Neo (NEO) - cryptocurrency review
Neo (NEO) - cryptocurrency review

Neo (NEO)

Rank: #4

Our Review
8
Real-world utility
10
Market Cap
8
Investability
decrptd review 8.7 / 10
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Neo Review

Neo is interesting. It is an open source blockchain based in China. Neo integrates digital assets, digital identity, and smart contracts…

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Neo (NEO) – cryptocurrency review


Neo is interesting. It is an open source blockchain based in China. Neo integrates digital assets, digital identity, and smart contracts – all within a blockchain that is reported to be so secure that quantum computers can’t crack it. Given that anticipate proliferation of smart contracts, this makes the Neo platform a likely contender for developers.

An even better reason for Neo becoming the development platform of choice is because it is (relatively) easy to use – especially compared to Ethereum. This is due mainly to its compatibility with the majority of programming languages currently in use around the world. So the skills developers already have, will be directy usable for development on Neo.

Neo has experienced a turbulant time since its rebrand from Antshares, to Neo. September 2017 was a particularly difficult month given some suspiciously ‘spam-like’ news circulating which suggested that China would block cryptocurrency activities – a potential threat to many including Neo. While not directly atributable, it is notable that the price during this period fell from highs of $50.00 USD to $17.00 in a short space of time. This volatility indicates the effect that government can have on merging cryptocurrency technology and the companies that plan to invest and develop ideas using it.

Despite the volatility, Neo has the potential to be the platform that spawns the next ‘Google’ or ‘Facebook’ – that killer app that will change the way people behave. And it pays a dividend (effectively)! Neo Gas is the ‘fuel’ that powers the Neo blockchain. Developers must pay Gas in order to use the resources of the Neo platform. When you buy Neo coins, you are effectively buying a share in the blockchain. And as a shareholder, you are rewarded with your share of Neo Gas. While the exact % return is likely to vary, in August 2017 the rate of Gas awarded to holders of Neo tokens was 7%.

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