$ 15.96 USD
$ 15.96 USD
$ 1.2058 billion USD
$ 1.2058b USD
$ 73.105 million USD
$ 73.105m USD
$ 567.227 million USD
$ 567.227m USD
70.538 million NEO
Issue Time
2014-06-01
Platform pertained to
--
Current price
$15.96USD
Market Cap
$1.2058bUSD
Volume of Transaction
24h
$73.105mUSD
Circulating supply
70.538mNEO
Volume of Transaction
7d
$567.227mUSD
Change
24h
+3.17%
Number of Markets
319
More
Warehouse
Wenchen Li
Github's IP Address
[Copy]
Codebase Size
49
Last Updated Time
2020-12-09 11:22:10
Language Involved
--
Agreement
--
Current Rate0
0.00USD
The number of the negative comments received by WikiBit have reached 11 for this token in the past 3 months, please be aware of the risk and the potential scam!
3H
-2.04%
1D
+3.17%
1W
+10.94%
1M
+14.12%
1Y
+26.95%
All
+2750.6%
Aspect | Information |
---|---|
Short Name | NEO |
Full Name | NEO Token |
Founded Year | 2014 |
Main Founders | Da Hongfei and Erik Zhang |
Support Exchanges | Binance, OKEx, Bitfinex, Huobi, etc |
Storage Wallet | NEO Wallet, Ledger, Trezor etc |
NEO, formerly known as Antshares, is a type of cryptocurrency that was developed in 2014 by Da Hongfei and Erik Zhang. Based on its unique blockchain algorithm, NEO focuses on utilizing the intrinsic advantages of blockchain technology to realize a “smart economy” with a distributed network. It supports various types of digital assets and employs smart contracts, achieving secure, decentralized and cost-efficient transactions. The NEO token can be stored in different wallets, including NEO Wallet, Ledger, Trezor and more. It is also traded in several exchanges, including Binance, OKEx, Bitfinex, Huobi, among others.
Pros | Cons |
---|---|
Supports multiple programming languages | Centralization concerns |
Strong developer community | Scarcity of technical resources |
Digital Identity and Smart Economy focus | Competition with other major platforms |
Quantum computing resilience | Regulatory risks |
Pros:
1. Supports multiple programming languages: Unlike some cryptocurrencies that rely on a unique programming language, NEO supports multiple well-known programming languages including JavaScript and C#. This feature can potentially attract a wide range of developers to contribute to its platform.
2. Strong developer community: NEO has a robust and active developer community. Their ongoing contributions can continue to bolster the overall growth and sustainability of the platform.
3. Digital Identity and Smart Economy focus: NEO emphasizes on creating a 'Smart Economy' by digitizing assets and identities. This alignment with the modern economy can potentially appeal to organizations looking to embrace the future of business.
4. Quantum computing resilience: NEO is designed to be secure against quantum computers, which are believed to become a significant future threat to cryptocurrencies.
Cons:
1. Centralization concerns: Critics have called into question NEO's degree of decentralization. Decentralization is a cornerstone of crypto-ideology, and NEO has faced criticism for its perceived centralization.
2. Scarcity of technical resources: There is a relative scarcity of resources, guides, and tutorials for learning NEO's blockchain platform compared to other, more longstanding cryptocurrencies. This could be a barrier for new developers seeking to contribute to NEO's platform.
3. Competition with other major platforms: NEO competes with other major blockchain platforms such as Ethereum, which are well established and widely used. This competition could be a significant challenge in its path to growth.
4. Regulatory risks: Like many cryptocurrencies, NEO is subject to regulatory risks. Changes in blockchain regulatory laws and policies can have a significant impact on its value and usability.
NEO brings several innovative features to the world of cryptocurrency. Its distinguishing features include:
1. Multi-Language Support: It has a compatibility advantage over other blockchains as it provides developers with the flexibility to write smart contracts and dapps in multiple coding languages including C#, Java, Python, and Go.
2. Digital Assets and Digital Identity: Unlike many cryptocurrencies, NEO places a distinct emphasis on digitizing assets and identities. This focus fits well into its vision of creating a 'Smart Economy' where these digital assets and identities can be integrated.
3. dBFT Consensus Mechanism: NEO uses a unique Delegated Byzantine Fault Tolerance (dBFT) consensus mechanism. This consensus method introduces improvements in terms of scaling and energy efficiency, while offering tolerance to Byzantine failures.
4. Quantum Computing Resistance: NEO claims to be quantum resistant, meaning it is designed to withstand potential threats related to the future advent of quantum computers.
All these features, while innovative, also make NEO distinct from other cryptocurrencies. However, like all cryptos, NEO's performance also depends greatly on market dynamics, regulatory environment and technology adaptation rates.
NEO operates based on a unique consensus mechanism known as the Delegated Byzantine Fault Tolerance (dBFT) system. Unlike other proof-of-work or proof-of-stake systems used by other cryptocurrencies, in dbFT, certain nodes are designated as professional bookkeeping nodes through a real-time voting process that maintains the decentralization feature of the blockchain.
The chosen bookkeeping nodes, who hold a special digital identity, work to verify new blocks on the chain and maintain consensus even if some of them were to malfunction or act maliciously. dBFT ensures finality in transactions and supports more transactions per second (TPS), hence improving the speed of transactions on the NEO system.
Another significant aspect of NEO is its focus on digitizing assets through smart contracts. Using the 'Smart Contract 2.0' protocol, NEO allows developers to use familiar programming languages to create smart contracts. These contracts are then used to digitalize real-world assets which can then be traded and managed on the NEO network.
Digital identity is also an integral part of NEOs operational principle. It allows for the creation of identity information of organizations, individuals, and entities in electronic form that exist on the decentralized network, which are interoperable and compliant with legal standards.
