In an open up letter right now to Neo group customers, the Neo Foundation reflected on the previous 4 many years of action and teased their ideas for the potential: Neo3, the 3rd iteration of their smart deal-enabled blockchain, which will sport file storage and D-ID (Electronic or Decentralized Id) options.
Neo, the 22nd premier cryptocurrency by marketcap, has liked a solid 12 months, owning correctly introduced a cross-chain interoperability product or service in collaboration with Ontology and Switcheo.
Furthermore the self-styled “smart economy” platform’s foray into the summer DeFi trend was equally prosperous — the joint Binance and Neo energy Flamingo Finance peaked at in excess of $1.5 billion TVL in their Mint Hurry produce farming vault merchandise.
In spite of their results with interoperability and DeFi, as the Foundation’s letter turned to potential developments they teased forthcoming characteristics which would just take Neo3 in a pair of surprising new instructions: file storage and decentralized id features named NeoFS and NeoID.
The marketplace has shown a decidedly blended urge for food for file storage on the blockchain. Filecoin, yet another knowledge storage-centered product or service whose FIL token went live October 15th, rallied violently to the tune of 118%, prior to an similarly savage dump of just about 80% from all-time highs.
Digital (or decentralized) identity blockchain products and solutions have also viewed stymied adoption. Although id on the blockchain offers a obvious use circumstance, no 1 challenge has still broken mainstream.
Inspite of not getting in vogue, the Neo Basis wrote that they hope these features will lead to higher adoption throughout the place:
“Together with extensive new capabilities and enhancements in method protection and effectiveness, Neo3 will definitely turn out to be the best up coming-gen online infrastructure for mass adoption.”
Credit rating: Resource url