Neo Integrates with Rosetta, a Coinbase-led Open Source Project

This article was first published on Stories by Neo on Medium

To build the next-gen Internet of Interoperability

Neo is excited to announce an integration with Rosetta, an open-source project led by Coinbase. As a leading public blockchain pioneering in interoperability via protocols such as Poly Network, we look forward to work together with Rosetta improving protocol integration processes in order to build the next-gen Internet.

It is complicated and time-consuming to write reliable blockchain integrations. The process requires careful analysis of the unique aspects of each blockchain and extensive communication with its developers to understand the best strategies to deploy nodes, recognize deposits, and broadcast transactions. Even a minor misunderstanding can lead to downtime, or even worse, incorrect fund attribution. Addtionally, this integration must be continuously modified and tested each time a blockchain team releases new software.

Project developers spend countless hours answering similar support questions for each team integrating their blockchain, rather than spending time working on their blockchain. With their questions answered, each integrating team then writes a similar code to interface with the blockchain instead of spending their engineering resources adding support for more blockchain projects or working on unique products and applications.

The aim of Rosetta is to establish a standard for protocol integration. Launched by Coinbase, Rosetta is a 100% open source technology framework for digital wallets, crypto exchanges, and related platforms aiming to promote the adoption, collaboration, and wide-spread use of different blockchain solutions.

Neo is excited to working with the Coinbase and Rosetta teams on this excellent project. As one of the founding members of the recently launched Poly Network, Neo is already implementing interoperability in its latest DeFi initiative — Flamingo Finance. We looks forward to contribute our knowledge of underlying protocols, interoperability, and wallet development to the growth of this exciting project.

Neo has already contributed to Rosetta Construction and Data API:

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Stories by Neo on Medium

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