Neo Announces NeoGone A Powerful and Exciting EVM-Compatible Sidechain to Safeguard Against MEV Attacks

Neo Unveils EVM-Compatible Sidechain for MEV Attack Prevention

Neo, the superhero of blockchain platforms, has revealed its ingenious plans for a new Ethereum Virtual Machine (EVM)-compatible sidechain. It’s like Neo putting on another suit, but this time, he’s gearing up to conquer the decentralized finance (DeFi) sector, cape and all!

Neo’s sidechain, designed for maximal awesomeness, will boast full interoperability with Neo N3 (Mainnet), which means it will retain all the incredible features that make Neo shine, like its super-powered delegated Byzantine Fault Tolerance (dBFT) consensus mechanism. Think of it as Neo joining forces with his trusty allies to achieve faster transactions, improved scalability, and enhanced fairness within the network. Talk about a dynamic duo!

But that’s not all, folks! Developers will have the opportunity to tap into the extraordinary Neo-VM multi-language development environment. It’s like Neo handing out superpowers to all the programmers out there, allowing them to create smart contracts in their preferred programming language. Imagine having the flexibility to fight the DeFi villains in your own coding style. Pow!

Now, let’s talk about the DeFi space. In recent years, it’s become the battleground for heroes and villains alike. But the DeFi world has been plagued by a dark force known as Miner Extractable Value (MEV) attacks, lurking in the shadows, ready to exploit any weaknesses. These attacks bring chaos to the land of transactions, causing issues like front-running and sandwich attacks. Not cool, MEV, not cool!

• Lending virtual currency has disputes. The Nanchang Court says, I don’t care about this matter.
• Ethereum core developers have ruled out the possibility of a Dencun upgrade this year.
• Zhou Xiaochuan The universality of digital currency is crucial.

But fear not, for Neo has a plan! The Neo Sidechain is armed with cutting-edge security measures to fend off these attacks. It’s like Neo donning a powerful shield to protect the innocent. With the option to “envelop” transactions, users can encrypt all their transaction content and metadata. It’s like hiding valuable treasures inside an impenetrable fortress, shielding them from the clutches of potential attackers. Take that, villains!

And that’s not all Neo has up his sleeve. Users can also utilize proxy contracts, granting them the power of enhanced privacy. It’s like Neo providing a secret identity, making it incredibly difficult for anyone to track their moves. After all, who wants to be a target for exploitation? These measures, combined with Neo’s trusty dBFT consensus mechanism, aim to create a trading environment that’s supremely secure and fair. Villains, beware!

As Neo Founder, Da Hongfei, put it:

“This year, we embark on a new chapter, as we embrace Hong Kong and its unique position as the gateway between East and West and herald the dawn of a more open and proactive Neo community.”

So, digital asset investors, ready to join forces with Neo and unleash your superpowers in the DeFi realm? Together, we can build a future where blockchain technology triumphs and investors thrive. Excelsior!

We will continue to update Blocking; if you have any questions or suggestions, please contact us!