NEO Cryptocurrency Review

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NEO Cryptocurrency Review

Sad to say it, but all indicators are pointing sideways for NEO. It had such a massive run up in the AntShare days, but those days are long gone, and anyone who profited off of such a big move has already cashed out and moved on to another coin. There hasn’t been an important conference oor announcement in who knows how long, but what is known is that this project doesn’t look like a long term hold or short term trade. It looks overall stagnant, and I feel sorry for anyone still holding onto this coin.

BruceLi September 2, 2020 Reply

Ok, so we all know NEO got hit hard during this crypto winter, but I think this is a major buying opportunity. Of course we are all geniuses in hindsight, but this is more then likely a safe point to pull the trigger on some major discount NEO. I consider everything very early, so I don’t anticipate to see real gains until 2-4 years from now. It’s always going to be a waiting game in terms investments, and crypto is no different. Place your bets and wait for the big projects. Small cap coins are a different story, and those are all short term holds.

Devin April 21, 2020 Reply

Still one of the most sad projects in crypto has got to be NEO. Why isn’t anyone else talking about how bad this project is? The sentiment is palpable in its subreddit community, and the developers don’t even seem to care what happens or doesn’t happen to their project. It seems that the China ban truly did destroy their project, considering many other projects in the world are thriving, such as ETH, BTC, XLM, etc. I This is a great coin to swing trade, but I don’t know about its goals long term.

Gabe April 14, 2020 Reply

Ouch, NEO. I remember when this coin was over $200. What happened? It looks like anyone who held this coin got completely wrecked. I guess this is the moment where you would say to buy when there’s blood in the streets? If there is a coin that is still beyond wrecked, it’s NEO. Now with all that said, I’m buying this coin in huge numbers because once this gets its legs back we’re going to see a huge recovery. Everyone is going to wish they at least got in with a decent sized position.

Kati March 26, 2020 Reply

Neo used to be the talk of the town in crypto. Wow has that changed ever since crypto winter. I’m down nearly 70% because I bought back in after I thought the worst was over- boy was I wrong. Trying to trade NEO has been like trying to catch falling knives left and right. NEO had so much promise and Da Hong Fei was such a great leader, but it seems like the cat’s out of the bag that blockchain isn’t going to be solving any real world issues in the next 1-3 years. All these CEOs are covering themselves and going radio silent.

Gavin March 9, 2020 Reply

What has the NEO development foundation done in the last year? After the explosion from Ant Shares and the hype that ensued- whatever happened? Da Hong Fei has been completely silent and it seems that more and more projects are leaving for other platforms such as EOS. The key to crypto is relevance, and NEO at the moment doesn’t have much. NEO has so much potential, and they have the power to overtake Ethereum, but the developers need to be more open about the future of NEO.

Doug February 24, 2020 Reply

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Great news, guys – over the past 24 hours NEO has grown by more than 50% on the rumors that it might be added to Bithumb. Also I’ve seen some twitter messages that ICO ban may be cancelled in China, that may also awaken the bulls. Some crypto managers though say it’s a standard pump and close their long positions as it’s the right time to fix profits.

NEO Cryptocurrency Review: What Do We Know About It?

About NEO

NEO is a non-profit organization based on a blockchain network. It was launched initially in 2020 as Antshares cryptocurrency, but on 22 nd June, 2020 the creator decided to change the name with one that has a stronger impact.

Why did they choose to call themselves NEO? This is because in Greek translation NEO means ‘newness, novelty and youth”.

The company was projected in China and is called the “Chinese Ethereum”. Its tokens are called GAS. The platform is the first decentralized, open-source cryptocurrency and blockchain created in China.

The functionality of the platform blockchain is to combine digital currencies with digital identities and create Smart Economy.

Digital Identity

The Digital Identity that the company uses to create Smart Contracts is personal information of individuals, organizations and other electronic companies. The system implemented a Public Key Infrastructure (PKI) software to create a stronger security for users.

Smart Contract

Why is the Smart Contract project a great advantage for the NEO blockchain? The Smart Contract is an innovation that blows the blockchains’ ecosystem. It is a new era for cryptocurrency networks all over the world. As a developer, you do not need to learn a new programming language. NEO designed a revolutionary system. It allows developers to use basic platforms to implement a smart contract from zero. They can use C#, Java or other programming languages that are used by many developers.

Do you fit in the characteristics mentioned above? If yes, you can start to code your smart contracts right now. NEO’s Universal Lightweight Virtual Machine or simpler NeoVM was created to give users the advantages of high certainly, high concurrency and high scalability for their smart contracts.

How can you get NEO tokens?

You can fulfill your wallet with NEO cryptocurrency tokens exchanging other coins like Bitcoins, Litecoins or Ethereum into NEO tokens. All you will need is your personal NEO address to stock your digital money and some altcoins to exchange them.

You can also exchange altcoins into NEO tokens on the following platforms: Binance, Bitfinex, Bittrex, Cryptopia, Yumbi, Jubi, Yuanbao, 19800 and Yobtc.

But where to keep your tokens? You have four options for your NEO wallet: hardware, desktop, web and paper wallet. For more information about how to download and install your personal wallet you can enter on NEO’s official website.

The Advantages of NEO blockchain

– You can code your own smart contracts using only C# and JAVA programming languages;

– During the rename, the NEO company also implemented new technologies for its network. It is always customizing with blockchain’s changes;

– NEO has partnerships with strong corporations. This will protect them from crypto-changes that may appear in China because of Government’s legislative “taxation”.

The Disadvantage of NEO blockchain

– There are fears in terms of China’s regulation. If the Government continues to ban the ICO’s, the future of NEO’s platform is unknown.

