NEO (NEO): An Open Community for Sensible Financial system
NEO QUICK STATS
TYPE:Platform
CREATION DATE:February, 2014
DEVELOPMENT STAGE:Full Launch
CURRENT SUPPLY:65,000,000
TOTAL SUPPLY:100,000,000
ALGORITHM:SHA256 / RIPEMD-160
PROOF TYPE:PoS
BLOCK TARGET:15-20 seconds
The ninth largest cryptocurrency, with a complete market capitalization of over 3 billion USD, NEO fee processing is out there by CoinPayments.
Since NEO rebranded from Antshares (ANT) in 2017, it has rapidly gained momentum as China’s main sensible contracts platform. A forex inevitably in comparison with the Ethereum blockchain for his or her similarities, Neo and Ethereum are each open supply, Turing full platforms particularly designed to host sensible contracts, preliminary coin choices (ICOs) and dApps, respectively fueled by crypto belongings.
NEO contracts help a number of coding languages comparable to C#, Java and Go, making it a straightforward course of for builders to code sensible contracts and dApps.
On the NEO blockchain, customers are in a position to register, commerce and flow into digital belongings.
NEO contains two native tokens, NEO and GAS. Each capped at 100 million tokens, NEO tokens symbolize the shares held within the NEO ecosystem in addition to rights to dividends within the type of GAS – a proof of stake like incentive generated with every new NEO block, designed for use as a type of fee and disbursed to Neo’s shareholders. GAS powers the Neo ecosystem and fuels sensible contracts and tokens constructed on the NEO blockchain.
NEO was developed by OnChain, a extremely respected Chinese language fintech firm that designs and creates blockchain options for companies, and who has lately labored alongside excessive profile tech corporations comparable to Alibaba and Microsoft China.
Whereas China’s infamous tentative ban on home cryptocurrency commerce has had a devastating impact on the crypto market, it has additionally been an avid supporter of blockchain agreeing that belongings, funds and digital identities, to call just a few, may benefit from a P2P expertise. NEO has continued to increase rapidly changing into probably the most interesting and profitable Chinese language blockchain venture up to now, and though not formally endorsed by the Chinese language authorities, NEO builders have been invited as VIP audio system to authorities sponsored blockchain occasions.
Certainly NEO has a protracted highway forward, however China has a specific affinity to native corporations who’re prepared to abide by its strict guidelines, positioning OnChain and NEO because the entrance runners for China’s first absolutely regulated cryptocurrency.
FURTHER INFORMATION ABOUT NEO
Neo Web site | Neo Block Explorer | Neo on BitcoinTalk
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