NEO Elects Netherland’s telecom giant, Royal KPN as a Full Consensus Node Operator

The NEO project was originally launched in 2014, found a new full consensus node in the Netherland’s telecom giant, Royal KPN, one of the largest telecoms companies in the country with an annual revenue of €8.472 billion reported back in 2013. Royal KPN has been elected as a full consensus node by NEO token holders. Making the company the first full node operator not intrinsically tied to the NEO project.  Until now, 6 of the 7 mainnet consensus nodes were hosted by NEO while 1 was hosted by CoZ, the other entity not directly tied to the project. This new addition further cements the decentralization of the NEO project.

NEO uses a token holder voting system, where node operators are selected through an election process. This setup is similar to the electoral process of EOS’ system.

The Dutch telecoms giant, which services are provided throughout Europe, had originally announced their bid to become a full consensus node operator back in January of this year. A NEO official blog post on October 20, 2018, confirmed that voting on a full KPN node on the mainnet was set to proceed. There was a sense of security in the vote as KPN had previously been operating a consensus node on the NEO testnet.

NEO has been making other moves in their momentum of expansion. GAS, the secondary token to NEO, had $97,000 worth dedicated towards the purchase of .neo domain names.

Currently, the company is working towards further decentralization. In 2019, NEO is planning to fully democratize the election process of consensus nodes hosting.