What is NEO (NEO)?
NEO is a decentralized, open source blockchain protocol and cryptocurrency which makes people own digital assets and earn dividends from these assets which are like the real world stocks where the companies pay dividends to the owners.
NEO (NEO): History
NEO was launched in 2014. It is the first open source blockchain in China. NEO uses a delegated Byzantine Fault Tolerance (dBFT) consensus mechanism and it also can support up to 10,000 transactions per second. NEO tokens are used to produce GAS tokens which are used as the fuel of the platform, to pay for computation or deployment of smart contracts within the NEO network. The project was founded by Da Hongfe. 100 million NEO is issued and represents the ownership of the chain and also 100 million were created in the Genesis Block and which is distributed according to distribution mechanism as described in its white paper.
How Does NEO (NEO)Work?
The NEO (NEO) is very similar to the concept of Ethereum which is much more than a simple cryptocurrency. NEO is the ecosystem by itself where the people can trade digital assets like Bitcoin or real-world assets freely and directly without any central authority of the third party. It also allows people to convert traditional assets (like Gold) into digital assets. The NEO coins are the currency of network which is usually used to own the share of a blockchain. The coins are also used to earn dividends for owning the blockchain. Instead of Proof of Work (POW) or Proof of Stake (POS), both of which are resource hungry, NEO utilises Dual Byzantine Fault Tolerance (dBFT) algorithm to confirm transactions.
How To Buy NEO (NEO)?
NEO (NEO) Price Prediction 2018
NEO can be a profitable investment option. NEO price equal to 113.706 USD at 2018-02-08. If you buy NEO for 100 dollars today, you will get a total of 0.879 NEO. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-02 is 1230.787 US Dollars. With a 5-year investment, the revenue is expected to be around +982.43%. Your current $100 investment may be up to $1082.43 in 2022. NEO (NEO) price today is $114.37 and have the current supply of 65,000,000 NEO. The market cap value is $7,433,855,000, and the volume is marked as $649,143,000. NEM price prediction, NEO price forecast, NEO price and news, NEO price forecast, NEO price prediction 2018, What is the price of NEO 2018