NEO or best known as the “Chinese Ethereum”, is a coin that provides a native Chinese platform for tokens and decentralized applications which is very similar to Ethereum but also one with many notable differences.
In other words, NEO exists in order to bring the blockchain technology to Chinese developers, financial institutions, businesses as well as the government. The tokens and decentralized applications (dApps) can basically do everything that the Ethereum network is capable of doing. Speaking of which, NEO’s decentralized apps can also be programmed in several languages.
NEO is called the second generation blockchain platform and has gathered a lot of attention in the past few years. It was also called the Chinese Ethereum. It is also known for its features known as ‘’Antshares’’. It was launched in 2016 and as a project; they focused on digital assets but couldn’t really be seen on the market. After the announcement that they were working with the Chinese government, they renamed their project to NEO and it rapidly caught the eye of the public.
The crypto project supports a few different programming languages such as JAVA, C#, and Python. They also work on accepting C, C++, and Javascript in the following months. This altcoin is a very developer- friendly platform. Another really important thing about it is that NEO uses a different consensus mechanism named Delegated Byzantine Fault Tolerance. This mechanism prevents the system from creating forks. Since its launch, the crypto asset hasn’t disappointed and it has risen in the top 10 most valuable currencies after being just two years on the market. Smart contracts are the future of blockchains and NEO is the next generation of smart contracts.
This altcoin was named as the best cryptocurrency several times and the technology behind it proves that’s correct!
