NEO has recently decentralization road map by enabling the organizations to run consensus node in their network via a selection process, which acts as block validators on their network. Currently, there are seven consensus node managed on the NEO mainnet, out of which five are managed under the NEO Foundation itself. IN 2019, NEO is planning to replace four of its node by the applicants who have passed the screening selection process and have done a six-month testnet trial. This indicates that in 2019, NEO mainnet will be operated by a separate entity, demonstrating its decentralized nature.
Even the NEO DevCon is going to be held in 2019 in Seattle, US, which will cover the intent of the NEO community to realize the importance of smart economy. The NEO 3.0 would boost smart contracts and decentralized apps(dApp), created to serve large-scale applications. Recently, NEO also announced their partnership with NEO Saint Petersburg Competence Centre(NSPCC), which is going to give competition to DropBox and Amazon S3 in file storage category. Moreover, this project will be backed by Russian Association of Cryptoindustry and Blockchain(RACIB), NEO's development incubator city of Zion and NEO Global Development(NGD).
NEO has basically been designed to digitize the various assets and ensures that the transactions are done with the help of smart contracts. Since NEO's formation, the blockchain has seen a considerable amount of traction among the users. NEO was China’s first digital coin and also a direct competitor of Ethereum, hence often referred to as the “Chinese Ethereum”. Like Ethereum, the NEO is much more than just a digital currency, and this factor has a significant impact on NEO price predictions.
NEO price for today is $5.87 USD. Its current circulating supply is 65,000,000 NEO with a market cap of $381,571,276.Neo price is about to touch $200 USD bythe end of 2019.
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