Microsoft’s .NET Foundation Adds First Blockchain Member NEO After Its Open Source Toolkit Release

NEO, a China-based, up and coming blockchain application platform, has announced that they are now the first blockchain member of Microsoft’s .NET Foundation, a leading open-source foundation backed by Microsoft.

With both groups being open source, NEO and .NET will seek to empower further developers of the new NEO blockchain protocol, released just prior to this important announcement.

Mutual Joy

John Galloway, Executive Director of the .NET foundation, released a statement where he explained his excitement in welcoming NEO in. NEO pioneered the adoption of the .NET platform. John explains that the .NET Foundation will throw their support in for NEO as they continue to develop a decentralized platform. He also expresses his excitement at the fact that NEO joined them, to begin with.

Erik Zhang, founder of NEO, in turn, expressed his excitement of being the first blockchain to be incorporated in the .NET Foundation. Erik Zhang predicts that NEO and the .NET Foundation will work closely together as they strive to create the most developer-friendly .NET based blockchain infrastructure. 

Kits of the Future

NEO also shared with the public the preview of their new NEO Blockchain Toolkit, with a substantial amount of fancy bells and whistles attached to it. Their plans with this toolkit is to accelerate smart contract development and the creation of dApps. This is thanks to the features they added in: things like Smart Contract Debuggers, Neo Express, Smart Contract Compilers, FX libraries, and a visual dev tracker.

Along with this great news, NEO had already announced that they were going to upgrade their blockchain from NEO 2 to NEO 3, but due to the sheer scope of the revamp, they have to put it out as a brand new blockchain instead of an old one. As a result, users will need to swap NEO 2 tokens with NEO 3 retroactively.

The reason for this was cited as the fact that a large amount of the upgrades of NEO 3 is simply incompatible with the older predecessor, but NEO 3 will have reasons to make this shift worthwhile, including cheaper transactions, deployment of smart contracts, and a faster blockchain via a new unified transaction model.

From Kit to Eco

Before NEO announced this, they were already making headlines due to their EcoBoost Initiative. A fund worth a hefty $100 million devoted to encouraging ecosystem growth. They do this by promising complete life cycle support to prospective projects. With media firms, distributed Application (dApp) platforms and exchanges among their many groups recruited, they have lofty aims of building the next generation of the Internet. They do this via, among other things, helping with the environment’s development, assisting with the marketing, and assisting in the scalability of a prospective company’s developments.

They’re even going to launch their own blockchain-based game: CryptoFast, a 3D car game that is sure to be something worth playing.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide