Neo had much to talk about in May, participating in a range of virtual events such as Consensus: Distributed, the Crypto Asia Summit, REIMAGINE 2020, BlockConf Digital, and the IEEE International Conference on Blockchain and Cryptocurrency 2020. With plenty of new developments to share, Da Hongfei, John deVadoss, and others from within NGD and the Neo community delivered a range of presentations and workshops.
Neo took the opportunity during its hour long block at Consensus: Distributed to unveil progress in the areas of governance and developer tooling.
Da offered a preview of the new voting and economic model planned for Neo3, which will feature 21 committee members who will be elected to make decisions regarding the platform. Under the new model, GAS distributions would be influenced by voting participation, incentivizing NEO holders to vote responsibly.
deVadoss revealed two new developments to come out of NGD Seattle – time travel debugging and the Visual Token Designer.
Time travel debugging is a technique that was pioneered by Microsoft that allows developers to step both forwards and backwards through code, observing storage changes or any unexpected behaviour to help isolate and troubleshoot issues. It has been included in the most recent version of NGD Seattle’s Neo Blockchain Toolkit for VS Code.
Further, the new Visual Token Designer is a new “standards-based approach to realizing our vision of the smart economy.” It builds upon work done by the Token Taxonomy Framework to create token classifications and definitions intended to bridge the gap between blockchain developers, business executives, and regulators, and packages them into an easy to use extension for building tokens.
In other major developments, the Neo2 TestNet was readied for an upgrade to the latest version of neo-cli, v2.10.3-neox-preview1, which includes a new state root feature, and support for the Secp256k1 curve in Neo’s cryptography module. Together, these two features provide the functionality required for the first implementation of the cross-chain protocol that is designed to allow the transfer of assets between different blockchains, such as Bitcoin and Ethereum.
The full Neo Global Monthly Report for May can be found below: