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  • N3 Explained - a video by Exodus wallet May 16, 2021
    submitted by /u/helperpc [link] [comments]
    /u/helperpc
  • NEO 3 is coming! 💚💪 May 16, 2021
    submitted by /u/New-Award-2863 [link] [comments]
    /u/New-Award-2863
  • Flamingo May 16, 2021
    Very basic question. Is there a flamingo app? submitted by /u/marco_altieri [link] [comments]
    /u/marco_altieri
  • I think Neo is a long term play May 16, 2021
    I always believed in NEO and still do. But they are not marketing and trying to capitalize off this bullrun. there is nothing wrong with this. they are focused on a working product rather than hype. And I can respect that So I adjusted my investment strategy. I set a Monthly DCA and placed NEO […]
    /u/meshflesh40
  • follow news, tweets, and videos about NEO on coinfeeds May 16, 2021
    submitted by /u/coinfeeds-bot [link] [comments]
    /u/coinfeeds-bot
  • Is this statistics true? May 15, 2021
    https://bitcoinera.app/arewedecentralizedyet/ It looks terrible for NEO. How can we talk about decentralisation if 70% is owned by a few accounts and the whole blockchain is controlled by a single entity. That's worse than a banking system. By the way, it's not only NEO. They are practically all bad. BTC included. I hope that these statistics […]
    /u/marco_altieri
  • O3 wallet "-505" error May 15, 2021
    first time trying to send GAS from my O3 wallet and i get a "-505" error. what does it mean? submitted by /u/bender6999 [link] [comments]
    /u/bender6999
  • Neon Wallet android May 15, 2021
    Was there ever update of this wallet? Cant claim Gas on the wallet (clicking on claim says claiming only to reset after few hours, with gas remaining unclaimed). Managed to send my NEO to other wallet, but cant send GAS from it. Not sure how can i recover keys from secret phrase either. submitted by […]
    /u/flyingjersey
  • VOTE for NEO. Thanks May 15, 2021
    submitted by /u/emigrante92 [link] [comments]
    /u/emigrante92
  • Finally a very important poll with a lot of reach, where we need to support NEO. So far, we are very behind! May 14, 2021
    submitted by /u/NEOKnightOne [link] [comments]
    /u/NEOKnightOne

What Is Neo ?

NEO is an open source, peer-to-peer and decentralized network that enables instant payment anywhere around the globe.It has one of the best technologically advanced cryptocurrencies in the world. NEO built a platform in which smart contract and other applications could be executed. They are still improving on their blockchain to ensure all decentralized applications can use their platform.
NEO is collaborating with Chinese and Japanese governments in implementing some of their infrastructures/policies using NEO technologies. NEO is also partnering with large organizations in China an example of such organization is Alibaba. NEO also has a sister company called “one chain” which is into blockchain creation.
NEO produces GAS to users who want to user NEO network for their services. The more services you render, the more GAS in demand.

Cryptocurrency technology is becoming interesting on each passing day based on the fact that new cryptocurrencies are springing up and leveraging on existing platforms and correcting the mistakes of the cryptocurrency progenitors. A new one was launched in China in 2016, and the team told who cares to listen that, what Ethereum achieved is a child’s play of what they have set out to achieve. No wonder it is called “Ethereum Killer, ” and it’s officially called NEO.

 

NEO Team

Da Hongfei founds NEO, and his co-founder is Zhang Zhengwen. The General Secretary is Tao Rongqi and Zhao Cheng oversees community operations. We have another group of developers that constitute the team.

 

Practical Uses of NEO

  • NEO converts traditional assets to digital assets using smart contract.
  • NEO uses blockchain to create digital identity information for companies, entities, and individuals.
  • NEO allows developers to use its’ platform for developing decentralized applications.
  • NEO shares are being used for voting for the future use of blockchain.
  • It keeps gas generated by new blocks for users of blockchain services.
  • NEO generates e-contracts that can be used for crowdfunding.

Mining of NEO

Most of the NEO tokens are pre-mined, but that doesn’t stop anyone from mining NEO. NEO has provided an excellent platform to mine its’ tokens. All you need is hardware that meets the requirements for mining and technical expertise to mine because you are going to mine in a blockchain built with advanced technology. The reward is paid to your wallet, the moment you solve any computational problem and block is added to the blockchain.

NEO uses these specifications to mine, they are:

Proof-Of-Work (POW) + Proof-Of-Stake (POS): These two mining algorithms can be implemented in NEO blockchain.

Script Algorithm: For the fact that, NEO is built on advanced technology, it is expected to have faster transactions and addition of blocks to the blockchain. Script algorithms help to achieve this functionality.

100 seconds block time: Block delivery time is 100 seconds which is less than two minutes.

Energy-efficient cryptocurrency: Using PoS to mine give a high energy efficiency.

Average’ difficulty/reward adjustment: Reward can be adjusted to accommodate some changes that occur during mining.

 

 

 

Notes for Investors

Since the CEO of NEO announced their collaboration with Chinese and Japanese Governments early August 2017, their market capitalization has risen 300%.NEO recorded all-time high of $52 per token.

For this trading month, NEO has been among the top five with the highest volume increase, and there is every tendency that, it might go higher in the coming month based on its’ penetration to the Asian market.

I foresee a future in NEO because various Governments will not like to partner with unserious cryptocurrency network. NEO is worth investing.

 

MUST READ!

You need to note that, cryptocurrency investment is speculative and unpredictable, and it involves risks. The market is full of uncertainty, susceptible to attack and capital loss. There are many parameters one needs to check before investing. Don’t invest only based on what you have read here, but invest based on the fact that, you have sought advice.
I wish you success!