Neo is the largest cryptocurrency in China. NEO is a smart-contract platform comparable to Ethereum in its objectives. It utilises a consensus technique called delegated Byzantine fault tolerance, enabling 10,000 transactions per second, compared to Ethereum’s 15 transactions per second.
NEO is commonly regarded as China’s Ethereum. Both cryptocurrencies use smart contracts, while NEO leverages its own blockchain to enhance Ethereum’s network. NEO describes itself as the distributed network for the smart economy. Smart economy refers to digital assets that have a digital identity backed by smart contracts.
NEO was created in China in 2014 as AntShares by Da Hongfei and Erik Zhan and renamed as NEO in June 2017.
Experts are optimistic about the currency’s future, though some are concerned about its vulnerability to Chinese government regulation.
Investors may also consider adding NEO to their portfolios if they believe the market will eventually favour protocols that facilitate the creation of custom tokens and decentralised applications.
Form of ownership: Unlike Bitcoin, they reward users of NEO for their coin holdings rather than for using their computers to process transactions. Rather than that, each NEO token functions as a form of ownership on the blockchain.
Trading: Individuals can profit from trading and investing in NEO coins.
Exchange: We can exchange NEO coins for various other cryptocurrencies and fiat currencies via cryptocurrency exchanges.
The Antshares team launched their cryptocurrency, ANS, in a 2014 token sale that raised over 6,100 bitcoin. In 2016, the team changed the ANS tokens to NEO, and the company had a second token sale, collecting almost $8 million and releasing the whole quantity of NEO currencies.
They distributed half of the NEO supply to token sale participants, with the remaining half reserved for Neo developers, a community fund, and other investments.
NEO was founded in China in 2014 as AntShares by Da Hongfei and Erik Zhan and rebranded as NEO in June 2017. It is a blockchain-based platform that facilitates the creation of digital assets and smart contracts.
NEO provides decentralised storage, oracles, and domain name service, laying the groundwork for the Next-Generation Internet.
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Neo is the largest cryptocurrency in China. It is a smart-contract platform comparable to Ethereum in its objectives.
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