The First open-source blockchain solution with programmable smart contracts in the Eastern World, Antshares, has announced that it would be rebranding itself Into NEO - which in greek means Youth, Novelty and 'Newness'. The announcement was made at the Microsoft HQ in Beijing which among other things discussed the future of this technology and NEO's plans forward. A technical presentation was made by the lead Dev Erik Zhang, highlighting the advanced smart contracts on offer which support a host of digital assets and Identities. The rebranding does not effect the current token holders who would automatically shift to the New branding. With the release of the Wallet scheduled for Q3 of this year, holders can now earn an interest from the tokens that would be generated as 'Gas' on the platform. The conference was a gleaming success with plenty of high profile experts and entrepreneurs in this field making their presence.
The CEO of NEO, Da Hondfei, listed the main objectives for the team and how it plans to grow its platform. He emphasize the importance of transparency and the open source nature of data as key to the success of this technology. Along with plans of building a new 'Smart Economy' and a multi-chain protocol for the Interoperability of the Chain.
NEO is collaborating with certificate authorities in China to map real-world assets using smart contracts;
NEO has received a new patent for cross-chain distributed interoperability
NEO’s recent new startup partners include Bancor, Agrello, Coindash, Nest Fund, and Binance, with more partner announcements to come.
Image is taken from Nasdaq's website.
Interesting post. How is NEO different from Ethereum, exactly? I haven't heard of it before.
They are actually identical in many ways. But one of the main differentiating factors is that AntShares has a huge support in China and the Chinese market usually doesn't prefer external influence and prefer to use home-grown technology. You can see this with WeChat - Facebook/Whatsapp, AliBaba - Amazon and even Uber - Didi. On top of that, AntShares is not centralized and does not have a potential infinite supply to play with. So lots going for it.
Thanks for Antshares/NEO information update!
First I have heard of this. So can I purchase gas now ahead of the Q3 release?
Antshares is sharing on Bittrex. Goodluck and Happy Steemin!!
Was not NEM? The First open-source blockchain solution with programmable smart contracts in the Eastern World? NEM is from JAPAN and already runing a contract.
NEM is not completely open sourced and AntShares/NEO is focused purely on smart contracts, while that is not true for NEM.