submitted by AVAY11 to u/AVAY11 [link] [comments]
The NEO digital asset platform was previously called Antshares. But in recent times, a complete rebranding has been made. In addition to the name change, the startup updated blockchain nodes and technical documentation, as well as the stock Ticker. In addition, the official website and social media were redesigned. The transition to a new version of the smart contract system, called NEO-2.0, was carried out.
The NEO cryptocurrency has been showing stable and non-stopping growth for a long time. Very quickly, the Chinese creation took seventh place in the top of Coinmarketcap. This, without a doubt, is a serious bid for prospects, given the high competition in the cryptocurrency market. And Ether confidently holds the second line after the famous Bitcoin. So the crypto currency NEO clearly has all the chances to rise much higher than the seventh line.
At the moment, the price fluctuates around $45. The cost for three months has increased 20 times.
The volumes of neo cryptocurrency reserves are clearly defined and limited to 100 million tokens. So far, only half of the available potential — 50 million tokens-is available on the market. So the crypto currency NEO clearly has all the chances to rise much higher than the seventh line.
The project is actively developing. OnChain cooperates with other players in the field of cryptocurrency and blockchain technologies. At the moment, there are connections with blockchain startups Coindash, Bancor, Agrello and others. The Chinese project Red Pulse has announced the creation of a financial research platform based on the NEO-2.0 smart contract system. Also, in cooperation with NEO, there is an intensive development of The Elastos operating system based on blockchain technologies.
THE history of the emergence and development of neo cryptocurrencyhttps://preview.redd.it/2f7c6ryop1v31.png?width=1280&format=png&auto=webp&s=300b03be2a471d857d7d22d5659f2a4ef74c5e8b
The date of origin of the project can be considered 2014. NEO Creator Da Hongfei is a Director of Shanghai-based OnChain. In 2014, onchain, according to Da Hongfei's idea, launches the AntShares blockchain project. On the basis of this platform, a cryptocurrency of the same name was also created.
Yes Junpei put to the company is simple, but a global problem. His goal was to build a fundamentally new system of financial interaction. This system should unite the sectors of the real and virtual economy into a single whole with the help of high-tech contracts. And cryptocurrency from OnChain should become a unit of payment for these contracts.
Soon OnChain enters into a contract for cooperation with the Wings blockchain project, as well as contracts with economic giants Microsoft and Alibaba.
In August 2017 begins the story of NEO already in its current form with the current name. Da Hongfei carried out a complete rebranding and technical modernization of the project. The rebranding was a huge success, and the price of cryptocurrency from OnChain soared 40 times.
But not without problems. On the fourth of September, the Chinese authorities adopt a package of sanctions laws against cryptocurrencies and ICO. It was a heavy blow, which at the time almost 2 times brought down the course of the brainchild of Hongfei. However, soon the NEO cryptocurrency moved away from the blow and began to confidently win back the lost positions. At the moment, OnChain is actively upgrading the product and simultaneously trying to find a compromise with the Chinese authorities for the legalization and quiet operation of its offspring.
Features and principle of operation NEOhttps://preview.redd.it/tj1goppoq1v31.png?width=800&format=png&auto=webp&s=0c39d14754ba9dd99e2c6bfb692f0f7bdd6c1838
From a technical point of view, the Chinese cryptocurrency is very similar to Ethereum. The basis of the platform is the construction of smart contracts and their subsequent payment with tokens. Also an important part of the project is the ability to create new technologies based on the platform, as well as easy integration with other services.
Despite the fact that NEO is often called "Chinese Ether" and the fact that the Ether still occupies a higher position in the ratings, the product from OnChain has advantages that the Ether lacks. NEO is much more practical and functional. This, no doubt, opens up the potential to move the Airwaves in the ratings in the near future.
Let's see in detail how everything works. Transactions within the system are possible when paying a Commission. The Commission is paid in-system currency. That is, for the transaction you have to throw in the system additional "fuel". The developers of OnChain decided to create an additional in-system currency, called GAS, as a fuel (a means of paying commissions).
NEO mining is impossible. There is a final coin value of 100 million. 50 million thrown on the market during the ICO. The second half of the developers keep at home. However, GAS mining is possible. However, it occurs when holding coins in a purse. That is, the more tokens you have, the more GAS coins you can get to pay commissions. Today, 2000 coins in the wallet accumulate 1 coin GAS every twenty-four hours. Such mining is associated with the work of the network on the Proof-Of-Stake algorithm. Coins generate themselves. Without the use of farms of video cards and megawatts of electricity.
Like any cryptocurrency, NEO has advantages and disadvantages.
The benefits of NEO:
Difference between NEO and Bitcoinhttps://preview.redd.it/qm9q0kmft1v31.png?width=1024&format=png&auto=webp&s=81bc03a4521b12f6e517b9ef8f905d8271041355
The main points that distinguish NEO from Bitcoin:
NEO storage walletsOn the official NEO website you can find links to the following wallets.
