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The NEO project launched in 2014 by Da Hingfei and Erik Zhang in Shanghai, which was initially known as AntShares, aims to become a global smart economy: the decentralized platform is used to manage digital assets and smart contracts. The underlying idea behind this is that private users who have verified their identity in advance either by SMS or by fingerprint can use the blockchain almost free of charge, while companies have to pay fees for using the smart contracts. In addition, NEO offers developers the opportunity to implement useful applications for users. A practical application example would be an app that enables the integration of crypto-economic systems into existing technologies. Applications for finance would also be conceivable,Art or gaming.
The similarity to Ethereum cannot be denied, but NEO has many advantages that only stand out at second glance. First of all, the blockchain project differs in the requirements for use: while Ethereum, for example, stands for censorship-resistant trade, NEO also enables legally secure handling. The aim is to port the “real” economy into the virtual world - with all the rights and obligations that economic subjects have. Reason enough for the Chinese government to actively support the project. The network also benefits from an extremely high transaction speed with up to 10,000 transactions per second. For this purpose, the Chinese platform uses the specially developed NEO Token and NEO GAS currencies. For comparison:Ethereum currently allows around 15 transactions per second. Another advantage is the accessible programming options. Here the Chinese network relies on common programming languages such as Java or C-Sharp. An immense advantage for developers, who can thus easily integrate new applications. So there is huge potential dormant here, which has not yet been discovered, but which is already clearly evident in the course!but is already clearly evident in the course!but is already clearly evident in the course!
The similarity to Ethereum cannot be denied, but NEO has many advantages that only stand out at second glance. First of all, the blockchain project differs in the requirements for use: while Ethereum, for example, stands for censorship-resistant trade, NEO also enables legally secure handling. The aim is to port the “real” economy into the virtual world - with all the rights and obligations that economic subjects have. Reason enough for the Chinese government to actively support the project. The network also benefits from an extremely high transaction speed with up to 10,000 transactions per second. For this purpose, the Chinese platform uses the specially developed NEO Token and NEO GAS currencies. For comparison:Ethereum currently allows around 15 transactions per second. Another advantage is the accessible programming options. Here the Chinese network relies on common programming languages such as Java or C-Sharp. An immense advantage for developers, who can thus easily integrate new applications. So there is huge potential dormant here, which has not yet been discovered, but which is already clearly evident in the course!but is already clearly evident in the course!but is already clearly evident in the course!
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