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NEO (NEO)

Purpose: Chinese Ethereum
Website: https://neo.org/
Coingecko Infos

Price for 1 NEO

17,96 $

-4,46 %

Rank: 77 - Market Cap: 1,27 bn $

NEO, previously known as Antshares, is a blockchain platform and cryptocurrency designed to support the development of smart contract-based decentralized applications (dApps) moreNEO, previously known as Antshares, is a blockchain platform and cryptocurrency designed to support the development of smart contract-based decentralized applications (dApps). NEO has a range of possible benefits that differentiate it from other blockchain-based platforms.

1. Fast Transactions: One of the most significant benefits of NEO is its high transaction processing speed. The platform is capable of processing up to 10,000 transactions per second, which surpasses the transaction processing speed of Ethereum, Bitcoin, and other blockchain-based platforms.

2. Decentralization and Security: NEO's consensus mechanism is based on delegated Byzantine Fault Tolerance (dBFT) that ensures high network security through decentralization. This eliminates the need for energy-intensive mining activities, thus making the NEO network more energy-efficient and eco-friendly.

3. Asset Tokenization: The NEO platform enables the creation and issuance of different digital assets, including payments, property rights, and economic shares. This feature helps businesses and individuals to digitize and manage any physical asset in a secure manner.

4. Interoperability: NEO has strong interoperability between different blockchain networks, which simplifies the process of developing and integrating decentralized applications. NEO's cross-chain functionality allows developers to build and connect dApps across different blockchains, increasing the use case of NEO.

5. Neo token (NEO): NEO tokens play a critical role in the NEO ecosystem, serving as a governance token, where holders can use their tokens to vote and make decisions that impact the platform's operations. Additionally, the token provides gas, used to execute smart contracts on the NEO network.

Sources:

- "What is NEO (Antshares)? - A Beginner’s Guide" by 99Bitcoins.com
- "NEO blockchain: top features and benefits of the decentralized network" by Coin Rivet.
- "NEO (NEO) Review: The Chines Ethereum?" by Coincentral.com. (AI generated summary)

Platform for decentralized applications (dApps)
Smart economy (smart contracts, digital assets and digital identity)
ICOs possible
Chinese companies and government are on board
Non-profit open source blockchain project
NEO GAS (dividend) will be distributed

DBFT (Delegated Byzantine Fault Tolerance) -> Improvement of Proof-of-Stake
Block time: 18 - 24 seconds
NeoVM (Neo Virtual Machine (Platform))
digital certificate for assets (assets are protected by law)
Neo Contracts (smart contracts on the NEO platform)
Many programming languages (C#, Java, Go)
NEO GAS (fuel of the NEO platform)
dApps: NEOMessage (decentralized messenger), NeoFS (dec. cloud service), NeoQ (quantum secure cryptography).