The “NEO” project is one of the old and present crypto projects in the list of large crypto projects in terms of total market capitalization, as NEO ranks 23rd in terms of total market value with more than 1.2 billion dollars.

The NEO project team describes their project as a rapidly growing and evolving blockchain ecosystem that aims to serve as the foundation for the next generation of the Internet, or what is known as Web 3.0.

NEO aims to support a new economy where digital payments, identities and assets come together to form part of a modern financial system.

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The NEO open source project, formerly called “Antshares,” was among the first public blockchains in China when it was launched in early 2014.

Despite the failure of most crypto startups, the NEO project recently released its October 2020 progress report, which reveals that NEO has been working on many different initiatives over the past few years.

The NEO team stated:

October marked the fourth anniversary of the launch of the NEO mainnet.

While the Neo community took a moment to reflect on how far we’ve come, October was very focused on how to look forward.

The next milestone in the “Neo” calendar is “Neo3 Preview4,” which is set to be the final preview release for the Neo 3.

All development groups reported on progress on Neo 3 products, while core Neo developers continued to narrow down the list of pending tasks in the Neo3 Preview4 checklist.

For your information, the Neo 3 is the latest version of the Neo.

The Neo 3 is the most important upgrade in the history of Neo, according to its founder Da Hongfei.

Earlier this year, Da Hongfei confirmed that the NEO project has undergone many architectural improvements and changes, and that many changes have been made to the governance model within the NEO 3.

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Hongfei also mentioned that with Neo3, the upgrade will revamp the entire architecture of the blockchain core and most importantly, they will adjust their governance and economic model as well.

Important stats about the NEO project:

It is stated on the official NEO website, that there are currently more than two million NEO user addresses that have been created.

There are more than 500,000 members of the Neo community, more than 100 decentralized applications (dApps) based on the Neo blockchain, and more than 300 developers and technical contributors to the project.

Neo developers can choose to write code in C#, Python, Java, JavaScript, and Go which are all mainstream programming languages.

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