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Writer's pictureFahad H

Neo Becomes .NET Foundation’s First Blockchain Member


Neo, a decentralized open supply blockchain utility platform, introduced that it turned the first-ever blockchain member of Microsoft’s .NET Foundation.

In the press launch published on Sept. 24, the platform acknowledged that in the course of the .NET Conference 2019 Neo “joined the .NET Foundation, the Microsoft-created, globally leading open-source foundation,” including:

“Based on their shared open-source heritage, NEO and the .NET Foundation will further empower millions of developers to build the foundation for next-gen Internet. This partnership comes after NEO’s release of Blockchain Toolkit for .NET and NEO Express in September.”

Per the announcement, Neo shared a preview of its Blockchain Toolkit in the course of the convention, which included numerous apps corresponding to Smart contract debugger, Neo Express, Visual DevTracker and others.

Big Neo replace coming

As Cointelegraph reported beforehand, Neo, the 21st-biggest coin by its market capitalization, can have a significant improve to Neo 3.zero within the second quarter of 2020. The upgraded model is predicted to be launched as a brand new blockchain community, the place customers might want to swap their present tokens for brand spanking new ones.

According to Neo co-founder and core developer Erik Zhang, the replace is important as a result of a variety of architectural enhancements to Neo’s efficiency aren’t appropriate with its present blockchain.

Cointelegraph Analytics notes that the present model of the Neo blockchain is just receiving bug fixes and has the best set of options, whereas the Neo 3.zero improve can have a variety of enhancements.

Those enhancements will embody cheaper transactions and deployment of good contracts and a sooner blockchain powered by a unified transaction mannequin.


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