NEO Cryptocurrency – A Beginner’s Guide

NEO is a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a “smart economy” with a distributed network.

Onchain is a company based in Shanghai which was earlier known as “Antshares” have developed the NEO which is a platform of the cryptocurrency. Recently this brand has transformed its name to NEO.

This platform is also known as “Chinese Ethereum “because it supports the transactions as well the ICOs and DAPPS similar to the ethereum cryptocurrency. But NEO is an advanced version of ethereum as the former can be coded through various languages namely C/C#, GO and JAVA but the latter can only be coded in its base language.

Alongside the NEO coins, there is another one “GAS, the currency which is used various apps on the periphery precisely identical to the ether of Ethereum. So if you are dealing with NEO, you will be receiving GAS in your wallets which can be bought separately as well.

While Bitcoin was fully announced to be null and void by the Chinese government, NEO has got the green signal by the government to be dealt.

There has been a drastic rise in the prices of NEO from last year which depicts that this currency has a great future ahead.

Asked on September 14, 2018 in Cryptocurrency.
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