NEO is a blockchain platform that was created in China in 2014 under the name AntShares. Later, the project was renamed NEO, and it became known as "Chinese Ethereum" because of its similarity to Ethereum. NEO was the first cryptocurrency to be launched in China and was the first Chinese cryptocurrency to be added to the largest cryptocurrency exchanges.NEO is being developed using the technology of "smart contracts" and "digital assets".
It allows you to create decentralized applications that can be used in various industries such as finance, healthcare, government and more.One of the features of NEO is its Delegated Byzantine Fault Tolerance (dBFT) consensus mechanism, which guarantees the security and efficiency of transactions.
This mechanism provides high transaction processing speed (up to 1,000 transactions per second) and minimal fees.In addition, unlike many other cryptocurrencies, NEO is not divided into smaller units.
It offers its own token - GAS, which is used to pay transaction fees and to receive dividends by owners of NEO tokens. It also supports the creation of digital assets on its platform and provides various tools for managing them.In 2019, NEO launched a new version of its blockchain platform called NEO3.
This update allowed to increase network bandwidth, improve security and simplify the development of dApps.NEO has a number of partnerships and collaborations with major Chinese companies, including Alibaba, Microsoft and others.
This confirms the growing interest in blockchain technologies in China and the world as a whole.Despite the fact that NEO is often referred to as "Chinese Ethereum", it has several distinctive features, including faster transaction processing speed and lower fees.
This makes NEO very attractive to developers who are looking for a platform to create decentralized applications.
