NEO continues to broaden within the cryptocurrency market with necessary and significant developments on its network. In this text, we’ll share the principle enhancements on the NEO network that happened in recent days and that might assist NEO move higher in phrases of valuation.
NEO Summer Challenge
NEO goes to be internet hosting a query-and-reply challenge that may enable customers to get rewarded in NEO and merchandise. Users on the WeChat platform will happen in three separated seasons in August, September and October.
Each of the seasons goes to embrace the 100 questions for contributors. It is worth stating that teams of two contributors will interact in one-to-one matches with different teams, while the second format will enable customers to select an reply from a number of choices.
The best players will obtain NEO rewards and others will get NEO merchandise. The rewards shall be shared with the contributors once the season ends.
NEO3 Preview3 Release
NEO Global Development (NGD) introduced they’re releasing Preview3, focusing on protocol enhancements and bug fixes. This would come with an improved block synchronization mechanism and new voting capabilities. The essential goal is to enhance the governance construction of the network.
At the identical time, it could be potential to create the mandatory infrastructure for bettering the voting consumer expertise. This is definitely necessary to proceed with the decentralization of the NEO network.
There are going to be different enhancements, together with a new try-catch mechanism for exception dealing with. There have been different enhancements that may definitely enhance the network and assist the ecosystem to proceed rising within the coming months.
Da Hongfei Talks About DeFi on NEO
Decentralized Finance (DeFi) has been a sizzling matter in recent weeks as this sector of the crypto business has been exhibiting large potential so as to proceed increasing and providing options to customers.
Da Hongfei considers that the NEO ecosystem is missing important DeFi parts. This is why they may start focusing on new and improved options in phrases of decentralized finance.
Da Hongfei commented concerning the DeFi Market:
“Although there are speculative factors in DeFi, it also demonstrates a new way to build financial products, integrated like a lego style financial product. My understanding of DeFi is that it’s highly speculative, but has a more symbolic meaning for the financial industry.”
One of the enhancements that could possibly be made are associated to non-custodial exchanges that could possibly be launched on the NEO ecosystem.