Neo, one of the smart contract platforms, is developing a sidechain where Ethereum-based decentralized applications (dApp) can take place.
According to the statement made by Neo founder Da Hongfei, the sidechain to be developed will be fully compatible with the N3 main network.
Neo, formerly known as AntShares and founded in 2014, is the leading company in the industry. oldest smart contract platforms It is among. Neo’s mainnet has been operational since October 2016.
Thanks to Neo’s virtual machine, developers can write smart contracts using multiple languages.
The new sidechain will include features such as the Delegated Byzantine Fault Tolerance (dBFT) mechanism, which is already available in Neo. Neo for both governance and different transactions. GAS token will be used.
According to the statement made by Neo, it is planned to open a test network for the sidechain, which is in the development phase, at the end of 2023.
This future plan had a positive impact on the Neo price. According to CoinGecko data, NEO in 24 hours It gained 12% to $8.74. rose.
NEO in January 2018 Rising to $198 It broke its own price record.