Gone are those days when you have to pass through series of intermediaries before you could make payments, transfer funds or make some other transactions, the world have grown digitally to a level where you can easily make transactions and your funds are now more secured than before, it’s a new world of digital currencies and transactions.
Neo coin is a fast growing digital currency created by the Neo Blockchain. Five years ago, the coin was created and made its way into the world of decentralized finance.
Neo Blockchain is celebrating its five years of launch. This is coming at a time when the world is struggling from the effects of the corona virus pandemic, in the last five years of Launch, Neo coin has been able to bring together a community of over 800 developers, these developers work around the corner to make sure that Neo Blockchain is always at its best for the teeming population of its users.
Neo coin has also minted more than 8000000 blocks and has been able to process more than 116000000 transactions which is a huge success.
In the history of Blockchain technology, Neo coin is the first to perform the largest asset migration. On the 8th day of October, 2021, Neo-CLI v3.0.3 was released and the TestNet was set up on the 9th day of October, 2021, this version has fixed some bugs and the user experience was well optimised too. This TestNet update requires resynchronization from block 0 to ensure data correctness.
The migration to Neo N3 is in three phases which are as follows:
TestNet, MainNet Setup, and Mass Migration. Different processes will be completed in each phase to ensure that the Neo N3 MainNet supports a healthy network when the public migrate their tokens en-masse. Holders of tokens have to migration options from which they can choose from, the first option is the Early bird migration which follow the minting of Neo N3 genesis block which is the first block to be minted on the Blockchain. This will provide token holders a chance to be among the first set of member of the community to partake in voting, potentially offering opportunities for a larger than usual GAS yield for a very short period of time.
The other option will give the token holders the opportunity to receive direct bonuses which is based on the amount of Neo tokens that they migrate to the Neo N3 platform.
The Neo N3 is a platform that has produced amazing results in the Blockchain community and have surpassed it’s competitors in many aspects, improvement is being made in the documentation and a lot of sample codes are being written as the Neo ecosystem continues to grow bigger. At Neo Blockchain, 200million dollars was committed to about four existing funding programs.
Over the course of last five years, Neo Blockchain has been able to maintain a followership of over 420000 on twitter, over 100000 followers on Reddit and over 100000 on discord.
