US SEC, failed to reverberate in a similar legal battle between the regulator and crypto exchange Coinbase.
Bitcoin: BTC may have recovered, but is it out of the woods?
Bitcoin’s (BTC) upward momentum has shown a significant decline for the past two weeks or so. This development led to a bearish signal on the weekly and an uncertain outlook on the monthly.