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NEO (NEO): An Open Community for Good Financial system
NEO QUICK STATS
| TYPE: | Platform |
| CREATION DATE: | February, 2014 |
| DEVELOPMENT STAGE: | Full Launch |
| CURRENT SUPPLY: | 65,000,000 |
| TOTAL SUPPLY: | 100,000,000 |
| ALGORITHM: | SHA256 / RIPEMD-160 |
| PROOF TYPE: | PoS |
| BLOCK TARGET: | 15-20 seconds |
The 9th largest cryptocurrency, with a complete market capitalization of over 3 billion USD, NEO payment processing is on the market via CoinPayments.
Since NEO rebranded from Antshares (ANT) in 2017, it has shortly gained momentum as China’s main good contracts platform. A forex inevitably in comparison with the Ethereum blockchain for his or her similarities, Neo and Ethereum are each open supply, Turing full platforms particularly designed to host good contracts, preliminary coin choices (ICOs) and dApps, respectively fueled by crypto property.
NEO contracts assist a number of coding languages akin to C#, Java and Go, making it a simple course of for builders to code good contracts and dApps.
On the NEO blockchain, customers are capable of register, commerce and flow into digital property.
NEO contains two native tokens, NEO and GAS. Each capped at 100 million tokens, NEO tokens signify the shares held within the NEO ecosystem in addition to rights to dividends within the type of GAS – a proof of stake like incentive generated with every new NEO block, designed for use as a type of cost and disbursed to Neo’s shareholders. GAS powers the Neo ecosystem and fuels good contracts and tokens constructed on the NEO blockchain.
NEO was developed by OnChain, a extremely respected Chinese language fintech firm that designs and creates blockchain options for companies, and who has not too long ago labored alongside excessive profile tech companies akin to Alibaba and Microsoft China.
Whereas China’s infamous tentative ban on home cryptocurrency commerce has had a devastating impact on the crypto market, it has additionally been an avid supporter of blockchain agreeing that property, funds and digital identities, to call just a few, may gain advantage from a P2P expertise. NEO has continued to increase shortly changing into essentially the most interesting and profitable Chinese language blockchain undertaking to this point, and though not formally endorsed by the Chinese language authorities, NEO builders have been invited as VIP audio system to authorities sponsored blockchain occasions.
Certainly NEO has a protracted highway forward, however China has a specific affinity to native firms who’re keen to abide by its strict guidelines, positioning OnChain and NEO because the entrance runners for China’s first totally regulated cryptocurrency.
FURTHER INFORMATION ABOUT NEO
Neo Website | Neo Block Explorer | Neo on BitcoinTalk
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