NEO Cryptocurrency Review – blockchain platform. The NEO project is directed by Da Hongfei, along with the OnChain team has worked with several high-profile tech firms such as Alibaba and Microsoft—the NEO project has also worked with Microsoft China on point events.
NEO is a blockchain platform that permits the implementation of clever trustless contracts. Meaning that, such as Ethereum, it may be utilized for financial transactions. Still, it also may serve as a platform for more complex connections and fully-featured distributed apps (dApps).
NEO Cryptocurrency Review – blockchain platform
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
NEO Cryptocurrency Review – blockchain platform
Even though it shares the same basic functionality as Ethereum, the two projects have some crucial differences.
First, while Ethereum needs developers to code in its Programming language (Solidity), developers who’d like to write a dApp for NEO’s network can do this in a variety of languages they might already know, including C#, VB.Net, F#, Java, Python, Ruby, and Kotlin. This makes getting started having a NEO job much more accessible for first-time blockchain programmers from different platforms.
Second, instead of using a power-hungry proof-of-work consensus algorithm like Bitcoin or Ethereum, NEO employs a proof-of-stake system using assigned Byzantine Fault Tolerance (dBFT). That means — to greatly oversimplify — is that consensus is achieved when 66 percent or more of those nodes on the NEO network confirm a transaction.
Having established itself as China’s leading clever contracts platform, NEO’s future seems bright. The token has already seen tremendous growth within the last year. Still, with fewer circulating coins compared to Ethereum plus a far lower market price, the sky’s the limit for NEO when it proves to be the “Ethereum killer” it is occasionally billed as or maybe just manages to stake out a claim into a substantial share of the planet’s intelligent contracts market.
NEO Cryptocurrency Review – blockchain platform
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Good post. I will be going through many of these issues as well..
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