The post Neo Legacy Shutdown: Crucial Deadline Approaches for Blockchain Network Users appeared on BitcoinEthereumNews.com.

Attention, members of the cryptocurrency community! A significant announcement has come from the Neo project that requires your immediate awareness. The Layer-1 blockchain network, Neo, has officially declared its plan to discontinue the operation of its original infrastructure, known as the Neo Legacy network. This move marks a pivotal moment in the evolution of the Neo blockchain, signaling a full transition to its next-generation platform, Neo N3. Understanding the Neo Legacy Shutdown Timeline According to an announcement shared on Neo’s official Medium blog, the phased Neo Legacy shutdown is already underway. The first step involves decommissioning the Neo Legacy testnet, which is scheduled to go offline on June 1. This will be followed by the main event: the complete shutdown of the Neo Legacy network mainnet, set for October 31. This date is a critical deadline for anyone still interacting with the older network. Here are the key dates to remember: June 1: Neo Legacy Testnet Shutdown October 31: Neo Legacy Mainnet Shutdown This strategic decision allows the Neo team and its community to fully concentrate resources and development efforts on the advanced Neo N3 network. Why is the Neo Legacy Network Shutting Down? The decision to shut down the Neo Legacy network is a logical step in the project’s lifecycle. Like many technologies, blockchain networks evolve. Neo Legacy, while foundational, has limitations compared to its successor, Neo N3. Maintaining two parallel networks is resource-intensive, both in terms of technical support and development focus. By decommissioning the old network, Neo aims to: Consolidate development efforts solely on Neo N3. Reduce the operational costs associated with maintaining the legacy chain. Streamline the ecosystem, encouraging all participants to leverage the superior capabilities of N3. Potentially improve security and efficiency by having a single, focused infrastructure. This move is less about abandoning the…

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Filed under: News - @ April 29, 2025 5:27 pm