THE CRYPTO N’ YOU SERIES 2 – NEO ,CHINA'S BATTLE AXE

Hello crypto traders,welcome back to our ongoing in depth exposition on the cryptoeconomy – SERIES 2.We are witnessing so much competition in the crypto ecosystem especially on the ethereum trading platforms,emerging coins - EOS,NEO are without doubt proving a hard nut to crack when it comes to the current sophisticated revolution going on in the sector.NEO coin is our point of discuss in this series.

NEO – THE GENESIS

NEO , is a greek word for newness,or youthfulness.NEO is built with C# and .NET Core, and NeoContract is the first in the world to support writing smart contract with C#. Formerly Antshares- a smart contract and decentralized application (dApp) platform, the strengths of its advanced smart contract code, which will support decentralized commerce, digital identities and the digitization of many different assets. many cropto pundits have labeled it the Chinese Ethereum. NEO development began in 2014 with its enterprise version modeled by onchain technology,offering a plethora of languages (Ethereum’s defficiency)

FOUNDERS-BRAINCHILD

Da Hongfei, co-founder of NEO and Erik Zhang, Core Developer of NEO have both elaborated on the future of blockchain technology, where every asset will be digitized and programmable with smart contracts Erik Zhang is the brainchild behind the evolution of Smart Contracts 2.0, and One big contrast of these competing platforms is their programming languages. Ethereum requires developers to learn to program with Solidity. Neo, on the other hand, will support almost all programming languages via a compiler, including those on Microsoft.net, Java, Kotlin, Go and Python, greatly lowering the difficulty for developers to write smart contracts

PATNERSHIP/SYNERGY

NEO’s partners include crowdfunding platform WINGS and multinational technology corporation Microsoft. NEO’s collaboration with Wings is for research and development purposes. With Ali Cloud and ONCHAIN, It’s also partnering with numerous blockchain projects, like Bancor, Agrello, Coindash and Binance.NEO has also formerly worked with Alibaba

PRICE HISTORY

NEO with a current price of $37-ranks 9th on the coin market with market capitalization of $1,850,225,000,and a circulation supply of $50,000,000.(courtesy coinmarketcap.com). The 1-month chart makes you hurt even more…sitting at just $5.29 per token. 3-month chart is even worse where each token was sitting at just $0.46 each

Neo’s mercurial rise has been somewhat impressive , The token started trading at a price of 55 cents before settling between approximately 10 cents and 30 cents and was bearish until the end of October 2016 at 8 cents.Henceforth prices swiftly moved to 31 cents,drifted southwards again till march 2017.
Token price skyrocketed particularly from June 19-20, 2017. The platform increased from $1.65 on June 15 to $10.

VANTAGE FEATURES

NEO smart contracts modeled and built on NEO’s Virtual Machine, a similar feature to Ethereum’s Virtual Machine.Its smart contract also operates on a diversify smart economy platform aka smart contract 2.0

SCALABILITY

Ethereum is yet to effect changes to better scale its smart contract and decentralized Application platform
NEO’s infusion of sharding and concurrency in its computer science model solves scalability problems,a major problem still evident on Ethereum

SECURITY,NO FORK ISSUES

NEO’s blockchain operation of delegated byzantine fault tolerance offers better security features. It provides swift transaction verification times, de-incentivises most attack vectors and upholds a single blockchain version with no risk of forks or alternative blockchain records emerging – regardless of how much computing power, or coins an attacker possesses.”

NEST SMART FUND

Another super doper blockchain-based service. product offered by NEO. Nest is a whole new form of smart fund,using smart contract technology wired as a decentralized autonomous organization to become a decentralized venture capital fund based on Ethereum’s smart contract code.

Nest aims to, with the power of blockchain, eliminate and neutralize problems like high threshold, high risk, low efficiency and moral risks. Participants invest, manage and exit with smart contracts instead of application to certain organizations. Antshares’ Blockchain enables everyone to join the Nest, with a 0 threshold and 100% transparency, with a safe and free exit option at any given time.”

NEO'S OTHER PRODUCTS

NEO’s other laudable projects includes blockchain-based browsers, a web-based crypto-asset wallet, as well as an online crowd funding fund

Further Resource

https://neo.org/en-us/ICO

https://github.com/neo-project

Your contributions,comments and suggestions are welcome.If you missed the SERIES 1 Edition here is the link –

https://steemit.com/cryptocurrency/@detycoon/the-crypto-n-you-series-1-eos-an-x-ray

To Your Trading Success …………… detycoon