NEO

NEO is a blockchain-based network that enables smart contracts and digital assets with a unique use case that suits the smart economy.

The platform presents a peer-to-peer exchange, supports programming languages, and digitalizes assets while also creating smart contracts. To simplify all things, we can see that it is a nonprofit community-driven blockchain project as it utilizes blockchain technology and digital identity to digitize the assets but also automates the management of digital assets using smart contracts. Using a distributed network it also aims to create a Smart Economy for which we will read about in our guide below.

NEO is an ecosystem that provides the tools to develop the digital assets that will interact within the platform and to do so, the project is based on a blockchain and a decentralized solution that is used by crypto pioneer BTC. Its platform is unique and it doesn’t depend on any other mainnet so to maximize its capabilities, NEO Network added the NEO Coin which is a cryptocurrency that helps to power tranactions and exchange of value on the ecosystem so to sum up, it’s is the best place for programming decentralized applications which are becoming the next important thing on the digital world.

NEO is a unique blockchain and smart contract platform that has the goal of creating a smarter economy by bridging the gap between traditional assets and digital assets. The platform uses two different tokens, one used for payments and GAS used for transaction fees. NEO was developed in 2013 in China and it supports a similar token economy to Ethereum which caused some to even call it the “Chinese Ethereum.” The main aim is to become a digital, decentralized, and distributed platform for all non-digital assets via the use of smart contracts and to bring functions of the everyday economy to the NEO blockchain. For example, Travala.com is a traveling website that uses NEO to record bookings and to start accepting crypto payments.

If you are really keen on crypto, there’s no way you haven’t already heard about “Neo Blockchain” previously known as Antshares and now known as the Ethereum of China. While really similar to Ethereum, it has some interesting features which deserve a close examination but we will get on to it deeper in the guide. As mentioned, it is a nonprofit community-based project which utilizes blockchain technology and digital identity to digitize assets and to automate the management of digital assets that use smart contracts. The main goal is to be distributed network for a smart economy.

NEO was created by the same duo that founded the “OnChain” R&D company, by Erik Zhang and Da Hongfei in 2014. in 2016, their OnChain was listed in the top 50 Fintech company in China by KPMG. The project was funded by two crowd sales and the first one happened in 2015 and lasted for 10 days during which 17.5 million NEO tokens were sold for $550,000. in the second crowdsale the remaining 22.5 million tokens were sold for $4.5 million.

1. What is NEO?
2. What are NEO smart contracts?
3. OnChain
4. Smart Economy
5. NEO vs GAS
6. How Does It Work?
7. Features
8. Best Wallets
9. Best Exchanges
10. Regulatory Compliance
11. Name Service
12. What to Watch out for
13. How To Generate GAS?
14. What’s Next For NEO?