Cryptocurrency Neo. Features and benefits of this cryptocurrency

Cryptocurrency NEO: how and where to buy NEO, comparison of characteristics with Ethereum, review and forecast of the project

Total capitalization (as of 04.09.2019): $646.5 million

Trading turnover (24 hours): $244,488,462

The NEO cryptocurrency coincides with Ethereum in many characteristics, and therefore is its less popular counterpart. The creation of NEO was initiated in 2014, and the idea was implemented only in 2016 under the name Antshares (ANS). The Chinese developer company OnChain consists of 15 people led by founder Da Hongwei, of whom only six people are engaged in development, and the rest are marketing components. After the rebranding, when the name was changed to NEO, the exchange rate went up sharply.

The developers are going to release only 100 million NEO coin tokens. To date, 50 million coins have been issued, and 15 million are planned to be issued every year. Unfortunately, it will not be possible to earn money on NEO mining , because all network nodes are located within the company.

The issue was distributed as follows: 10% of the coins were purchased by the first investors, 17% were sold during the first ICO, and 23% during the second. The rest (50%) is held by the developers.

Comparison with Ethereum

NEO is also called “Chinese Ethereum”. This is not for nothing, because NEO also uses smart contracts, and, according to the developers, they are more advanced.

Benefits of NEO

Large organizations such as Microsoft Azure, Alibaba, and even the Chinese authorities are partners with NEO. Significantly, regulators consulted with the founder of OnChain before banning crypto exchanges and ICOs.
The main work on the project is carried out to simplify the work of the end user, and not to improve the technology as such. Obviously, more emphasis is placed on marketing, and for this, the best specialists were hired into the team.
Limited emission suggests that the currency will not rise in price, and perhaps even fall in price. At the same time, investors may be scared off by 50% of the capital in the hands of developers and the possibility of manipulation of a private blockchain.
According to the developers, NEO smart-contracts are improved and support digital identification, digitalization of various assets, decentralized commerce. Another advantage is a greater choice of programming languages for writing smart contracts.
The principle of decentralization is embedded in the concept of NEO, because the blockchain must process from 1 thousand to 10 thousand transactions per second. But while the blockchain, on the contrary, is centralized.
A new dBFT matching mechanism.
Big popularity in China.
The NeoX protocol provides compatibility with other blockchains.
High degree of security thanks to the NeoQS quantum algorithm.