NEO News Roundup: Neo3 Roadmap Update And QLC Chain Combating Coronavirus | UseTheBitcoin

NEO News Roundup: Neo3 Roadmap Update and QLC Chain Combating Coronavirus

Avatar · in Breaking, Crypto News
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

NEO is one of the largest crypto networks in the market and a clear promise for the future of the space. NEO is working in order to offer better solutions for companies and firms that need advanced blockchain systems. In this article, we will share with you an update of the Neo3 implementation and how QLC is working to fight against the spread of Coronavirus.

Neo3 Update

The whole NEO network is moving forward to the implementation of the Neo3 update that would allow this blockchain to reach new users and provide updated functionalities. 

At the moment, consensus and normal nodes on the network are currently connected to other nodes so they can spread information. This is great for the network that becomes certainly distributed and it makes it more efficient in the way it works. 

At the same time, the blockchain and NEO developer Zhang Tao explained that there are several ways to implement distribution through P2P messages on the NEO network. One of these ways is by adding a state root to PrepareRequest consensus message and signature in order to Commit a consensus message.

The second and third possibilities involve using a dBFT process for consensus on state roots that would be separated from the whole system, and also having consensus node signing and broadcasting the current state root after a block creation. This is expected to have a positive effect on NEO price

QLC Chain Combating Coronavirus

The Coronavirus has reached a large number of countries and affected thousands of individuals all over the world. The most affected countries were China, South Korea and Italy. The main question is which are going to be the next affected countries. 

Nonetheless, QLC Chain, a decentralized provider of NaaS explained that it has integrated a new itinerary checking tool into its mobile wallet. According to a recently released blog post, the tool will be tracking the movement of thousands of millions fo mobile subscribers of China Mobile, China Unicom and China Telecom in order to create reliable travel records avoiding users’ to share private data. 

Q-Wallet will be integrating other counter-Covid-19 services in order to prevent the spread of the virus in other regions or countries around the world. This is a great example of how blockchain technology can be used to contain the current fast-spreading coronavirus epidemic. 

In the last years, Q-Wallet has been working in order to create an open communication resource marketplace around the world. In the future, Q-Wallet will be expanding its services to other telecom services. 

Build a winning crypto portfolio
Free report teaches how to structure your crypto portfolio, so you can maximize gains and minimize losses.