NEO has been quietly innovating behind the scenes for over a year, with developers working hard to upgrade the platform. Now, as the new year rolls on we have a better idea of how those upgrades are impacting the cryptocurrency's ecosystem. So, what's going on with NEO?
Previously known as Antshares, NEO was one of the first ever cryptocurrencies to emanate from China; a blockchain smart economy upon which developers can create decentralized apps, and smart contracts, sound familiar? … understandably, it derived the nickname “Chinese Ethereum” for these very reasons.
Inspired by Ethereum’s desire to create a platform upon which any number of blockchain-based applications could be built, NEOs founders, Da Hongfei and Erik Zhang took Ethereum fundamentals and fine-tuned them in order to resonate with a wider demographic of developers.
2018 and beyond
2018 proved a difficult year for the entirety of the crypto industry, and NEO was by no means exempt from this. However, bear markets often conversely provide ample breathing room for innovation to take place, without the distraction of hype or speculation.
“2018 was a tumultuous year for us but we have been holding on to the vision of smart economy and will make NEO the most developer-friendly public chain.” - Da Hongfei
2018 saw NEO’s developer community go from strength to strength, bolstering their numbers, ushering NEO into 2019 with eight developer communities working tirelessly on various projects within the ecosystem.
As a result of this exposure to further development, the number of Dapps on the NEO platform increased by a massive 3000% in 2018, with Dapps numbering almost 100.
This number appears set to increase with the annual NEO developer conference (NEO Devcon) in February 2019:
Read more: NEO organizes 2nd DevCon event in Seattle, 'We keep on going'...