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NEO Coin News: Two New Tokens to Expand NEO Ecosystem

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NEO Coin News
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NGD (NEO Global Development) has released a monthly report for September on October 1st. The monthly reports are designed to inform NEO’s community regarding new events, progress, and development regarding the project.

Five NEO coin news in September

According to NGD’s report, NEO has had five noteworthy events in September. The first one includes the release of NEO-CLI v2.9.0. This is a full node program which represents NEO’s first client that allows the use of the actor model. I

ts refactored code is seen as a method of ‘setting the stage’ for block times with more stability. It is also expected to bring additional performance-based benefits for the entire blockchain.

The second NEO coin news of note in September includes the creation of two assets — CGAS and CNEO. These assets are expected to allow developers to transact GAS and NEO equivalents via smart contracts.

Next, NEO Global Development also launched its own bounty program. With an increase in a number of hacking incidents in the entire crypto world throughout the year, it is easy to see why NEO wants improved security for its blockchain. NGD promised rewards for flaws, with the size of a reward depending on the severity of uncovered flaws.

The fourth NEO coin news includes a competition for creative design of NEO website and icon. The contest is still on-going, and it will remain so for ten more days, ending on October 14. The prize for winning the contest is $30,000.

Finally, the last big event in September includes nine additional team members that NGD hired upon announcing job openings. Even though NGD already hired these nine individuals, it remains on the lookout for new talents, according to their recent announcement.

The report also mentions additional development, which includes a Swisscom consensus node that was added for NEO TestNet.

Past events regarding NEO community

NEO is a busy blockchain, with a lot of community events. These include hackathons, workshops, worldwide meetups, conferences, and alike. NGD participated directly in thirteen of these events during last month. The events were held in numerous countries, including Georgia, Singapore, China, Korea, Japan, Uruguay, and Malaysia.

Future events regarding NEO community

While NEO has had quite a lot of community events throughout September, even more of them are scheduled to occur in the following weeks.

One of them is the European hackathon tour, which is scheduled to begin on October 20th. The tour will start in Rotterdam and Delft, and from there, it is set to go to Berlin (October 26 and 27), and then Zurich (November 3 and 4).

Participants will receive a total of 4,050 GAS and 1,500 NEO in prizes. The prizes will be shared across three events during the tour.

On October 26, Berlin will also host NEO Meetup. Additionally, NEO has scheduled the fifth ‘Blockchain Open Course’, which is expected to be held on October 20th in Shanghai, China.

Those interested in reading the full NGD monthly report can do it by clicking HERE.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Picman2/Pixabay

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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DEXes
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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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crypto billionaire
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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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TokenRoll
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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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