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NEO Coin (NEO) is a cryptocurrency made by Da Hongfei and OnChain in 2014. It is a decentralized blockchain based platform for digitizing real world assets using smart contracts on the blockchain.
Neo is often described as the next generation smart economy platform and is also dubbed as the “Chinese Ethereum”. Founded as Antshares, the project rebranded to Neo in June 2017 in front of 200 attendees at the Microsoft HQ in Beijing.
Similar to Ethereum, Neo allows developers to use their platform to develop and deploy decentralized applications upon its network. However, Neo provides a plethora of tools that allows developers to efficiently deploy and scale smart contract dapps on Neo. Most importantly, the Neo Virtual Machine allows developers to code in multiple mainstream languages, including C#, Java, Go, Python, which means they no longer have to learn a new coding language to develop on the network as in Ethereum which requires developers to learn Solidity.
The Neo blockchain uses neither PoW or PoS as a consensus mechanism. Instead they chose to use a delegated Byzantne Fault Tolerance dBFT consensus mechanism that can support a transaction per second speed up to 10,000.
In order to digitize real word assets on the blockchain, Neo uses X.509 Digital Identities which also helps projects in complying with regulations regarding AMC/KYC. Along with digitizing assets, Neo will also create a smart network for Digital Identities which will allow users and companies to create electronic digital identities to be accessible through multi-factor authentication systems such as fingerprint reading and facial recognition.
In this tag you can discover Neo Coin (NEO) news, price prediction, opinion and analysis created by users.
22 Jun 2023 4 minute read 1 comment ChangeNOW
Cryptocurrencies have gained significant traction in recent years, and China, despite its previous strict stance on crypto, has become a prominent player in the market. With the Chinese government gradually embracing blockchain technology and digital...
31 May 2023 1 minute read 0 comments Crypto4light
Part 1: What is NEO Coin? NEO Coin, often referred to as the "Chinese Ethereum," is a decentralized blockchain platform designed to facilitate the development of smart contracts and decentralized applications (dApps). It aims to digitize and automate...
24 Apr 2023 6 minute read 0 comments D7
Two individuals sit at a table in front of a coffee shop: one a woman with a glowing light blue smartphone, the other a well-built African gentleman in modest clothing, with a stack of three books he refers to carefully as he talks. He writes notes o...
25 Oct 2022 1 minute read 1 comment isakrpt
If you’ve heard of cryptocurrencies, it’s likely that you’ve heard the name Binance. This Shanghai-based cryptocurrency exchange was founded in July 2017 and has exploded in popularity ever since then. From its decentralized structure to its function...
28 Apr 2022 7 minute read 0 comments Bit Brain
Introduction There are different types of stablecoins. Some are collateralised by a fiat currency (e.g. USDT), some are linked to a basket of fiat currencies (e.g. that Facebook abomination coin), some are linked to a fiat currency and are collater...
19 Feb 2022 1 minute read 0 comments moon333
If you like the video then don't forget to upvote/tip and share, thanks You can also support my work at Patreon for more ideas: https://www.patreon.com/moon333 In order to play and watch the current performance of the chart you need at least a...
14 Jan 2022 1 minute read 0 comments moon333
Don't forget to upvote/tip and share the post, thanks You can also support my work at Patreon for more ideas: https://www.patreon.com/moon333 In order to play and watch the current performance of the chart you need at least a free account on t...
5 Jan 2022 1 minute read 1 comment moon333
Hi dear friends, hope you are well and welcome to the new update on NEO coin.Daily wedge and triangle:On a daily time frame, Neo coin has formed a falling wedge pattern, now the movement is squeezed because at the end of the wedge a descending tri...
22 Nov 2021 2 minute read 2 comments Mchoeti
Technical Analysis - Can you do it ? Well i am not the best pro trader and no i do not have my own youtube channel. I am just a simple TA guy which loves crypto and statistics.And yes i have seen so many turorials and i was following so many calls....
13 Jul 2021 1 minute read 0 comments moon333
Brokedown the rising wedge:On the 4-hour chart, the price action of the NEO coin was moving in a rising wedge pattern and as it is a bearish reversal pattern, therefore, the price action eventually broke down the support of this rising wedge but s...
