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On August 8, China's first original public blockchain project, Antminer Blockchain, announced that it had completed its brand and technology upgrades and debuted under the name "NEO", including transition or upgrades in blockchain nodes, technical documents, social media accounts, official websites, exchange trading names, etc. The Antminer 1.0 blockchain architecture was officially transformed into the NEO 2.0 blockchain architecture, upgrading from a digital asset platform to a smart economic platform. At the same time, heavyweight projects such as Hongbo Red Pulse also announced that they would join the NEO ecosystem and use Neo smart contracts for development.
Community power drives NEO to go global
On June 22, Ant Blockchain held a press conference in Beijing and announced that it would be renamed "NEO" and upgraded to a smart economic platform. It is a fusion of "digital assets", "digital identity" and "smart contracts", introducing new smart contract systems, new cross-chain protocols, new quantum-resistant cryptography, new distributed storage protocols, new secure communication protocols and other advanced technologies, attracting many companies and developers to develop and extend various applications based on the NEO platform.
Over the past month, the brand and technology upgrade work has been actively promoted. With the joint efforts of the NEO operation team and community volunteers in dozens of countries around the world, technical documents, social media accounts, and trading names have been renamed; the architecture upgrade from Antminer to NEO has been successfully completed, and the NEO client (PC, Web, APP) has been officially launched; NEO and NeoGas assets in user wallets and exchanges can be seamlessly transitioned; NEO's official website, promotional videos and other promotional materials have also been completed and translated into multiple language versions, and widely disseminated around the world.
In the process of brand and technology upgrade, NEO's brand concept and technological advantages have also been paid attention to and supported by people from different countries. The open source feature of NEO has also attracted enthusiasts of different nationalities and skin colors to enter the NEO community and jointly contribute to the development of blockchain and smart economy. NEO founder Da Hongfei said that NEO's development is divided into two important fronts, one is the development and management team located in Shanghai; the other is an international team called "City of Zion" driven by community power. There are many NEO volunteers scattered around the world who have made great contributions to the NEO community.
Many of them have spontaneously participated in the production of NEO's website and promotional videos; they have translated NEO's white paper and technical documents into English, Spanish, Korean, Japanese and other languages, and promoted and publicized them. The development of NEO is inseparable from the joint efforts of community members, and the community is the core force for the advancement of NEO's smart economy.
Multiple projects announced the use of NEO smart contracts. With the completion of NEO brand and technology upgrades, NEO smart contracts are now available, attracting a number of heavyweight projects to join. NEO has formed technical cooperation with blockchain projects such as Bancor, Agrello, and Coindash, and some projects have also applied Neo smart contracts for development.
Compared with Ethereum, NEO's smart contracts can better reflect the characteristics of high certainty, high scalability, and high compatibility. In particular, high compatibility - smart contract developers do not need to learn new languages such as Solidity, but can use familiar programming languages such as Java, C/C#, Go, etc. to write smart contracts, quickly covering and integrating into the global developer community of millions.
Red Pulse, an event-driven Chinese market research company, will use Neo smart contracts to build a shared research platform that allows readers to guide research and reward analysts and contributors fairly and directly through digital currency, subverting the existing financial research market. The project will also issue $RPX, a blockchain token based on NEO.
Elastos also recently announced a partnership with NEO. Elastos is a new blockchain operating system, which was recently initiated by the Chinese community team of Rong Chen, Jihan Wu, Feng Han, and Xun Yuan. Its goal is to achieve full automation of the economy. In the cooperation, NEO will achieve compatibility with Elastos, and Elastos will also support NeoVM to enable smart contracts to be written in mature languages such as C# and Java.
At the same time, the Nest Smart Fund based on NEO smart contracts will be released soon. This is a new form of fund that will eliminate the high threshold, high risk, low efficiency and moral risk brought by the middlemen of traditional funds as much as possible. Based on blockchain technology, anyone can participate in the Nest Fund with zero threshold and full transparency.
Tao Rongqi, Secretary General of the NEO Council Secretariat, said that for platform-level blockchains, the core lies in the establishment of an ecosystem. Next, we will launch the NEO Seed Project, hoping to inspire global community participants and allow more traditional technology developers to try to use NEO for smart contract development, and jointly build the NEO smart economic ecosystem.
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