- Category: Smart Contract Platform
- Coin Launched: June, 2014
- Resources: White Paper
- Official Website: Neo
- Reddit: Neo
NEO History / Information / Buying / Staking
The purpose of NEO is to register, trade, and circulate multiple types of assets on its NEO blockchain. Designed by developers Da Hongfei and Erik Zhang, NEO aims to be an open network for the smart economy, by allowing users to store and exchange digital assets. Originally known as Antshares, the project was rechristened NEO in 2017, two years after the code was first introduced.
HOW NEO WORKS
NEO aims to automate the management of digital assets through the use of smart contracts, with the eventual aim of building a distributed network-based smart economy system.
BENEFITS OF USING NEO
Some of the benefits of using AAVE are:
Backed by the Chinese government as well as massive companies like Alibaba. Whilst this may compromise its perceived sovereignty, it has actually served to make it extremely popular in China, as the support of the government has had a legitimising effect.
Creating a smart contract does not require the developer to learn a new coding language. It is compatible with most programming languages. This makes the NEO network more desirable for developers and thus increases its potential for adoption and growth.
It can handle over 10,000 transactions per second compared to one of its rivals, Ethereum, which can only handle around 15. This makes it incredibly competitive in terms of speed against its rival coins.
Major benefits. By digitising traditional assets, one can give them all of the perks and security of a typical digital asset, due to being on the blockchain.
CAN YOU STAKE NEO
Staking NEO means generating GAS. It's easy to stake because holding NEO in your own wallet is the only requirement. We recommend using Ledger Nano S or Neon Wallet to generate gas tokens.
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