Conclusion

The NEO platform is for sure one of the optimistic cryptocurrencies in the world. The price for one NEO is growing day by day. You can invest or not in China’s project. It’s up to you! The creators assure users that their blockchain masterpiece will blow the technological era.

What is NEO?, Neo cryptocurrency review, features, advantages & disadvantages

by Heba Soffar · Published September 15, 2020 · Updated September 18, 2020

NEO is a cryptocurrency, It is based on a blockchain platform, It was designed to create a network of the decentralized applications which is scalable, The NEO token is considered the base asset for the NEO blockchain, It generates the GAS tokens which is normally used to pay for the transaction fees which are generated by the applications on the NEO network.

NEO cryptocurrency

NEO is open source, It has two core developers & they have done a lot of work with digital assets, The NEO coin has high certainty, high scalability, and compatibility across various application platforms, It supports the fast development and the deployment of smart contracts & projects because there is no need for the developers to learn a new programming language.

The digital identity is a great feature of the NEO cryptocurrency which is highly beneficial in order to increase the integrity of the transactions, The NEO network can support a huge range of the programming languages which are commonly used, The GAS which was formerly known as the ANG-Antcoins is another crypto-token of the NEO other than the NEO cryptocurrency.

The NEO has been ranked among the top ten best cryptocurrencies in the market, The NEO is expected to rise above 75 dollars in the future, It is a great project with potential possibly equal or more than the Ethereum, It is a strong competition to the Ethereum because the NEO allows the developers to use any programming language rather than learning a new one.

Neo coin

The price of the NEO went from $6 to $52 in just a night which made it reach the top 5 market cap, At present, it is ranked among the top 15 cryptocurrencies in the market., The NEO project was initially launched in the year 2020 as the AntShares in which the development resources were made available by the founder Erik Zhang and Da Hongfei, They later launched the Onchain which offers the blockchain consulting services.

NEO is the platform that has been touted as “Chinese Ethereum”, immediately garnering a great deal of attention from the crypto world, the NEO blockchain platform and the allied crypto coin that comes with it does a lot that is similar to Ethereum, like hosting dApps, smart contracts & more, The use of smart contracts is an important feature which sets the NEO platform apart from the bitcoin.

The indivisible units of the NEO and the smallest unit of the NEO are always 1 share, These shares are not capable for a division like the other coins such as the bitcoin, The NEO can’t be divided into a fraction, This might serve as a problem when the value of the NEO increases, the exchanges have made their own methods for the division of the NEO coins.

Although the GAS tokens can be bought & sold on various exchanges, the users are more likely to buy the NEO coins, This is because this will represent the stake of the user in the future of the NEO platform, Although the users are holding the NEO coins in their wallets, they start generating the GAS coins automatically, This is quite similar to the Ethereum but it very different from the mining process in the bitcoin.

NEO coin advantages

The NEO platform is suitable for the ICO by letting the projects to launch the NEO coins on its platform, Having a quantum secure feature which is computer proof makes the NEO platform ready for future technology, The NEO is ready for the cryptography which is quantum-resistant The NEO Cryptocurrency has a notable transaction speed and it can handle as much as 10000 transactions every second, It can handle mainstream applications.

NEO can be written using languages like C + and Java with Python and Go support soon on the cards, so, it becomes easy for more and more blockchain developers to join the bandwagon, Writing smart contracts on Ethereum requires one to know Solidity, a slightly more complicated language, so, NEO is a more accessible platform for developers.

NEO has the delegated Byzantine Fault Tolerance System or dBFT that is an improved upon its inspiration Ethereum’s Proof of Work consensus protocol, The dBFT is more energy-efficient consensus mechanism than most of the older consensus mechanisms & this factor seems to give NEO an edge, NEO can process roughly 1000 transactions each second, This high speed gives it an extremely high degree of efficiency which is capable of boosting adoption.

NEO coin disadvantages

NEO lack popularity among a Western Audience, NEO has taken on a mighty competitor like Ethereum that already has a loyal user base and an established reputation, new competition is coming up every now & then, That makes NEO’s struggle for survival more acute, In such a backdrop, we wonder if simply having blockchain smart contracts and dApps would cut it.

The Neo Cryptocurrency takes a lot of time for the blockchain to synchronize with the customer or the client, While transferring the coins from the exchange can take a lot of time to appear, Everyone is fighting to be root chain, there can be many root chains, I don’t think there needs to be just one going forward but there is not going to be 20 root chains in the future, Most companies and services will decide to use one and adopt it, so, NEO could be thrown to the side if no one decides to build on it.

Legislative unknowns should make NEO be approached with caution as well as all currencies built in the very strict governmental system of China, Anything that takes away power from governments is going to have friction, without partnerships, NEO will be nothing, Neo has stolen ADX from ETH and that is a huge statement, China is the largest market and they will be more apt to support NEO than ETH.

The NEO vs the GAS

The NEO and the GAS tokens are native to the NEO platform were designed to serve different purposes, The ownership of the new blockchain is represented by the NEO tokens, The NEO tokens can be used to manage the NEO network and create the blocks, When a user holds a NEO token in their wallet, they are rewarded with the GAS tokens.

The right to use the NEO blockchain is given by the GAS tokens, The GAS token is used as fuels in order to power the transactions in the NEO network, It serves the same purpose as the ether serves to the Ethereum network.

The Difference between the NEO and the Onchain

The NEO & the Onchain are entirely separate entities, they are in existence independently, No one owns the other one, The NEO focuses on the B2C segment while the Onchain targets the B2B services of an enterprise, They both are funded separately, The NEO is funded by the public community, Whereas the Onchain community is funded by Fosun.

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