NEO Announces $100 Million Ecosystem Boost Fund at Consensus

2019-5-28 13:57

Coinspeaker
NEO Announces $100 Million Ecosystem Boost Fund at Consensus

At Consensus 2019 NEO also outlined various initiatives in its pursuit of making NEO the most developer-friendly blockchain, including NeoFS, NEO Toolkit for Visual Studio, and the NEO Express Node.

Following its successful appearance at Consensus, the NEO team is back to working on NEO 3.0 and building a platform for the Smart Economy of the 21st century.

While founder Da Hongfei’s announcement of the US$100 million ecosystem fund attracted much attention, significant progress was also revealed on development tools that will help make developers lives easier when coding on NEO.

Most noteworthy were the NEO Toolkit for Visual Studio and the NEO Express Node.

John deVadoss, an ex-Microsoft executive who is now heading up NGD’s Seattle office, told attendees at Consensus about his plans to deliver seamless interaction and functions for users, what deVadoss called the “F5 experience.”

His team has been working on building two new tools – the NEO Toolkit for Visual Studio and the NEO Express Node. The NEO Toolkit can be used to write, compile, and debug NEO smart contracts from within Visual Studio, a conventional and widely adopted IDE, whilst the NEO Express Node aims to make it as easy as possible to create, launch, and manage a multi-node private NEO network.

deVadoss gave a demo of the NEO Express Node in which he created a private network, opened a demo wallet, claimed GAS, and deployed a simple NEO smart contract in a matter of minutes. NGD developer Longfei Wang demonstrated a preview version of the new NEO Toolkit for Visual Studio, outlining some of its features.

The US$100 million NEO EcoBoost fund was announced by Hongfei as a continuation and expansion of efforts to boost the growth of the NEO ecosystem. The funds will be used to support dApp development, bolster infrastructure, and foster collaboration with institutions. The EcoBoost program is financed by the NEO tokens held by the NEO foundation and reserved for investment into the ecosystem as outlined in the 2017 NEO whitepaper.

NEO EcoBoost is likely to attract more developers as NEO continues in its efforts towards building NEO 3.0, an optimized version of the current NEO 2.x protocol that will introduce new functionality and allow the blockchain to support large-scale commercial applications. Hongfei told Consensus:

“The mission of NEO 3.0 is to provide optimal infrastructure for mass adoption. The changes to NEO 3.0 include architecture refinement, native contracts, optimization of consensus, and new functionality; for example, Oracle, NeoFS, NeoID and lastly, security improvement.”

Consensus also saw a demonstration of NEO’s forthcoming decentralized and distributed storage platform, NeoFS, developed by the NEO St. Petersburg Competence Center (NEO SPCC).

NeoFS is a peer-to-peer data storage service that will provide secure, private data storage for users, data exchange for small and medium-sized enterprises, and fixed document storage.

It will provide a cost-effective file storage solution that benefits from operating on a decentralized platform. The platform will operate using NEO’s native GAS token to pay for storage and network services.

To find out more about NEO, visit: www.neo.org

NEO Announces $100 Million Ecosystem Boost Fund at Consensus

Similar to Notcoin - Blum - Airdrops In 2024

origin »

NEO (NEO) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $15.41
Капитализация $0 Rank 99999
Цена в час новости $ 14 (-100%)

ecosystem million 100 fund neo consensus boost

ecosystem million → Результатов: 126


Coinhive shutdown is failing to stop cryptojacking attacks; 1 million attempts blocked daily, claims report

The world of cryptocurrencies has been subject to both positive and negative developments since its inception. Coinhive, the infamous cryptocurrency mining script, is one of the latter. And while Coinhive was shut down earlier this year, that has not stopped other malicious activities from inflicting pain on the cryptocurrency ecosystem.

2019-5-3 12:30


Bitfinex-Tether controversy: Binance’s CZ announces impending transfer of USDT funds to new cold wallet address

The New York Attorney General’s recent allegations suggested the involvement of Tether [USDT] and Bitfinex exchange in a conspiracy to hide the exchange’s loss of $850 million. While the ecosystem slowly recovers from the bearish market in the aftermath of the episode, Binance’s Changpeng Zhao informed his community of followers about an impending “large transaction”.

2019-4-30 11:30


Illegal cryptocurrency mining nets over $50 million in a decade, according to analysts

The cryptocurrency ecosystem has been a major target for cybercrime and illegal activities such as online theft and hacking. Cryptocurrency mining is essential for all coins, including Bitcoin [BTC] and Bitcoin Cash [BCH] and over the years, criminals have started to spot loopholes in the system to cash out digital currencies.

2019-3-27 21:30


Ripple and Forte Launch $100 Million Fund for Blockchain Gaming Using XRP

Xpring, Ripple’s developer ecosystem initiative, has partnered with blockchain platform Forte to form a $100 million fund to support game developers. According to the company’s press release, the fund will operate alongside Forte’s platform technologies and include Ripple’s open-source solutions, including XRP, aimed at mainstream adoption for blockchain gaming.

2019-3-14 23:54


Post-Tron Hard Fork, Justin Sun Shares New BitTorrent (BTT) and TRX Plan to Add 1 Million New Users

Tron has recently launched a new hard fork with implementations to allow institutional and larger investors to play an important role in the market. The Chief Executive Officer and Founder of the Tron Foundation, Justin Sun, announced that they will bring 1 billion BitTorrent ecosystem users into Tron and BTT. Tron has acquired the BitTorrent […]

2019-3-4 01:27


Totle Blockchain dApp Ecosystem Secures $1 Million in Private Funding Led by Arrington XRP

Blockchain startups are still a lucrative source for venture capitalists to get in early on different projects, but the last year of the industry has taught these investors to be more cautious. Luckily, they seem quite trusting in Totle, a Detroit-based startup that calls itself the “Kayak of Crypto.” According to recent reports, Totle’s funding […]

2019-1-15 00:24