NEO is a cryptocurrency that represents a blockchain-based technology platform and is also known as the “Chinese Ethereum.” NEO was developed to support the creation of smart contracts and decentralized applications (dApps), and aims to build a smart economy based on digital assets.
The most important information about the NEO currency:
1. Launch and establishment:
• NEO was launched in 2014 under the name AntShares before being renamed NEO in 2017.
• The main founders are Da Hongfei and Eric Zhang.
2. Technology:
• It uses a consensus mechanism known as dBFT (Delegated Byzantine Fault Tolerance) which allows for high speed in executing transactions.
• Supports smart contracts written in programming languages such as C#, Python, Java.
3. Purpose:
• Converting traditional assets (such as real estate or stocks) into digital assets that can be traded across the network.
• Provide a developer-friendly platform to build decentralized applications.
4. Token:
• The digital currency that the network operates with is called NEO.
• There is another token known as GAS, which is used to pay network fees.
5. Number of currencies:
• The maximum number of NEO coins is 100 million.
6. Its features:
• NEO cannot be divided into smaller units (i.e. the minimum amount is 1 NEO).
• Provides a digital identity system.
• Supports partnerships with many international companies.
7. Projects:
• NEO is part of the major Chinese blockchain projects and is backed by the Chinese government.
NEO Uses:
• Long term investment as a digital currency.
• Pay transaction fees on the NEO network using GAS.
• Participate in the development of decentralized applications.
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If you are interested in buying or trading NEO, you can find it on many trading platforms such as Binance, Coinbase, and others.
