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Information about Neo (NEO)
NEO (formerly AntShares) is the first open-source platform in China and has been dubbed the “Ethereum of China”.
NEO was created to usher in a new era of the smart economy, replacing the traditional economy. The platform is designed to digitize assets with smart contracts to bring blockchain technology closer to the masses.
In addition, NEO supports popular programming languages like JavaScript and C++ and technological improvements to make them more difficult to hack than Ethereum.
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NEO’s current performance: As of December 2024, NEO’s live price is 19.93 USD with bullish forecasts to 24.88 USD. Factors include altcoin popularity resurgence and technological strengths like dBFT consensus and scalability, supporting a strong position in blockchain.
Future projections by 2030: NEO’s future looks promising with predictions to reach 102.35 USD by 2030. Growth is driven by NEO’s focus on integrating digital payments, assets, and identities, which enhances real-world applications and attracts users and developers.
Adoption and market dynamics: The increasing use of NEO in decentralized applications is crucial for price growth. Tokenomics enhance economic stability through governance rights and transaction fee benefits, boosting demand. Mechanisms like token burns could further elevate market performance.
According to Foresight News, the community-driven open-source blockchain platform Neo has recently announced a collaboration with security audit firms BlockSec, Secure3, and Red4Sec.
This partnership has successfully completed a security audit of Neo’s EVM-compatible sidechain, Neo X, enhancing the security of the Neo X mainnet and providing assurance to developers and users.
Neo announces EVM-compatible sidechain
Neo, the open-source blockchain platform, plans to develop a new Ethereum Virtual Machine (EVM)-compatible sidechain.
Neo revealed that its sidechain will offer full interoperability with Neo N3 (Mainnet), retaining key Neo features, including the delegated Byzantine Fault Tolerance (dBFT) consensus mechanism.
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