Neo (NEO)

What is Neo Cryptocurrency? Neo is a decentralized, open source cryptocurrency platform founded in 2014 and is part of the open source global blockchain movement. It is comparable to Ethereum, Bitcoin and other digital currencies, but with the added benefit of being based on an improved technology called blockchain 2.0 innovation. Using a more advanced version of blockchain technology, Neo is making decentralized applications more accessible to the masses. Following the Chinese name for "newness", Neo was created by Da Hongfei and Erik Zhang. They have also created a partner organization called Onchain, which is meant to help businesses secure their data and assets using blockchain technology. Who Founded NEO Cryptocurrency? Neo was founded by Da Hongfei and Erik Zhang in 2014. These two entrepreneurs have extensive experience in blockchain technology, having previously been involved in the creation of Antshares, the predecessor to Neo. They are also active in the global blockchain community, having founded the startup Onchain and the consulting company Blockchain Foundry. What Makes NEO Unique? Unlike other cryptocurrencies, which are either based on Bitcoin technology (1.0) or Ethereum technology (2.0), Neo combines both technologies. This way, NEO is able to provide a more advanced version of blockchain technology that is able to handle transactions more efficiently and faster. NEO is also extremely efficient when it comes to verifying transactions, making it one of the most reliable cryptocurrencies. Where is NEO Used? NEO is primarily used as a cryptocurrency, but it has also found its way into other applications. For instance, some believe that Neo is the perfect platform for decentralized applications (dApps) due to its sophisticated technology. There are also plans to use Neo to create smart contracts, making it even more useful. Where to Buy/Sell NEO? NEO can be bought/sold on a variety of online exchanges, including Binance and Huobi. It can also be stored in several different wallets, including NeoTracker, Neon Wallet, and O3. Comments: Nice article! I was always confused by the differences between NEO and Ethereum and appreciate the way that you explained it! Great article about NEO! It clearly lays out what NEO is, who created it and why it is different from other cryptocurrencies. It is also great that you detailed where to buy/sell NEO and what wallets it can be stored in.