New year new things: NEOVM now installable outside NEO protocol

NEO has kicked of the new year while introducing new developments within and outside of its network. The project introduces itself as the frontier in the next generation of smart contracts creation platform. The NEO protocol can be used to come up with decentralized applications (dapps) and the latest upgrade in its virtual machine, NeoVM is simply the game changer.

The upgrade has made NEO Virtual Machine deployable beyond its network. This new development is a great addition to developers and offers a friendly smart contract creation environment.

This a great way to start 2019 considering that the network achieved quite a lot in 2018. The community expects that they will continue to see more improvements. The founder of the project, Da Homgfei said in a comment:

“2018 was a tumultuous year for us but we have been holding on to the vision of smart economy and will make NEO the most developer-friendly public chain.”

NEO price overview

The digital asset is showing signs of recovery after sinking to lows around $7.8. The losses on the day have reached 3.32% while NEO is currently exchanging hands at $8.0 after a slight downside correction from yesterday’s $119 million to the current $101 million. There has also been a marginal decline in the market cap from $542 million to $511 million at the time of press.