NEO: buying and sharinghttps://preview.redd.it/5ovlowr3v1v31.png?width=750&format=png&auto=webp&s=ea4c20d0be463cbaaf14846db2355b77975cd296
NEO can be bought and sold on exchanges or exchanged in multi-currency wallets. The most famous exchanges:
Ways to get NEOUnfortunately, at the moment there is no way FOR direct NEO mining in the manner of Bitcoins and Ether.
However, there is a way out. NEO cranes can be used. Cranes are resources where the user receives a cryptocurrency reward for performing certain tasks or participating in lotteries.
There is a high probability that if successful in the legalization negotiations, OneChain will provide additional ways to get their tokens.
As you can see, NEO is a very promising and rapidly developing cryptocurrency. And although the Chinese government has created some difficulties, on the example of Bitcoin, we see how high the rate of the crypto currency can rise if the factors interfering with the development disappear. So, the prospects of NEO are optimistic and you can risk investing in them.
Bitcoin, the original and leading cryptocurrency in market cap, is now the 6 th largest currency overall at its current price level of $11,300.. Bitcoin, the original and leading cryptocurrency in the blockchain space, is now the 6 th largest currency in the entire world when you measure them by overall market capitalization. At the price of $11,300 per Bitcoin, there are only 5 global fiat ... Bitcoin News: Bitcoin Banken in China. Letzte Woche trafen sich Entscheidungsträger der neun größten Bitcoin Exchanges mit Vertretern der PBoC, darunter BtcTrade.com, HaoBTC, Yunbi, Yuanbao.com und BTC100. Zunächst wurde davon ausgegangen, dass dieses Treffen neue Regulierungen zur Eindämmung von Kapitalflucht und Schwarzgeldtransaktionen ... Major Chinese banks have taken measures to prevent customers from buying gold, platinum, palladium, and other precious metal-related products through them. The Shanghai Gold Exchange also says it ... One of the first ICOs in history, it raised over 5,881 BTC and was later listed on Bittrex under the ticker DCT. It also traded on Yuanbao (before the China ban), briefly reaching a market cap of over $100 million USD.Prices are currently around.00012 to .00017 BTC, and it is among the top 100 cryptocurrencies off-and-on.. Now the DECENT team is finally gaining mainstream recognition. Factom, the blockchain-enabling records management project, announced today that Yuanbao, a Chinese cryptocurrency exchange, has added support for Factom’s digital tokens, Factom has also chosen Yuanbao as its officially recommended partner in Asia.. Launching in 2013, Yuanbao’s exchange is one of China’s largest mutliple cryptocurrency exchanges, with 18 coins having been successfully ... The number of German banks charging negative interest rates has been rising rapidly. At least 41 banks now charge negative interest rates on deposits. According to reports, seven of them are ... Binance Bitcoin Bitcoin News Bitcoin Price Blockchain blockchain technology Cryptocurrencies cryptocurrency cryptocurrency exchange Cryptocurrency Trading Crypto Exchange Crypto news Crypto Regulations Crypto trading Ethereum Exchange News Price Analysis Ripple. Follow us. Defi Tokens Surge! #YFI enjoy bull ride by 17% gain as #YFII and #LINK too join the ride by 17% and 13% gains resp ...
[index]          
#bitcoin #like #cryptocurrency #news #btc #ethereum #eth #cryptocurrency #litecoin #altcoin #altcoins #eos #forex #money #best #trading #bitcoinmining #invest #trader #cryptocurrencies #top # ... CZ, founder and CEO of Binance, is LIVE with us to answer ALL your questions regarding bitcoin, binance, and cryptocurrency in 2020! [This is NOT sponsored!]... Major cryptocurrency exchange Binance has launched peer-to-peer trading for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese Yuan (CNY). In an announcement published on Oct. 9, the ... Latest Cryptocurrency News Bitcoin Analysis & Price Prediction Samsung Travala Binance Etc. Latest cryptocurrency news today in hindi Video covers th... ️Compra tus primeros Bitcoins con Binance aquí: https://bit.ly/3bu5UTl APRENDE MAS SOBRE BITCOIN! Serie: Qué es Bitcoin y cómo funciona: https://bit.ly/3c... Binance is blocking US residence soon. Are you wondering which alternative Bitcoin and Crypto exchanges to use? If so tune in! Become a CryptosRus INSIDER to gain exclusive insight on the market ... NEW CHANNEL: https://www.youtube.com/channel/UCH9HlTrjyLmLRS0iE1P4rrg I also play video games! https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA -----... In today's video, we take a look at the binance expected acquisition of coinmarketcap and whether or not this is good for crypto. If you would like to be highlighted on my channel please reach out ... Bitcoin Giveaway and Halving, Binance 比特币 Trading News with CZ Binance Worldwide 1,617 watching Live now Warren Buffett & Jay - Z - Billionaire Investing Secrets (Interview with Forbes ... This is Altcoin news, from the world of Cryptocurrency. Today we look at a few of the major celebrities who got involved with cryptocurrencies so far. Binance Vs McAfee: hack rumours controversy ...