NEO London Weekly Roundup #6

Lewis Harland
Sep 9, 2018 · 5 min read

Hey NEO London community, let’s dive into this week’s highlights with the sixth weekly roundup of the series!

Hey NEO London community, let’s dive into this week’s highlights with the sixth weekly roundup of the series!

NEO London will be attending the Malta Blockchain Summit!

Roll-up, roll-up! NEO London is excited for the Malta Blockchain Summit on the 1st and 2nd November. The much anticipated summit is bringing together several high profile figures in the fields of blockchain, A.I, big data, quantum technology, and IoT.

The first Malta Blockchain Summit will cover four conferences on the most pressing issues in the space and will include 100 speakers, over 4000 delegates, as well as 150 exhibitors.

Moreover, there will a 2 (1/2) day Hackathon that will take place on Oct. 31 and Nov. 2 at the InterContinental Malta. So far they more than 250 coders ready to battle.

Some of the speakers include the Prime Minister of Malta, Hon, Joseph Muscat, Mike Butcher (TechCrunch), Ilya Smagin (Smart Contract Development Lead, Waves), and Rob Viglione (Co-Founder, ZenCash) and many more.

Find out more on the official website, and we look forward to seeing you there!

NGD deploys CGAS contract mapping on MainNet

On September 6th, NEO Global Development (NGD) announced the launch of CGAS, a NEP-5 GAS equivalent convertible with GAS in a 1:1 ratio.

CGAS was created because NEO’s UTXO assets (NEO and GAS) cannot be easily used with smart contracts. By converting GAS to a NEP-5 equivalent, developers can have access to full smart contract functionality and make use of the GAS token within applications.

In response to the community voices, NGD developed CGAS, a contract asset that maps GAS to the contract. CGAS is a NEP-5 token with a total supply of 100 million, equal to the total supply of GAS. According to Chris Chen, NGD senior blockchain developer, “As NEO game ecosystem is becoming more complete, there is a growing requirement for GAS application scenarios.

Take in-game assets for example, assume it costs 5 GAS for in-game purchase of a gear, since direct invocation of global assets is not technically supported, we thus develop CGAS, convertible to GAS at a 1:1 ratio. This way, GAS can be transferred within contracts and you can simply pay with CGAS. Special credit to NEL, a Chinese NEO developer community, who has contributed to the design and coding of CGAS.

Read the full story here!

The NEO Name Service Explained

An article explaining the NNS has been released on bitcoinexchangeguide.com where the details about what NNS is and how it operates on the NEO platform.

NEO has designed a new name service whose aim is to bring its blockchain technology to the masses. The concept brings value to both the users as well as the developers to help them explore blockchain. NEO now joins Ethereum that had embraced the name service idea much earlier. The idea behind this concept is to make the crypto more discoverable and visible on the blockchain space.

A name service allows users to read data easily by replacing regular strings into information that can be read by a layman. Some of the data that can make use of a name service is blockchain wallet addresses as well as smart contract hashes. For example a smart contract will be visible with a neo extension at the end. Actually the name service concept is similar to the way domain names of websites operate only that this one is in a NEO blockchain ecosystem.

Read the full report and deep dive here!

NEO NEWS TODAY Interview with Aphelion founder Ian Holtz

NEO NEWS TODAY interviewed Ian Holtz from Aphelion where they discussed how Aphelion came about, the development of the project and the roadmap and future directions.

Ian starts with explaining what Aphelion is aiming to accomplish:

Ian Holtz: Aphelion is a wallet based decentralized exchange (DEX), powered by the APH token. There is nothing like it currently available in that we have a unique fee structure and redistribution model. In short, the DEX requires APH for market takers, is free for market makers, and 80% of the fees collected are redistributed to APH holders who commit their APH to the contract. In addition, our pricing structure is trade based, not percent based. So not only will it be significantly less expensive for common traders, it will be incredibly less expensive for volume traders, while everyone benefits with the redistributions and passive income. It is truly a unique model we built to transform how trading is conducted: inexpensive, peer to peer, safe, fast and truly decentralized.

Ian also mentioned why it is important to stick with milestones as much as possible and execute in a world of competition:

Ian Holtz: What is most important to us is fulfilling on our mission and vision while significantly contributing to the Smart Economy along the way. With that being said, we understand some take sides or worse yet spread false rumors for their own gain. That goes with the territory, but instead of focusing on that we choose to build amazing things and let our technology do the talking. The way I see the world is that we are all on a sinking financial planet and dividing towards a solution only sinks the ship. We intend to create and share solutions and help us sail cohesively into the next chapter.

Thanks for reading and we hope to see you in the next NEO London Weekly Roundup!

To get involved in NEO London, see these links:
NEO London Telegram: https://t.me/NEO_London
NEO London meetups: https://www.meetup.com/NEO-London
NEO website: https://neo.org
NEO News Today: https://neonewstoday.com

NEO London

The London NEO community

Lewis Harland

Written by

Analyst at ID Theory

NEO London

The London NEO community

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade