As the market has picked up some momentum, NEO (NEO) looks to push higher in the market. Bitcoin (BTC) started of the day on the positive side due to which the rest of the market is trading in green. NEO has been among the top gainers of the today’s market.
NEO (NEO) is one of those cryptos in the market which is less talked while it trades among top 20 digital assets. Well, Last year for NEO hasn’t been the perfect one and it has neither been an ideal one for the rest of crypto market.
NEO (NEO) traded at $162 USD on 30th January 2018 almost about a year ago and since then it has kept dipping and it traded at its lowest price around $5.50 USD at the start of December 2018. But as the new year has started it is expected to bring new things to the crypto market will positive momentum ahead.
Despite the downfall in 2018, NEO (NEO) has been able to trade among top 20 digital assets, which is a good sign and shows that NEO has progressed in the industry and is on its way to further development.
Recently, NEO announced the upgradation of its Virtual Machine (VM). NEO was the 2nd digital asset that brought up its own Virtual machine, the NEO VM. Since its launch, the dev team has kept it improving and with its recent update, it is set to produce an unblemished user experience.
Back at the start of 2018, the Co-founder of NEO, Erik Zhang introduced the NEO Virtual Machine (NeoVM). Since then, it has been updated several times, while introducing new features to it and fixing bugs. The latest version of the NEO virtual Machine is v2.3.3, which now enables the NEO Virtual Machine to be used outside the NEO network.
Since the stack isolation feature has been added to the VM, it has brought major development to the Virtual Machine and has become a major part of VM. Basically, stack isolation can be contrasted to the system upgrade from DOS to the Windows. Just like the versatility of Windows, this stack isolation provides the Virtual Machine to perform individual tasks at the same time without causing any disruption. This feature allows every contract to ingress its individual stack area, which makes the smart contracts to perform much securely and with more stability.
Moving forward to this year, the CEO of NEO (NEO), Da Hongfei in a tweet stated that in 2019 they will look to work hard to enhance NEO’s infrastructure. They will focus on modules that can be added to NEO incl. distributed storage, layer2, identity, to improve NEO’s crypto economics, and to deliver the best developer experience.
The CEO of NEO did not mention a certain roadmap to the projects of company in 2019, but he is well sure to take the NEO network to next level with improvements in technology and its different projects.
At the time of writing, NEO (NEO) was trading with a price of $8.75 USD with a market cap of $568 million and a trading volume of $158 million. In the last 24 hours, NEO had surged up to 13% showing positive intent in the upcoming days.