Neo X Testnet Gamma Version Unveiled with Enhanced Features and Fee Burning Mechanism

IconCryptoNewsTerminal Staff17 Jul, 2024

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Neo X Testnet Gamma Version Unveiled with Enhanced Features and Fee Burning Mechanism

Neo, the leading Layer-1 blockchain platform, has announced the release of the Gamma version of its Neo X testnet. This latest iteration introduces a comprehensive set of upgrades, including a novel fee burning mechanism inspired by Ethereum's (ETH) EIP-1559. The Neo X testnet was initially released on January 31st, 2023, and has since seen continuous improvements. The Gamma version further enhances the platform's stability, security, and compatibility. The fee burning mechanism implemented in Neo X Gamma adopts a unique approach that differs from Ethereum's EIP-1559. The mechanism aims to address gas fee volatility and inflation concerns. Developers and users can now interact with the Neo X Gamma testnet to explore its new features and provide feedback. This release marks a significant milestone in the development of the Neo X network, paving the way for its eventual mainnet launch.

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