NEO is also called “Chinese Ethereum” or “Ethereum’s killer“ NEO is the first decentralized, open-source cryptocurrency and block chain platform launched in China. NEO has one more crypto-token called GAS (formerly known as ANC-Antcoins). It supports most advanced programming languages like C#, Java and Python. The NEO token is the investment token of the NEO blockchain. It’s hard cap is 100 million tokens which is used in block creation, network management, network changes. One unique thing is that NEO is unlike other cryptocurrencies, it is non- divisible.
Neo was launched by the team of Co-Founder Da Hongfei, Core developer – Zhang Zhengwen and Secretary General – Tao Rongqi and other community developers, operators and contributors.
Features that distinguish it from other cryptocurrencies. The Neo protocol is not just about sending money from A to B. It has many features
NEO supports faster development and deployment of smart contracts and projects, as it enables developers to build on programming languages already familiar with them.
In addition, compared to Ethereum’s 15 transactions per second, NEO supports up to 10,000 transactions per second, which is very energy-efficient compared with Ethereum.
In contrast, NEO uses a delegated Byzantine Fault Tolerance (dBFT) consensus mechanism, which ensures finality of transactions and which supports more transactions at any given time.
It provides users with top level of protection against most common frauds like chargebacks or unwanted charges. Because of the Security Users can encrypt their wallet and have complete control over their money. So there is no chance of any type of Fraud.
NEO, made huge gains. Because of this different features NEO pushed into the Top 5 Cryptocurrencies. With NEO’s full smart contract system its very easy to expect that it is going to attract more business-to-business opportunities.Its lowering the barriers of adoption among international developers. NEO’s willingness to operate within existing government control, It is providing freedom and self-rule this thing make it a very attractive investment.
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