Introduction to Neo Digital Currency

Introduction to Neo Digital Currency

NEO is a blockchain and cryptocurrency platform designed to digitize assets using smart contracts, with the goal of extending the introduction of blockchain application. It supports popular programming languages ​​such as Javascript and C ++ with its advanced technology and makes it more vulnerable to hackers than Ethereum blockchain. NEO’s goal is to become number one blockchain project by 2020. In this article, we will introduce the Neo Digital cryptocurrency.

The NEO coin was launched and introduced as Antshares in June 2017 by a person named Hongfei. NEO has an active development team with in-house developers responsible for developing the operating system and a strong community of third party developers who can develop decentralized applications (DApps).

NEO technology

Understanding NEO digital currency is the first step in understanding NEO technology, a unique blockchain algorithm that supports decentralized trading, identifying and digitizing assets. It integrates blockchain technology with digital identity, creating ways for physical assets such as money or corporate equity to be exchanged peer to peer through the NEO network. NEO aims to create a platform that allows other decentralized applications to allow its users to execute smart contracts on blockchain, thereby expanding blockchain technology.

A smart contract is an automated contract in which the terms of the agreement are written directly into the code, making it necessary without the need for a third party. While smart contracts in ethereum can only be written in a language called Solid, NEO contracts can be written in common programming languages ​​such as C ++, Javascript, Python, etc., making it automatically accessible to the masses. Instead of the usual proof-of-work technology, Neo’s digital currency uses a Delegated Byzantine Fault Tolerance (DBFT) mechanism, which offers lower power costs and eliminates the possibility of chain splitting. This also makes it easier for NEO to achieve its goal of digitizing physical financial assets.

NEO technology

What are the benefits of Neo?

In this section on getting acquainted with Neo Digital Currency we will say what are the benefits of Neo? These advantages include:

1- Digital assets: This feature converts traditional assets into decentralized digital assets using smart contracts.

  1. Digital Identity: NEO enables the creation of electronic identity information for individuals, businesses and individuals to be accessed through multi-factor authentication systems including voice recognition, fingerprinting, SMS and face recognition.
  2. Smart Contracts: The NEO Smart Contract System is revolutionary because it supports the common programming languages ​​known to 80% of developers, so learning a new language is not required to use these.
  3. DApps Program Development: With the continued development of more advanced tools and techniques, it will support decentralized applications such as smart funds.

Neo Digital Currency Purchase and Maintenance

In this section on getting acquainted with Neo Digital Currency, we discuss the purchase and maintenance of Neo Digital Currency. How to buy Neo digital currency using Fiat currencies is not widely supported, but you can exchange it with other encoded currencies such as BTC, LTC or ETH. NEO is currently registered in over 40 exchanges worldwide and you can trade with BTC, USDT, ETH and rarely even Fiat currencies such as Euro or Indian Rupee. The top exchanges that offer this service include Bittrex, Bitfinex, Cryptopia.

Perhaps the best way to buy Neo digital currency is to buy it through CoinSwitch, which brings you several exchanges to offer the best deal rate. CoinSwitch actively helps you make the right decisions at the right time by offering different NEO trading prices and supports over 140 Quinn and 45,000 encoder pairs. You can trade any pair you want with Kevin NEO and CoinSwitch will facilitate the comparison process for you.

There is a NEO wallet for Android, Windows, Mac, Linux desktop as well as online. In the last quarter of 2017, the Ledger Nano S hardware wallet also launched support for NEO, making it the safest option for users. NEON is also a desktop wallet for NEO, supporting GAS coins. Other desktop wallets are the NEO GUI and the NEO CLI. Of all these, NEON is preferred because it supports GAS, which is usually used to pay for it.

Conclusion

In this article, we are introduced to the topic of Neo Digital Currency exchange and we examined its features. Neo Digital Ozone cannot be extracted unlike its counterparts, so NEO extraction is not possible. NEO 100 million was initially generated and the same amount will exist by the end of the business. The circulation supply is currently 65 million tokens, which is 65% of the total tokens available. As of June 2018, NEO digital currency market size is approximately $ 1.3 billion. The price of each NEO is from $ 0.18 in September 2016 to its current value of $ 11.65.

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