Ouyi OKX market shows that GAS continues to rise, reaching a maximum of 5.3 USDT; it is temporarily trading at 5.127 USDT, with a 24-hour increase of 53.18%.
According to the news, Neo is creating a side chain that can resist miner extractable value (MEV) attacks and be compatible with the Ethereum Virtual Machine (EVM). The sidechain is under development and is expected to be released by the end of 2023.
The new Neo sidechain will take full advantage of Neo N3, such as:
- dBFT consensus mechanism developed by Neo: improves transaction speed, scalability and fairness while maintaining decentralization and resilience.
- NeoVM (the first non-EVM smart contract system): enables developers to write smart contracts in multiple preferred languages (including C#, Go, Python, Java and TypeScript).
- Dual-token NEO and GAS model pioneered by Neo: improves flexibility, scalability, and enhanced governance while reducing volatility and providing incentives for the Neo ecosystem.
The new sidechain will strengthen the practicality of the value proposition of NEO and GAS, expand use cases, and make GAS more functional.