July 05, 2018 289By Robert Johnson
Yesterday, NEO posted an announcement regarding the next move in the NEO story, the total decentralisation of the project. According to a blog post by NEO:
NEO entered the era of decentralization!https://t.co/JOA7UibNnU— NEO Smart Economy (@NEO_Blockchain) July 4, 2018
“On July 4, 2018 at 21:00 (GMT+8), NEO Foundation initiated the election of new consensus nodes, starting the era of decentralization of NEO. The candidate node run by City of Zion, after running smoothly on TestNet for over six months, got elected as the new consensus node. City of Zion (CoZ) is an independent, international group of open source developers working on NEO blockchain. A web page has been set up on NEO official website for monitoring NEO blockchain status as well as information of consensus node candidates and their votes.”See more from the official blog post, here- https://neo.org/blog/details/4089 This new era for NEO is clearly having a great impact on the value of NEO as a currency. Of course, this is a great turn for the NEO project too. We can’t expect this NEO climb to continue forever, the current bear market will regain a grip on the value of NEO, for now however, things are looking very good for this currency and thus, investors may be quite pleased with themselves.