NEO Cryptocurrency Review – What is NEO?

NEO Cryptocurrency Review – What is NEO? NEO is another generation smart economy platform (formerly Antshares) and means fresh and young in Greek. NEO has experienced a massive rise to popularity and many understand NEO for its explosive expansion.

NEO supports several additional code Bases (e.g. C#, VB.Net, F#, Java, Kotlin) while Ethereum has it’s very own proprietary language called Solidity, which requires developers to understand that before any development can occur. This means a longer learning curve and a barrier to entry which could hinder the number of programmers that could input the ecosystem.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

NEO basically has a 100% pre-mine As well as evidence of stake model which allows users to draw additional coins (from the kind of GAS) by holding them in a wallet. NEO “dispersed” coins through a crowdfunding occasion which enabled individuals to invest but, NEO still made money from the purchase. Since there wasn’t any mining and just issuance of tokens that this considerably centralizes the supply.

GAS is a Proof of Stake like incentive generated with every new NEO block. The launch will likely demand 8 GAS per block reduction by 1 per year. This will move until 100 million GAS are created and there will be no further GAS produced.

NEO has a sister company OnChain that’s currently a “made guy” in terms Of the financial services sector. It’s also now working with the Chinese and Japanese authorities along with large corporations such as Alibaba.

NEO is regarded as more of an open-source public Cloud version which will be different from OnChain but also can Interconnect in terms of the cross-chain functionality as we will see More of NeoX.

NEO Cryptocurrency Review – What is NEO?