As we witness the close of October and enter the first week of November, many crypto enthusiasts are curious to see if the tables will turn for digital assets, as most have experienced less-than-stellar results over the past 30 days.
Bitcoin, for example, has experienced its lowest volatility in years, but this has resulted in relatively stagnant prices for the father of cryptocurrency. At the time of writing, Bitcoin is trading at $6,300 – a $100 spike since its recent drop to $6,200.
Bitcoin’s latest track record has caused some traders to put their faith into competing altcoins such as Ethereum and Litecoin. Chinese digital asset NEO has also gained widespread attention. Often regarded as the “Chinese Ethereum” and formerly known as Antshares, NEO is a smart economy platform able to execute and create across varying blockchains.NEO’s Progress in October 2018
October 2018 marked an important month for the digital competitor, which celebrated its 2-year anniversary since launching on the mainnet on October 17, 2016.
In addition, Dutch telecom service provider KPN was voted in as a consensus node on the NEO mainnet following the platform’s latest election on October 20. This is the latest in a string of moves designed to make NEO more decentralized. 2 other consensus nodes have been voted in in recent months: CoZ in July 2018 and Swisscom Blockchain in September 2018.
NEO is scheduled to fully democratize the election of consensus nodes in 2019. Information on NEO consensus nodes can be found here.
In terms of development updates, NEO shared that their mainnet and testnet have been upgraded to 2.9.0. They’ve also launched NEO-CLI 2.9.1.A Growing Community
In its October monthly report, NEO shared that the platform is boosting its global expansion efforts to much success, stating:Japan-based NEO developer community Keymakers has been making progress in education and technical documentation, openin...