What Is Neo?

These days just about anyone can create their own cryptocurrency. The real challenge lies in making one that people would value. Today, we’ll be talking about the Chinese Ethereum aka Neo. What’s up cryptopeeps? It’s your girl Ysa here to deliver your daily dose of Bitcoin news. Let’s start with the basics. Neo was founded in China back in 2014 by Da Hongfei and Erik Zhang. It was first known as AntShares and later on changed into Neo in June 2017. Apart from Neo cryptocurrency, it also has a crypto token called Gas which is used to pay the transaction fees to utilize the Neo network. Neo is a blockchain-based platform that supports its own cryptocurrency and enables the development of digital assets and smart contracts. Just so you know, smart contracts are computer protocols that digitally facilitates and enforces the performance of the contract without the need of third parties. These transactions are trackable and irreversible. So what sets Neo apart from other cryptocurrencies? Well, Neo allows the exchange of various types of assets by providing a platform that allows you to link the physical assets with an equivalent and unique digital assets on its network. Neo also supports the protection of assets. As assets registered on its network go to a validated digital identity protected by law. And that’s what makes it so unique! Neo is known for being regulatory compliant compared to other blockchain platforms. Because of this, people have the option to transact among themselves only if the other party has the required digital identity. What makes Neo different from Ethereum is that it supports way more code bases. Ethereum on the other hand is a bit more complicated because it requires developers to learn its own proprietary language called Solidity before any development can take place. Another difference it that Neo built its own consensus mechanism called dBFT. Ethereum’s version is called Proof of Work. Neo can also process transactions way more quicker than Ethereum. Ethereum can only do 15 transactions per second, while Neo can do ten thousand transactions per second. Talk about quick! Neo has also coordinated with Microsoft and by partnering with a major software giant, Neo has nowhere else to go but up! So what’s next for Neo? Despite a lot of competition and the lack of the clear roadmap, Neo remains to have a strong base and the great potential to further develop in the future. So, let’s see what happens. Are you as excited as we are to see where Neo will take us in the future? What kind of videos would you guys want to see next? Let us know in the comment section down below? Also, hit like, subscribe and the bell button to get notified whenever you post a new video on our channel. Don’t forget to check out our website wethecryptos.net and lastly follow us on our social media pages on Twitter, Instagram and Facebook. Once more, I’m Ysa, and this is WeTheCryptos.

71 thoughts on “What Is Neo?”

  1. Excellent video, with tremendous informative content, effective and genuine. Totally useful and of great value! thank you for sharing it. You are great. Good job!

  2. What an interesting video, I really did not know anything about NEO, I really like this kind of informative things, keep it that way.

  3. I did not know than Neo (Chinese Etherium) was founded in 2014 as blockchain based platform network. Most relevan for me, is Regulatory compliant compared to other blockchain platforms. Is very powerful because can do 10.000 transactions per second. Also, is coordinated with Microsoft, wich bring a great potential.

  4. As my knowledge NEO is a smart economy platform and means new and young in Greek and in this video neo is well explained
    with precise plus detail.

  5. Excellent and clear explanations. You have clarified me several doubts about this cryptocurrency. Thanks for your help!

  6. i never heard of neo before, thanks for explaning it so clearly, i wonder if it will grows in popularity to become one of the most important cryptocurrencies.

  7. Absolutely a promising review on neo coin.Greatly helpful information and I understand nicely.Well explained and thanks.

  8. I love this channel because the truth is that all its videos are extremely detailed and easy to understand even for the most novice or with little knowledge. Thank you very much friend continues like this

  9. Useful information given about Neo. It is really good to know that Neo can do 10000 transactions per second. Thanks for sharing.

  10. Thanks a lot for sharing a detailed video about neo. I really appreciate the way of presenting the topic. We can easily understood the content Thank you. Great info.

  11. Very useful and elaborately explained video on What is neo. After watching I can learned lot of this. Thanks for your great support in the field of cryptocurrency business.

  12. Another excellent video from WeTheCryptos. I got many information from this detailed video regarding What is neo. You covered all the ways. Thank you.

  13. Appreciated your efforts on making this video review of NEO. You really explained very well and in very details about NEO & it's pros and limitation.
    This information helps lots of people who are interested in it. Thank you for making such a useful and informative video & sharing it with us.

  14. Just wonderful, thank you for sharing your thoughts and your experience regarding about Neo. Perfect tips you shared in the video!

  15. I've been looking to invest in a new cryptocurrency, I hadn't heard of Neo before but it sounds very promising. I think I'll buy some and see how it goes. Thanks for letting me know about it, I learn so many new things about crypto from your channel.

  16. Good tutorial, simple and understanable as usual. Thanks for your work and the information you provide to those who have less knowledge.

  17. I must say that I'm fascinated about all the cryptocurrency stuff that have been going around for the last few years right now.
    Chinese people in my opinion will lead it in the near future.Neo is just one of crypto values that made it to the top.

  18. As far as i know, NEO, It is a blockchain-based platform that supports its own cryptocurrency and enables development of digital assets and smart contracts. Neo aims to automate the management of digital assets through the use of smart contracts, with an eventual aim of building a distributed network-based smart economy system.

  19. Useful video about NEO. Issa covers the basics of this popular cryptocurrency as well as explain its background. Hope you make more videos like this.

  20. What a quite interesting video I've found! Your channel is so cool, guys! You always cover the hottest terms and trends in the industry! Thanks for sharing this with us. I'll be looking forward to watch your next videos!

  21. Very informative and useful video about neo..neo is one of the best cryptocurrency with it's genuine use case in real world…Thanks for sharing this helpful content.

  22. I always find lot of information from their website when it comes to cryptocurrencies. Your information on NEO is really informative. Please do a video on EOS

  23. We are always learning with your excellent videos Ysa, this neo will be something that promises many good things in this world of cryptocurrency, your information about neo helps me to understand and know more about it and how to apply it. Thanks for sharing this video.

  24. That was really quick, informative and GREAT videos from my favorites, WeTheCryptos, you NEVER disappoint!! You covered all the possible ways, I just love this video, keep the great content coming!! 😀

  25. Thank you very much, very well explained.

    I will follow the channel closely and I hope you give us more videos like this one.

  26. NEO is a blockchain platform and cryptocurrency designed to build a scalable network of decentralized applications. The base asset of the NEO blockchain is the non divisible NEO token which generates GAS tokens that can be used to pay the transaction fees to utilize the NEO network.

  27. Impressive!! Very useful review on neo cryptocurrency. Although, It has own block-chain platform but contains amazing features that make it unique comparing to other block-chain based crypto currencies. Very fast transaction processing and excellent future potentials. Stay tuned for more.

  28. 10,000 Transaction per second this is something really makes NEO the best, this had got some of good features which is something to use this Crypto Currency anyways presented well thank you for sharing!!!!

  29. I think that Neo is a great cryptocurrency for the mining and that in the next few weeks its value may increase. My friend who professionally dealing with cryptocurrency says that Neo has great potential. By the way, great video!

  30. Thanks a lot WeTheCryptos for this useful video! You gave some informations about what is Neo. Keep doing your great work!

  31. Muy interesante el vídeo, siempre me he interesado por todo lo que tenga que ver con las criptomoneda y realmente Neo me parece estupendo.

  32. Good Explanation about the NEO! Interesting and would definitely analyse deeply to learn further.

  33. good I did not really know it was NEO well explained I wanted to know its compatibility with other cryptocurrencies I would appreciate another more durable video

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