NEO is a blockchain platform and cryptocurrency, which is designed to digitize assets using smart contracts, aiming to bring blockchain to the masses.
It supports common programming languages like Javascript and C++, with improvements to its technology, making it less vulnerable to hackers than Ethereum. The NEO's goal is to become No. 1 blockchain project by 2020.
A smart contract is a self-executing contract in which the terms of the agreement are written directly into code, making it binding and doing away with the need to trust a third party. Whereas the smart contracts in Ethereum can only be written in a language called Solidity, NEO contracts can be written in common programming languages like C++, Javascript, Python, etc. making it automatically more accessible to the masses.
Rather than the conventional Proof-of-Work technology, NEO uses a consensus mechanism called Delegated Byzantine Fault Tolerance (dBFT), which offers lower electricity costs and removes the possibility of a chain split. This also makes it easier for NEO to achieve its goal of digitalizing physical financial assets.
Digital Identity: NEO will allow the creation of electronic identity information for individuals, businesses and entities, to be accessible through multi-factor authentication systems involving voice-recognition, fingerprints, sms and facial recognition.
Smart Contracts: NEO’s smart contracts system is revolutionary in that it supports common programming languages known to 80% of the developers, so they wouldn’t have to learn a new language in order to use this.
DApps: NEO will support the development of decentralized applications like smart funds by continuously developing more mature tools and techniques.
Buying NEO cryptocurrency using fiat currency isn’t widely supported, but you can exchange it for other cryptocurrencies like BTC, LTC or ETH. NEO is currently listed on more than 40 exchanges globally, where you can trade it with BTC, USDT, ETH and rarely even fiat currency like Euro or Indian Rupees. Top exchanges include Bittrex, Bitfinex, Cryptopia, and more.
Perhaps the best way to buy the NEO cryptocurrency is to purchase it via CoinSwitch, which aggregates multiple exchanges for you to offer you the best rates. CoinSwitch will actively help you make the right decision by providing the prices for NEO on the crypto exchanges it’s sold in, all at one place. It supports more than 140 coins and 45,000 pairs of cryptocurrencies. You can choose whichever pair you want with your NEO token, and CoinSwitch will facilitate the comparison in various exchanges.
What’s more - with CoinSwitch, the largest cryptocurrency conversion platform, you need not create or rely on an NEO wallet specific to the exchanges. Instead, all transactions can happen to and from your very own private wallets.
There are NEO wallets for Android mobiles, Windows, Mac, and Linux desktops as well as online. In the last quarter of 2017, the Ledger Nano S hardware wallet also started supporting NEO, making it the safest option for users.
NEON is the desktop wallet for NEO, and it also supports GAS tokens. Other desktop wallets are NEO GUI and NEO CLI. Web Wallets that can be used are Binance, NEO Tracker, NEO Wallet, etc. Of all these, NEON is preferred because it also supports GAS, which is generally used to pay fees.
