Picking up the pieces of Q1's correction, Ethereum has recovered to 55% of its all-time-high, where NEO squares up a whisker above 40%.What is NEO?
NEO's semi-centralized DBFT blockchain reflects this, with the NEO Council holding nearly 50% of tokens "To foster the ecosystem" - a common criticism by advocates of true decentralization.
The creation of serial blockchain founders Erik Zhang and Da Hongfei, NEO is a community-funded effort that is separate from Hongfei's OnChain - a private blockchain company collaborating with the Chinese government and large enterprises.
NewEconoLabs has whipped the curtains off strategic partnerships with Fenbushi Capital and NEO's own NEO Global Capital - who will support the launch of NEL's NEO Name Service - an open-source domain name system based on NEO.NewEconoLabs have announced strategic partnerships with Fenbushi Captial and NEO Global Capital for the $NEO Name Service project.
As the investment arm of the recently re-shuffled NEO Foundation, it seems that NEO Global Capital has a prophetic ability to pick the winners - having backed Zilliqa, Ontology, Bluzelle, and a number of widely successful projects.
With a natural bias towards projects that enhance the NEO ecosystem, NGC's commitment to these rogue developers can be seen as a resolute pledge -propagating and supporting the efforts of NEO developers of all decree - a notion that will surely create ripples of excitement throughout the NEO development community.
Parsec Frontiers Prepares for Blastoff With NEO. NEO is to become the launch pad for virtual space exploration - with Parsec Frontiers selecting NEO for its blockchain-based MMO game.
"While EOS is a great platform with undoubtful potential, we chose Neo because it's currently more mature and industry-ready. Neo has very advanced smart contracts which support several mainstream languages including C# and Java, and we anticipate players will use them along with the diagram-based solution we're considering implementing."
As NEO ramps up its Smart Economy rhetoric, one might wonder how such a centralized mechanism may be implemented outside of China, which has accounted for over half of 2017's registered blockchain patents.
Despite its ban on cryptocurrency trading, there is still a strong interest within China for blockchain development and NEO is one of its most dynamic and evolving projects.
NEO Updates: Partnerships, Adoption and dApp Development Continues
Published on May 15, 2018
by Cryptoslate | Published on Coinage
Mentioned in this article
Bitmain Announces Next-Generation SHA-256 Antminer Chips
Bitmain, one of the largest cryptocurrency mining ASIC manufacturing companies, announced on Sept. 21 the release of new SHA-256 mining rigs at the World Digital Mining Summit in Georgia.
Hodler's Digest, September 16-23: Elon Musk Wants Advice on Twitter Crypto Scammers, the US SEC Wants Comments on BTC ETFs
As a result of a security breach on September 14, hackers have managed to steal 4.5 billion yen from Japan's Zaif cryptocurrency exchange, as well as 2.2 billion yen from the assets of the company, with total losses amounting to 6.7 billion yen or around $59.7 million.
Iceland's Industry to Shift From Crypto Mining to 'Pure Blockchain Business,' Insiders Say
Iceland's crypto industry is expected to move away from crypto mining and shift to "Pure blockchain businesses." This is according to forecasts made by a number of local industry insiders who talked to the news site Red Herring September 23.
From a Ripple to a Tidal Wave: Collaboration With PNC Leads to XRP Surge
Ripple made the announcement on Sept. 19, stating that PNC's Treasury Management unit will be using its xCurrent software solution to expedite cross-border transactions for the bank's U.S. commercial clients.