NEO founder Da Hongfei unveiled plans to develop an EVM compatible sidechain that resists MEV attacks. The sidechain will inherit key features from NEO, in addition to higher scalability and faster transactions. NEO price posted 8% daily gains, rallying alongside other altcoins. ith Ethereum. This is a key development for NEO as it would boost the scalability and speed of transactions. In response to the development, NEO price rallied. The asset yielded 8% daily gains for holders on Binance.
#Neo Founder @dahongfei, announcing #Neo’s New Chapter: an #MEVFree, #EVM compatible sidechain, to ensure security, privacy, and a smooth experience in the increasingly complex #DeFi landscape. The sidechain is under development. The testnet is planned to be launched at the end… pic.twitter.com/EO9Ck52qGt — Neo Smart Economy October 27, 2023 NEO’s sidechain is currently under development and will be released by the end of 2023.
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