Neo X TestNet v0.4.0 Upgrade

JUN

23

Event date

Monday 23 June 2025, UTC

Event description

The v0.4.0 upgrade introduces a preview of Zero-Knowledge (ZK)-based Distributed Key Generation (DKG) verification, a cutting-edge feature that boosts privacy and efficiency using zk-SNARKs technology (Neo, 2025). It also adds ZK-based DKG execution at the dBFT level, a new NeoXEthSig fork for EthereumPoS-compatible block signatures, and anti-MEV (Miner Extractable Value) optimizations to protect users from transaction manipulation. This upgrade, detailed on Neo’s official Medium post (Neo, 2025), aims to strengthen Neo’s position as a leader in the smart economy. Developers can expect a smoother transition thanks to compatibility with TestNet v0.3.2 and MainNet v0.2.2, with support available via the Neo Discord community.

Recent News

Over the past three months, Neo has been gaining traction. The project’s focus on ZK technology aligns with industry trends, as zero-knowledge proofs are increasingly adopted to address blockchain scalability and privacy challenges (Chainlink, 2022). Additionally, Neo’s current price of $5.67 USD reflects growing investor interest, supported by a 24-hour trading volume of $28.7 million (CoinMarketCap, 2025). This momentum underscores the upgrade’s timely relevance.

Future Plans

Looking ahead, Neo is migrating to its N3 version, touted as the most powerful iteration yet, with features like voter rewards and enhanced interoperability (neo.org, 2025). The roadmap hints at further ZK integrations and expanded dApp support, positioning Neo to compete with top layer-1 blockchains like Ethereum and Solana.

Onchain Data

Specific onchain metrics for Neo X TestNet are not publicly detailed yet, as it remains in the testing phase. However, Neo’s MainNet has shown resilience with stable operation for over four years, and the upcoming upgrade is expected to drive increased developer activity (neo.org, 2025). Keep an eye on transaction volumes post-upgrade for real-time impact.

Community Sentiment

X reactions to the announcement have been overwhelmingly positive. Users like @Charismatic_Doe and @EffangaEdiomo praised the ZK features and anti-MEV upgrades, with comments like “Massive upgrade for Neo X TestNet! ” and “Awesome Great job team!!!!” (X, 2025). The buzz suggests strong community support, though some, like @Osimancover, are asking about joining the Neo community, indicating a need for better onboarding.

Additional Insights

This upgrade comes as the crypto market sees renewed interest in privacy-focused blockchains, with ZK tech gaining traction (Traders Union, 2025). Neo’s move could attract developers and investors, especially given its early adoption of Delegated Byzantine Fault Tolerance (dBFT), a unique consensus mechanism (neo.org, 2025). Competitors like Polygon are also exploring ZK rollups, but Neo’s focus on a full-stack ecosystem gives it an edge.

Risk Disclaimer

As with any upgrade, potential risks like short-term network instability or price volatility may occur. Always conduct your own research before investing.

Join the Neo Discord for updates and get involved in shaping the smart economy!

NEO

Bullish or Bearish?

bullish
bearish
subscription

Be aware of the recent news
in crypto every day

Please keep me updated by email with the latest crypto news, research findings, reward programs, event updates, coin listings, and more information from Bitdates.