Blockchain Platform Antshares Rebrands as NEO

Announcements, Blockchain, FinTech, Innovation, News | July 25, 2017 By:

AntShares, China’s first open-source blockchain platform, has announced future development plans, including a complete rebranding of its blockchain solution.

The announcement was made at a gathering at the Microsoft headquarters in Beijing.

The company announced upcoming rebranding of the platform from Antshares to NEO, changing key elements like logo and UI of the platform. The new brand name has been taken from Greek, and it means youth and novelty.

In addition to the rebranding announcement, the developers also detailed the strengths of their advanced smart contract code, which will support decentralized commerce, digital IDs, as well as digitization of various assets.

Smart contracts based on ethereum use its own programming language, called Solidity. NEO’s smart contracts 2.0 will use conventional languages like Javascript, Go, Python and others. The NEO team is hoping to attract a wider audience of developers for potential NEO-based apps.

One more upcoming feature of the NEO platform is the ‘Nest Fund,’ similar to ethereum’s ‘The DAO,’ which will allow NEO users to create their own decentralized autonomous organizations. One more similarity of ethereum and NEO is their ability to combine gas or fees, smart contracts, and possibly even DApps.

The holders of ANS can currently auto-generate Antcoins (ANC) in their Antshares wallets, which will be used as gas on the platform. In Q3 2017, the ‘ANS’ asset symbol will be replaced by ‘NEO’. The NEO team is currently working on new clients and a UI for the new brand.