An announcement was made by NEO Blockchain during the Consensus 2019 held in New York that they have successfully secured $100 million of NEO EcoBoost funding for the NEO ecosystem. The co-founder of NEO, Da Hongfei then commented referring to the importance of ecosystem development of blockchain, “Without an ecosystem – blockchain – you can say it’s useless. It’s just a bunch of technology.”
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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