There has been a rapid increase in digital assets since the launch of the world wide web. And digital currencies such as cryptocurrency are leading the race.
Today we are looking into a Chinese cryptocurrency project first known as Antshare. But later rebranded and a new name NEO was born.
NEO presents plenty of characteristics that show it holds the future of digital assets, listed below.
- NEO has its blockchain (NEO blockchain).
- NEO has an independent smart contract (NEO contract).
- NEO has two native tokens (NEO and GAS).
- NEO consists of two assets (Global assets and Contract assets).
Features about NEO may not be fully focused on this article but from what is listed above. It shows that NEO is program-oriented. Currently, 70.5 million NEO is in circulation and was launched with the money generated from their token sales. NEO tokens aren’t mined and the 100 million tokens were generated at the time Neoblockchain was launched.
Buy NEO or develop using NEOblockchain
Coinbase is part of the few exchanges that don’t support NEO. Binance, Poloniex, and HitBtc on the other hand allow for NEO trading. Besides trading NEO, developers have a large space to launch apps on the blockchain and develop on the Neocontract. No fresh language is required. Neocontract supports C#, JAVA, and other mainstream programming languages.
How secured is the project?
Unlike the top cryptocurrencies that make use of proof of work and proof of stake, NEO uses delegated Byzantine Fault tolerance and it can run thousands of transactions per second. That’s a close relation to proof of stake.
What is dBFT? This is not common but it’s a sophisticated algorithm meant to facilitate consensus on a blockchain. Their security is beyond that of normally practiced.
In summary, Neo accepts a lot of wallets, and developers and traders should be proud of their new home, the platform is open for both. Their market price is growing very fast, and the team behind this project work hard to see the Neo price skyrocket in the nearest future. More reasons to show that it’s the future of digital asset is on their official website. Please do your research.