What is NEO

With too much hype on cryptocurrencies, it is common to hear enthusiasts ask what NEO is. It is the equivalent of Ethereum in the Chines crypto-space. It recently branded from Antshares. It uses the Ethereum smart contracts model but with unique blockchain configuration. It is an improvement from Ethereum and also decentralized. You can use NEO platform to digitalize select assets.

For a short period, NEO has been able to close Ethereum gaps that made it vulnerable to hacks and other threats. NEO seeks to improve on the Ethereum model and does not compete with it. NEO supports and economy that is decentralized.

By looking at the market trends,It has grown in both value and market cap. It is now among the top five high volume cryptocurrencies. It is now in the league of Bitcoin, Bitcoin Cash, Ripple and Litecoin among other promising digital coins.

NEO embraces professionalism; it interacts with its users. They keep updating their platform to benefit the user. They develop applications that help the user solve real life problems. Their solutions are tailor made to fit user needs.

NEO has used the segregated witness (SegWit) concept to make mining more viable. This is in contrast with Bitcoin. Their block size is more useful in transactions making the blockchain fast and this has boosted their price and value.
With increased global fiat troubles and debts, more investors are turning to NEO. There is a feeling that the platform offers a safe haven for their currency and digital assets as well. This has made the coin as one of the most heavily invested. This makes it scarce and the value grows.

When it comes to valuation, NEO takes its refuge in the Far East while Ethereum current mainstay is the West. This means that NEO has a larger market and can comfortably compete with Ether. However, the two markets differ in investor resources to convert their wealth to cryptocurrency.

NEO is social media friendly and responds positively to news concerning its progress. A single Tweet that was done by NEO in August can attest to their popularity in the social media circles. The tweet was on the intended partnership with Chinese banks. However the tweet was rescinded but created good interest to push NEO from $8 to above $11 and that what NEO is all about.