The Neo Foundation hosted an AMA in its official Telegram channel to discuss Neo3’s governance and voting incentive mechanisms. NF developer community strategist Longfei Wang outlined how council members and consensus nodes will operate in the governance model, examples of issues that can be put to vote, GAS distribution to NEO token holders, and more.
Da Hongfei was featured in a CoinTelegraph article offering insight into blockchain’s success in 2020 and potential for 2021.
Year in Review
Neo News Today published a series of articles looking back on 2020 in the Neo ecosystem. The Year in Review series focused on Neo3 progress, community development, community engagement, and collected input from various Neo ecosystem representatives.
The community engagement feature outlined the stark contrast between 2019 and 2020 in events, networking, and promotional activities. Where 2019 boasted plentiful conferences, workshops, hackathons, and meetups, 2020 showcased the rise of the virtual event. Throughout the unrelenting disruption of global shutdowns, 2020 allowed the distributed nature of the blockchain industry to shine. While traditional brick-and-mortar industries were forced to adapt to survive, blockchain developers continued contributing to codebases. Meanwhile, promoters, marketers, and conference hosts adapted to the new normal, resulting in a slew of virtual events.
The Neo3 development article followed the progress of Neo3 throughout 2020 after the initial Preview1 release in Sep. 2019. Developer friendliness remained a powerful motivation, aided by new features such as built-in oracle services, an identity protocol, and off-chain storage support via NeoFS. Aside from new functionality, core development also focused on enhancing performance and network throughput, improving modularity, and the implementation of governance functionality – closing the year with the release of Neo3 Preview4.
Lastly, NNT published the personal reflections of various representatives from across the Neo ecosystem on the year that was. Participating groups included NGD, NF, O3 Labs, Neo Economy, NEO•ONE, NeoResearch, AxLabs, and COZ.
NNT Catch Up
NNT hosted Mark Jeffrey, CEO of the Guardian Circle community emergency response app on the NNT podcast. Discussion topics included user growth trends in 2020, GUARD network activity, US panic button laws, DeFi, invoice lending, and much more.
GhostMarket recently launched its uMint NFT Factory, allowing users to mint custom non-fungible tokens. The uMint NFT Factory enables users to create NFTs with custom properties and attributes, such as images, total supply, and various metadata. Currently, GhostMarket supports NFT minting on the Phantasma blockchain. However, smart contracts for NFT trading and minting will soon be supported on Neo and other blockchains.
Neo News Today hosted Degen Power on the Know Your Validator – Switcheo series. Degen Power is a cross-continent team of four that has been involved with the blockchain space since 2017 and comes from a range of professional backgrounds. Degen Power is currently entrusted with the fourth-largest total stake on the Switcheo network and places a high value on being actively involved with the Switcheo community.
Recently, Degen Power founded the Switcheo Discord group and donated 50% of its validator earnings to the Switcheo Community Fund. Degen Power also shares 25% of its earnings with “dedicated delegators,” who are SWTH token holders that stake 100% of their tokens with the group, with a minimum of 100,000.
Neo St. Petersburg Competence Center released Neo3 Preview4 benchmark performance results for C# and NeoGo nodes tested in single and four-node scenarios. Just as it had done so previously, the benchmark testing exhibited improvements in translation per second throughput. Concluding the update, Neo SPCC noted, “we hope that these metrics will allow us to drive a DeFi-enabled future.”
O3 Labs released its 2020 annual report taking a look back at the inception of the new team, branding updates, development of its new wallet app, the launch of a new website, plus more.
Dec. 29, Switcheo proposed TradeHub Improvement Proposal #5 to rebalance the reward weights for Switcheo TradeHub’s spot liquidity pools. The proposed rebalancing objective is to reduce rewards for pools that have failed to attract liquidity providers or pools that link to markets with volumes that are too low.
Dec. 31, Switcheo‘s TIP #5 passed with a 74.17% yes vote.
Jan. 3, TranslateMe announced plans to soft launch its instant machine translation services and made a call for developers to test the API.