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NEO Undergoing Reconfiguration
Summary: The Singapore based blockchain NEO is doing a complete reconfiguration of their system, according to Coindesk. The company that was formerly Antshares and was called China’s Ethereum will relaunch with NEO 3.0 in 2020. The platforms infrastructure is taking such a drastic change that current token holders will have to turn in all of their ...
The Singapore based blockchain NEO is doing a complete reconfiguration of their system, according to Coindesk. The company that was formerly Antshares and was called China’s Ethereum will relaunch with NEO 3.0 in 2020.
The platforms infrastructure is taking such a drastic change that current token holders will have to turn in all of their current assets for newly issued tokens. The new procedure will not require know-your-customer (KYC) information. NEO will just terminate the old assets and then will airdrop new tokens. The new tokens will be automatically placed in users wallets and the users will only need to keep their private key
One problem with the new centralized redistribution is that these coins have been circulating for a few years. This has lead to around 100,000 unclaimed tokens. Tokens that may have never been added to wallets will revert back to NEO in October.
Author: Ramsey Baker
Tags: antshare,Blockchain,Cryptocurrency,Ethereum,NEO
Link: NEO Undergoing Reconfiguration [Copy]
