Furthering decentralization, NEO added the KPN telecom company as a consensus node operator on the NEO MainNet.
Why? NEO Foundation decided to delegate consensus nodes to different partners.
Who? KPN is a company with Dutch origin, which offers phone services and Internet to more than 30 million users in Western Europe.
How? Officially voting on nodes to join the NEO MainNet, powered by the NEO Foundation.
NEO Smart Economy
If we’re observing NEO’s timeline, we would start with noting the launching of the TestNet in 2015. Since this moment, a voting algorithm has been modified and optimized to adapt in the network. This year a website was released in order to accept candidatures for consensus nodes. Finally, nodes took three decisions:
- CoZ (CityOfZion) was chosen as a consensus node in the MainNet;
- KPN was elected to join the MainNet as a consensus node;
- Swisscom Blockchain was voted to join as a consensus node in the TestNet.
We’re expecting a fully democratized electing process of consensus nodes approximately in 2019.
NEO consensus nodes
If we split NEO’s consensus nodes in two sections – running on the Main and on the Test net, we’ll observe the following:
| MainNet | TestNet |
|---|---|
| 5 NEO | 3 NEO |
| 1 CityOfZion | 2 CityOfZion |
| 1 KPN | 1 KPN |
| 1 Swisscom Blockchain |
From the very beginning when the MainNet was released, one of the project’s main goals is achieving decentralization. This is going to happened for sure, thanks to the consensus nodes voting, which are maintaining operations, known for the community’s interest.
KPN in the NEO world
Three days ago, KPN was officially chosen to run a consensus node on the NEO MainNet. Before this moment, 6 from the 7 operators on it were owned by NEO, while 1 was CoZ’s property. At the moment, the number of 6 decreased with one more node, replaced with the KPN participation. In a word, this is supporting the decentralization process of the NEO project by delegating decisions to external consensus nodes.
How the new addition reflected the NEO Trade? For the last 10 days the market’s interest has increased, and the level of buys shows movement in the price – from $14 to 15.50$. It is expected to get higher to about $20 in the next few days.