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NEO Price today is $36.01 - NEO exchanges, NEO Price prediction, market live

Last Updated on April 18, 2021 by

neo NEO (NEO)

$36.01
-1.65% (24H)
Watch
Market CapVolumeAvailable Supply
$2.53 B $171.48 M70.53 M NEO

NEO price today is $36.01, NEO price -1.65% down in 24h, NEO market cap is $2.53 B, NEO exchanges, NEO price prediction, price charts, market live

NEO coin, NEO price live, charts, market, volume

 

Neo is a blockchain platform formerly known as Antshares was developed in 2014. Neo is also termed as Chinese Ethereum because of two reasons.

First NEO is developed in China.

Second like Ethereum, it enables the development of digital assets and smart contracts.

NEO has been created to shift our traditional economy into the new era of the “Smart Economy”.

Neo works on the below-shown structure

Digital assets + Digital Identity + Smart Contracts = Smart Economy

NEO is all about creating the structure where one digital asset is easily transferable, where digital identity is impregnable and where smart contracts make the whole system works smoothly.

The platform uses two different tokens termed as NEO and the GAS. Both tokens have their own uses and both are 100M in supply

NEO tokens represent the ownership of the NEO blockchain.

On the other hand, GAS tokens literally give you the right to use the NEO blockchain.

GAS tokens work as a fuel which powers the transactions in an NEO blockchain.

When you hold NEO token in your NEO wallet you will be rewarded with the same number of the GAS token.

Neo has corrected the Ethereum deficiencies via various technological advances and has positioned itself as one of the world's best smart contracts blockchain platforms

The main competitors of the NEO coin are QTUMNEMUBIQ, and Ethereum.

Ethereum is by far the strongest competitors and currently ranked the second most tradeable cryptocurrency at the altcoins market. It has a strong backup of the cryptocurrency community

NEO has few distinct advantages over Ethereum First NEO can process 10000 transactions per sec whereas Ethereum can process 15 per sec.

NEO developers can code smart contract protocols using common programming languages such as Java, C++, and C.

Whereas for Ethereum developers has to learn their own distinct language for the development of smart contracts.

NEO uses it's own developed consensus mechanism termed as Delegated Byzantine Fault Tolerance (dBFT) which is less expensive and "energy-efficient" than the Ethereum consensus mechanism known as "PoW" (proof of work).

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