NEO is the next ethereum. A lot of people seem to be a bit skeptical about NEO but we are certain that the cryptocurrency will make a big impact in the near future.
In this blog we will discuss why it is a good idea to buy NEO or in other words: Why do we think NEO is going to be the next ethereum?
NEO is a relatively new cryptocurrency, it was launched in September 2016 and it has been growing substantially since then. At the time of writing this blog, NEO has a market cap of $2.4Bln which makes it the 10th biggest coin on the market. It’s currently trading at $33 which is quite a lot compared to ETH that’s trading at $250 and BTC that’s trading at $5000 per coin.
It might seem like NEO is overpriced but we think it should be valued more highly than Ethereum as a platform. The reason why we say so is because it seems like NEO will have some unique features that will make it grow faster than any other cryptocurrency on the market.
NEO is not only a cryptocurrency, but also an entire blockchain-based platform for decentralized applications (DApps). If you’re new to cryptocurrencies you should know what they are: they are applications or programs that are run on computers that are connected to the blockchain network. Those programs can be anything from games to financial applications. Some people even predict that many of today’s business could be run on DApps in the future, for example, banking and insurance companies could use DApps for many transactions instead of having employees to do them manually.
At the moment there
The amount of attention NEO is getting is increasing by the day. In this article, we will explain why we think NEO is a good investment and why you should consider buying NEO.
What is NEO?
NEO Cryptocurrency: Everything You Need to Know about China Ethereum
First off, let’s start with what NEO actually is. NEO is often called “Chinese Ethereum” or “Ethereum’s killer”, but this description does not do justice to NEO, in our opinion. While it’s true that NEO was inspired by Ethereum, it improved on some of Ethereum’s shortcomings. The result is a next-gen enterprise-grade blockchain platform that has the potential to revolutionize trade and finance across global markets.
Unlike Bitcoin and Litecoin (other popular cryptocurrencies), which are designed to replace current monetary systems, NEO aims to automate the management of digital assets using smart contracts. Smart contract technology allows for fully automated digital assets that can be exchanged between peers without any need for third parties like banks or law firms acting as escrow agents. This makes transactions more efficient, secure and transparent.
Transactions on the network are free for users and the network supposedly supports up to 10,000 transactions per second. This would make it suitable for mass adoption by companies like Alibaba who
NEO is the Chinese Ethereum. The Chinese government has fully embraced blockchain technology, and NEO is one of the key projects they have funded to make this happen. Since China has such a huge population, and a huge need for blockchain tech, NEO is a very good investment.
NEO was formerly known as AntShares (ANS). But in a rebranding move, they changed the name to NEO. This happened in June 2017. NEO is based in China.
NEO uses a new programming language called C
NEO is a blockchain platform and cryptocurrency which was developed in China and was formerly called Antshares. The NEO project rebranded itself to NEO from Antshares in 2017. NEO has been described as the ‘Ethereum of China’ because it shares many similarities with Ethereum, including providing a platform for the development of a new generation of cryptocurrencies and decentralized applications.
NEO has been designed to support multiple commonly used programming languages, including C
NEO, formerly known as Antshares, is China’s first ever open source blockchain. Founded in 2014, NEO’s mission has been to reinvent the way commerce is done. We believe technology drives progress and together we can create the future. Motivated by this, NEO has been created to shift our traditional economy into the new era of the Smart Economy.
NEO is a blockchain platform and cryptocurrency designed to build a scalable network of decentralized applications. The base asset of the NEO blockchain is the non divisible NEO token which generates GAS tokens that can be used to pay for transaction fees generated by applications on the network.
NEO incorporates digital identities and smart contracts to bring a “smart economy” into reality. The network utilizes two digital assets (NEO and GAS) to incentivize its operation and deployment of smart contracts on its platform.
NEO is a cryptocurrency and blockchain platform for smart contracts. The most important thing about NEO is that it is a non-profit community-based blockchain project that uses blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a “smart economy” with a distributed network.
NEO was founded in 2014 and was real-time open source on GitHub in June 2015. Its MainNet was released in October 2016 and has been running in stable capacity for two years. Its vision of the “smart economy” was set up along with the project rebranding in 2017. In NEO, we can use digital certificates to use legally binding agreements on the blockchain network.
NEO has experienced four stages of development: “Antshares 1.0”, “Antshares 2.0”, “NEO 3.0” and the current stage “NEO 3.0+”. Since 2017, more than 10 protocol upgrades have been completed, such as dBFT 2.0 Consensus Mechanism, NeoContract Smart Contract System (NeoVM), NeoID, NeoFS, NeoQS Quantum Resistance Mechanism, etc., which have greatly improved the TPS, stability and safety of the system .