Things To Know About NEO A Cryptocurrency
NEO is a cryptocurrency and a platform of Blockchain technology designed to use smart
contracts to create digital assets with an aim to bring this platform close to people.
and its risk for hacking has been reduced by improving its technology.
The main aim of NEO is to become the best Blockchain platform of 2020.
Development of NEO
Da Hongfei launched Antshares in 2017 which was later on renamed as NEO.
The development team of NEO includes active domestic developers as well as outsourced
developers to develop a strong Blockchain platform as well as decentralized
applications or DApps.
The technology used in NEO
The unique Blockchain system of NEO supports the identification, decentralization,
and digitalization of various types of commercial assets.
It includes the technology of Blockchain to create physical assets with a digital identity
like shares of a company
or digital money to be exchanged between peers on the network of NEO.
The main aim of NEO is to develop a platform which can be used to build other
decentralized applications and
allowing the users to use their Blockchain to implement smart contracts as well as
increasing the expansion
of the technology of Blockchain.
An automatically implementable contract in which terms are directly written in codes
is known as a smart contract.
This contract can make the platform trustworthy and binding so that a third party
can be relied upon.
Python and C++ will be used
to make it easily reachable for people.
its uses dBFT or Delegated Byzantine Fault Tolerance technology of consensus
mechanism instead of conventional
technology of proof-of-work to eliminate the possibility of a split in the chain
and lower the cost of electricity usage.
It will help its in achieving its target of physical digitalization of monetary
Advantages of NEO
Its will allow individuals and business entities to create an electronic identity
so that they can be accessed
through various methods of identification like fingerprints, voice recognition,
facial recognition, and SMS.
Use smart contracts to convert traditional assets into decentralized
The development of decentralized applications or DApps will be backed by
its by consistent development
of techniques and tools more mature by nature.
commonly used programming languages so that they can use it
a new programming language.
How to buy NEO?
Though you cannot buy its a platform that can be used for different
purposes but you can
buy the cryptocurrency, its coins, by using other cryptocurrencies
like LTC, ETH or BTC.
More than 40 global exchanges have listed itsfor trading it with other
cryptos as well as sometimes
with some of the fiat currencies like Indian rupee and euro etc.
Where to store NEO?
You can store cryptocurrency NEO in a its wallet specially designed for
on Windows, Mac, Linux and Android operating systems.
In this way,its one of the safest cryptocurrencies for users.
Written By : YOUSSEF J A ALMEER
Image rights @ u.today