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.