NEO says ‘Hi’ to ‘Decentralization’ and ‘Bye’ to ‘Centralization’?

NEO has reported its initial move towards decentralization while connoting it as the new period of NEO’s ecosystem that will be uncovered soon. The declaration mentions the date of the “enormous uncover” as of July 4th, 21:00 [GMT+8].



NEO, posted the following image on Twitter:

Decentralization describes the design of a network that isn’t managed by a central party. Instead, peer-to-peer interaction drives the network, as no third party is needed.
While discussing predictions for the industry in 2018, decentralized exchanges were the innovation Hongfei, the founder of NEO was most excited about. One of the speculations at the moment is the possibility that the team of NEO is overseeing the transformation that could release the nodes for the network.

NEO is a not for benefit organization based blockchain venture that uses blockchain innovation and advanced character to digitize resources, mechanize the administration of computerized resources utilizing smart contracts, and understand a “smart economy” with a conveyed network.” NEO, earlier known as Antshares, is frequently known as the “Ethereum of China”.

On Reddit, the discussions for NEO turning to decentralization has been on the run.
Jiyt Hoj, a Redditor commented:
“for the record — and to those downvoting — I’m fully onboard with NEO’s plan to decentralize. I think it’s the right way to do it. All I’m saying is that this is the argument we’re going to be faced with as decentralization happens. Prepare for it, and have a little spiel ready.”

Elmer1000 another Redditor says:
“Adding nodes makes the network distributed, but if adding a node requires permission from a central authority the network cannot be decentralised. The difference to mining pools is that they do not require permission to function. However , permissionless creation of nodes does not guarantee decentralisation but only makes it possible”
As of now, NEO has not commented on the boarding of decentralization apart from the shared image.



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Author: CryptoCrimsonStaff
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