The oldest crypto currency, bitcoin, every day there are more and more high-tech competitors in the crypto-currency area. One of them can be attributed to the Chinese analogue of the Efirium - crypto currency NEO.
History of occurrence
In the already distant 2014, a company from Shanghai, named OnChain, led by director Da Hongfei, successfully launched a start-up project that was based on blocking technologies, and named it AntShares.
The block system, developed by this Chinese company, is also referred to as DNA (deciphering this abbreviation as Decentralizd Network Architecture). The project team names the main vector of its development work in the sphere of interests of large Chinese business, and, in addition, with the government of the PRC. Directly the self-designed NEO block performs the role of the base for the entire DNA system.
The objectives of this company have set quite ambitious - the transformation of the existing financial system. And this is done thanks to the transfer of all sectors of both the real and virtual economies to work in their brothel environment. To develop this project, the company enlisted the support of the already existing blocking start-up Wings, in addition, OnChain has partnered with such giants as Microsoft and Alibaba.
And in August 2017 for the block-platform AntShares underwent a global rebranding. The concept of the platform, the road map of the project was revised. Also, all the infrastructure of this crypto currency was radically updated, and the name was changed. So the present coin NEO appeared.
General characteristics
The NEO platform is built on the same principle as the well-known Ethereum, that is, it is the environment for the work of the so-called. smart contracts, the functioning of directly crypto-currencies. It also represents the opportunities for third-party developers of applications and technologies to work on this platform. Therefore, for such similarity, NEO, often, is also called the Chinese Ethereum.
The similarity of NEO with Ethereum is also in the fact that in order to carry out transactions on this block, payment is required in the form of so-called. gas. GAS is the internal currency of this platform, which is used to pay for transactions. Directly itself NEO crypto currency is not minced, since all the coins have already been generated, this is 100 million pieces.
Only the internal GAS currency is lowered, thanks to the support of PoS. Now about 2 thousand NEO coins for a day of storage on a purse will bring about the order of one GAS coin.
Advantages and disadvantages
Pros:
the desire of the project developers to combine their product with strict state regulation in the Chinese market;
Initially, all developments were carried out taking into account the future prospects for the development of the cryptography industry;
support for the development of this platform, such a reputable company as the Chinese OnChain, is an impressive potential for scaling blockade NEO in the business environment;
speed advantage - ten thousand transactions per second, against the indicator of 30 block of transactions on the air;
the existence on this platform of two fully functional tokens (these are the above NEO and GAS) - can be called a significant practical advantage when operating with the PoS consensus algorithm;
there are no significant risks for uncontrolled forks in this blockhouse;
potential stability, at the level of mathematical algorithms, blocking against attacks carried out with the help of quantum DU.
Minuses:
complete absence, inherent in many crypto-currencies, anonymity. Although such a parameter is an inevitable evil, for comfortable work under extremely strict state regulation, characterizing China;
less degree of decentralization, if, for example, draw a parallel with the etherium and its blockbuster;
problems that have not yet been resolved, with a ban on holding an ICO in the PRC.
Where to buy and store
NEO is already traded on many different crypto-exchange exchanges, including such large ones as Bitfinex or Bittrex. A complete list of exchange sites that support this crypto currency exchange is available at various monitoring services, such as coinmarketcap. Therefore, to acquire this crypto currency both for the currency and for other crypto assets, is not now any complexity.
You can store purchased coins in different purses designed for this purpose. On the stock exchanges, it is not recommended to store this crypto currency, like all others, first, for security reasons, and secondly, it will not be possible to receive GAS for storing coins.
There are several main purses for storage now. There is an online version (browser) of the crypto community. It is located at Although about this version of the wallet there are some censures regarding the bugs that have not been fixed so far.
There is also an official purse, from the developers of this platform. You can download it at neo.org. On the site of this crypto currency there is a choice of versions of wallets - mobile, desktop and browser.
Desktop wallets are divided into three types:
NEON - version of the purse from third-party developers, but tested and recommended by the project team.
NEO-CLI - console version of the wallet.
NEO-GUI - the version with the graphic interface.
Outcomes
Crypto-currencies, of course, are quite difficult to forecast, but this coin can be called quite promising for long-term investment. Thanks to the versatility of the platform, the active development and prospects of the technologies laid in its foundation.