Neo Smart Economy
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Neo Smart Economy

Neo Integrates with Rosetta, a Coinbase-led Open Source Project

To build the next-gen Internet of Interoperability

Neo is excited to announce an integration with Rosetta, an open-source project led by Coinbase. As a leading public blockchain pioneering in interoperability via protocols such as Poly Network, we look forward to work together with Rosetta improving protocol integration processes in order to build the next-gen Internet.

It is complicated and time-consuming to write reliable blockchain integrations. The process requires careful analysis of the unique aspects of each blockchain and extensive communication with its developers to understand the best strategies to deploy nodes, recognize deposits, and broadcast transactions. Even a minor misunderstanding can lead to downtime, or even worse, incorrect fund attribution. Addtionally, this integration must be continuously modified and tested each time a blockchain team releases new software.

Project developers spend countless hours answering similar support questions for each team integrating their blockchain, rather than spending time working on their blockchain. With their questions answered, each integrating team then writes a similar code to interface with the blockchain instead of spending their engineering resources adding support for more blockchain projects or working on unique products and applications.

The aim of Rosetta is to establish a standard for protocol integration. Launched by Coinbase, Rosetta is a 100% open source technology framework for digital wallets, crypto exchanges, and related platforms aiming to promote the adoption, collaboration, and wide-spread use of different blockchain solutions.

Neo is excited to working with the Coinbase and Rosetta teams on this excellent project. As one of the founding members of the recently launched Poly Network, Neo is already implementing interoperability in its latest DeFi initiative — Flamingo Finance. We looks forward to contribute our knowledge of underlying protocols, interoperability, and wallet development to the growth of this exciting project.

Neo has already contributed to Rosetta Construction and Data API:

About Neo

Neo is an open-source platform driven by the community. It utilizes blockchain technology and digital identities to digitize and automate the management of assets using smart contracts. Using a distributed network, it aims to create a smart economy by building infrastructures of the next-gen Internet and creating a solid foundation for mass blockchain adoption.

Launched in 2016, the Neo MainNet has been in stable operation for almost 4 years. Neo is expecting to launch Neo3 in 2020, a robust implementation with high throughput, enhanced stability and security, an optimized smart contract system, and a feature-packed infrastructure set to empower developer adoption and to accelerate enterprise-grade blockchain innovations.

Learn more at: https://neo.org

About Rosetta

Rosetta is a new project to standardize the process of deploying and interacting with blockchains. With an explicit specification to adhere to, all parties involved in blockchain development can spend less time figuring out how to integrate with each other and more time working on the novel advances that will push the blockchain ecosystem forward. In practice, this means that any blockchain project that implements the requirements outlined in this specification will enable exchanges, block explorers, and wallets to integrate with much less communication overhead and network-specific work.

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