Also Read: Complete Analysis of Neo | Live Neo (NEO) Price Charts And Predictions
|
DATE |
OPEN |
HIGH |
LOW |
CLOSE |
VOLUME |
MARKET CAP |
|
Jun 01, 2018 |
53.2 |
56.09 |
52.95 |
55.45 |
10,25,77,000 |
3,45,77,90,000 |
|
May 01, 2018 |
84.37 |
84.86 |
79.32 |
84.64 |
18,08,19,000 |
5,48,39,80,000 |
|
Apr 01, 2018 |
50.34 |
50.59 |
45.3 |
47.3 |
7,33,49,000 |
3,27,20,60,000 |
|
Mar 01, 2018 |
133.65 |
136.15 |
126.57 |
129.05 |
28,23,88,000 |
8,68,71,40,000 |
|
Feb 01, 2018 |
145.96 |
147.16 |
115.27 |
126 |
35,64,95,000 |
9,48,72,00,000 |
|
Jan 01, 2018 |
76.19 |
80.69 |
72.72 |
78.82 |
14,20,94,000 |
4,95,24,50,000 |
|
Dec 01, 2017 |
32.89 |
36.24 |
31.36 |
35.84 |
8,93,59,700 |
2,13,77,90,000 |
|
Nov 01, 2017 |
28.38 |
28.44 |
26.68 |
26.86 |
4,97,82,800 |
1,84,47,40,000 |
|
Oct 01, 2017 |
34.12 |
35.83 |
31.82 |
35.72 |
7,21,69,500 |
1,70,58,80,000 |
|
Sep 01, 2017 |
33.17 |
33.57 |
28.87 |
32.01 |
7,54,18,900 |
1,65,86,80,000 |
|
Aug 01, 2017 |
7.36 |
8.2 |
6.96 |
7.86 |
1,85,27,900 |
36,81,23,000 |
|
Jul 01, 2017 |
8.77 |
9.24 |
7.74 |
7.95 |
3,31,28,400 |
43,82,93,000 |
|
Jun 01, 2017 |
1.03 |
1.3 |
1.01 |
1.24 |
80,61,920 |
5,13,83,000 |
|
May 01, 2017 |
0.36169 |
0.36169 |
0.269563 |
0.318838 |
11,42,050 |
1,80,84,400 |
|
Apr 01, 2017 |
0.20361 |
0.20615 |
0.19444 |
0.205017 |
1,09,993 |
1,01,80,300 |
|
Mar 01, 2017 |
0.11746 |
0.1352 |
0.113717 |
0.135197 |
12,914 |
58,72,750 |
|
Feb 01, 2017 |
0.14703 |
0.15029 |
0.140878 |
0.147218 |
4,496 |
73,51,700 |
|
Jan 01, 2017 |
0.14476 |
0.14727 |
0.139742 |
0.141841 |
63,512 |
72,38,150 |
|
Dec 01, 2016 |
0.14452 |
0.14485 |
0.138559 |
0.140114 |
62,769 |
72,26,100 |
|
Nov 01, 2016 |
0.22823 |
0.23915 |
0.204285 |
0.211322 |
4,11,699 |
1,14,11,600 |
|
Oct 01, 2016 |
0.18498 |
0.21646 |
0.184979 |
0.202293 |
2,748 |
- |
NEO’s popularity has been increasing steadily because of its similarity to Ethereum as well as the perks over it. Experts predict that though the crypto market is highly volatile, the value of NEO coin is likely to go up in 2018, making it one among the top 10 cryptocurrencies by the end of the year.
Smart contracts are the future of blockchains. Ethereum has proved this by rising to the second position in global rankings despite being relatively new. This shows great potential if you plan to invest in NEO, which is a more user-friendly version of Ethereum.
NEO has the added benefit of support from Chinese businesse, since it has its origins in China. With China being the large market that it is, it’s obvious that an investor perspective should factor in Chinese support and regulation. At the same time, NEO’s Chinese origins can be counter-productive because of its particular exposure to China’s notoriously strict regulations. It predicted that the price of NEO coins will steadily increase throughout 2018, making it a sound investment option, in the same league as Bitcoins and Ethereum tokens.
Q. What is Neo blockchain?
A. Neo is an open-source project which utilizes the blockchain to digitize assets and automate them using smart contracts.
Q. What is Neo gas?
A. Gas is a cryptocurrency as well as the fuel for Neo tokens. With each Neo block getting generated, GAS will be distributed to all NEO holders.
Q. How to buy Neo?
A. You can buy Neo from CoinSwitch at the best rate.
Q. What does Neo do?
A. NEO, also known as the Chinese Ethereum, aims to create a smart economy using blockchain technology and digital identities to digitize assets.
Q. How much is a Neo coin?
A. As of August 27, 2019, 1 NEO is equivalent to $9.58.
Q. What is Neo coin used for?
A. The base asset of the NEO blockchain is the non-divisible NEO token which generates GAS tokens that can be used to pay the transaction fees to utilize the NEO network.