Neo to shut down its original Legacy blockchain, urges users to migrate by Q4

Neo Legacy, the unique model of the Neo blockchain launched in 2016, will stop operations by October because the venture completes its transition to Neo N3.

Neo will shut down its unique blockchain referred to as Neo Legacy by the tip of October, urging customers and builders emigrate belongings and good contracts to Neo N3 earlier than the deadline to keep away from everlasting loss.

Since launch in 2016, the Legacy chain has produced greater than 14 million blocks, processed over 281 million transactions, and supported practically 3 million addresses, the venture revealed in an X publish on Tuesday.

Neo Legacy was succeeded by Neo N3, a more moderen blockchain launched in June 2021. Legacy’s testnet will shut down on June 1, adopted by the mainnet on Oct. 31, the group mentioned within the announcement.

“After the shutdown, block manufacturing on Neo Legacy will come to a everlasting halt. Customers will not have the ability to switch belongings, migrate tokens to different networks, or deploy and develop good contracts on the community. All core functionalities will stop.”

Neo

A ultimate snapshot will probably be taken earlier than the shutdown to “protect the historic state of the community for reference,” the Neo group mentioned, including that every one belongings and good contracts on Neo Legacy “should be migrated to Neo N3 earlier than the official shutdown,” as failing to take action will lead to everlasting loss.

Neo additionally mentioned it will work with exchanges and supply migration help by means of official portals and its Discord neighborhood.