Published
5 years ago on
October 02, 2018
“With the growth of the NEO ecosystem, an increasing number of decentralized applications (dApps) have been implemented on the NEO blockchain, requiring a diverse set of asset types. In response to requests made by the community, NGD has developed CNEO and CGAS, two contract assets that correspondingly map NEO and GAS, two global assets, to NEP-5 smart contract equivalents. CNEO and CGAS were created because NEO’s UTXO assets (NEO and GAS) cannot be easily used by smart contracts. By converting NEO and GAS to NEP-5 equivalent, developers can have access to full smart contract functionality and make use of the NEO and GAS tokens within applications.â€By making their own smart contracts more useable, NEO is quickly becoming a serious competitor to Ethereum. What next for NEO? As per the monthly report, NDG and NEO have some very exciting plans for the next few months, including the ongoing expansion of the NDG team:
“We are in an exciting phase that NGD is growing very fast. In the past one month, we had a number of new talent join the team, and continue to remain on the lookout for outstanding individuals.â€It’s very clear that NEO is not stagnant. Whilst the currency does look to be in limbo, as stated early, the actual NEO project is in full swing, with the entire NDG team working very hard to secure this projects future. It’s not going to wipe Ethereum off the top spot just yet, although the future is looking very bright for the project, a project that we expect to see grow through the early months of 2019. For investors, it’s just a case of waiting patiently now. References NEO Global Development Monthly Report
