Today I want to discuss another exciting blockchain platform and cryptocurrency called Neo.
I will highlight a few reasons to determine if neo is a good investment. As always I want to put out a disclaimer that I currently don't own any neo cryptocurrency and I am NOT a financial adviser.
I'm simply sharing this information that I have found by doing some research to determine if neo is a good investment for myself and yours.
Now let's get to the brief summary of, What neo is?
Neo formally and shares is China's first ever open source blockchain founded in 2014. Neos mission has been to reinvent the way commerce is done. We believe technology drives progress and together, we can create the future motivated by this. Neo has been created to shift our traditional economy into the new era of the smart economy.
Developers can program smart contracts using multiple programming languages such as C, sharp, Java and go developers can rapidly develop smart contracts based on the neo platform.
Without learning a unique language it has introduced lattice cryptography based signing and an encryption technique to avoid a quantum crisis. By turning an encryption and decryption problem into the shortest vector problem which cannot be solved by current quantum computers.
Neo has two native tokens Neil and Neil gasp.
Neil with a total of 100 million tokens represents the right to manage the network management rights include voting for book keeping. Neo network parameter changes and so on the minimum unit of neo is one and cannot be subdivided gas is the fuel token for the realization of neo network resource control. With a maximum total limit of 100 million in the creation block of the neo network. 100 million Neos are generated gas has not yet been generated. 100 mil gasps corresponding to the hundred million.
Neil will be generated through a DK algorithm in about 22 years time to address holding. Neil gas is generated with each new block.
Next we will discuss some good reasons to determine, If Neil is a good investment, it's known as the etherium of China based on what I have been researching. It seems like a better made model of the current ethereum. Neil puts a lot of effort into developing a completely different eco-system in smart contracts.
Neo is supporting multiple programming languages, which will attract more developments. Since Java is the second most popular programming language with recent crypto exchanges banned in China.
Neo has taken a big hit since the Chinese government is not crypto friendly. This does put into question whether, Neil will grow as fast as ethereum or not?