Finally, NEO has a dual-token system: NEO and GAS. While the NEO token represents ownership in the NEO blockchain and allows for decentralized decision making, GAS is the utility token used to pay for transactions within the network. The unique dual-token system separates the rights of using the network from ownership rights, providing more flexibility to users.
The total supply of NEO is capped at 100 million tokens. As of the current update (please note that this may vary over time), there are approximately 70.5 million NEO tokens in circulation. However, its always best to check the latest statistics from a reliable cryptocurrency market data provider.
Various cryptocurrency exchanges support the buying and trading of NEO. Here are ten of those exchanges:
1. Binance: This global cryptocurrency exchange supports a range of trading pairs for NEO, including NEO/USDT, NEO/BTC, NEO/ETH, and NEO/BNB.
2. OKEx: OKEx also offers a variety of trading pairs such as NEO/USDT, NEO/BTC, and NEO/ETH.
3. Bitfinex: Bitfinex provides a platform for trading NEO against cryptocurrencies and fiat currencies. It supports trading pairs like NEO/USD, NEO/BTC, and NEO/ETH.
4. Huobi: At Huobi, users can trade NEO through various pairs, including NEO/USDT, NEO/BTC, and NEO/ETH.
5. Coinbase Pro: Coinbase Pro allows users to trade NEO using different currency pairs like NEO/USD, NEO/EUR and NEO/BTC.
6. Kraken: This exchange supports several trading pairs such as NEO/USD, NEO/EUR, NEO/BTC, and NEO/ETH.
7. Bitstamp: On Bitstamp, NEO can be traded with different currency pairs including NEO/USD, NEO/EUR, and NEO/BTC.
8. Gemini: Gemini users can exchange NEO against USD, BTC, and ETH.
9. KuCoin: KuCoin supports multiple trading pairs for NEO such as NEO/USDT, NEO/BTC, and NEO/ETH.
10. Bittrex: On Bittrex, NEO can be traded against USDT, BTC, and ETH.
Please note: The trading pairs available may change over time, it's always a good idea to check the individual exchanges for the most current information.
NEO can be stored in a variety of wallets, each with their own characteristics and security measures. Here are some options:
1. Desktop Wallets: These types of wallets exist as software on a laptop or a desktop computer. Examples include the NEO GUI, which is the official desktop wallet developed by NEO developers, and Neon Wallet, which allows users to store, send, and claim GAS – the secondary currency in the NEO ecosystem.
2. Mobile Wallets: These are apps that run on mobile devices and provide the benefit of accessing NEO tokens anywhere and anytime. Examples include the O3 Wallet that offers a simple and secure mobile wallet solution for NEO storage.
3. Hardware Wallets: These wallets are physical devices that securely store private keys. They are considered to be very secure since they offer offline storage. Examples of hardware wallets supporting NEO are Ledger Nano S or Ledger Nano X, and Trezor.
4. Web Wallets: These wallets can be accessed from any device with an internet connection. An example is NEO Tracker, which is an open-source, offline wallet.
5. Paper Wallets: These are physical pieces of paper that carry a public address and private key pair. You can print a paper wallet for storing NEO using a wallet generating service. However, please be aware that if the paper is lost or damaged, access to your funds may be lost forever.
When choosing the right NEO wallet for your needs, important factors to consider are security, user interface, customer support, and compatibility with different operating systems. Always remember to take the necessary precautions when handling digital assets: secure your private keys, use two-factor authentication if possible, and keep your software up-to-date.
Buying NEO, like any other cryptocurrency, depends on individual circumstances, objectives, risks tolerance, and understanding of blockchain technology. Here are some broad categories of individuals who might consider buying NEO:
1. Tech Enthusiasts: Those who have a strong understanding of blockchain technology and wish to support a project that focuses on developing a “smart economy.” They recognize the unique features of NEO - like the dBFT consensus mechanism, digital identities, and multi-language support for smart contracts.
2. Long-term Investors: If an individual believes in the long-term potential of NEO and its vision of a smart economy, they might consider adding NEO to their investment portfolio.
3. Speculative Traders: These are traders who buy and sell NEO to profit from its price fluctuations.
In terms of professional advice for those considering buying NEO, consider the following:
Research: Do thorough research on NEO - its technological infrastructure, roadmap, regulatory issues, and competition. Stay updated with news on NEO and the wider crypto and blockchain sector.
Risks Assessment: Understand and evaluate the risks associated with investing in cryptocurrencies. NEO, like all cryptocurrencies, can be highly volatile.
Financial Advice: Consider consulting with a financial advisor who understands cryptocurrencies and can provide personalized advice based on your financial situation and investment goals.
Diversification: It's a common piece of investment advice to diversify one's portfolio. Investing all your money into one single cryptocurrency, including NEO, could raise your risk.
Storage: If you decide to buy NEO, ensure you know how to store the cryptocurrency safely. Using reputable wallets and keeping private keys secure is crucial.
Regulation: Stay updated with the regulations in your country related to purchasing and holding cryptocurrencies like NEO.
Practice: Consider starting with a small amount of investment or a demo trading account to familiarize yourself with the process and understand the market dynamics.
Remember, all investments come with risks. It's necessary to be fully aware of the risks and your own financial circumstances before investing in cryptocurrencies like NEO.
NEO, once known as Antshares, is a unique and innovative addition to the world of cryptocurrencies. Developed in 2014, it has introduced novel features including multi-language support for smart contracts, digital asset and digital identity services, and a unique consensus mechanism known as Delegated Byzantine Fault Tolerance (dBFT).
NEO's vision is to develop a “smart economy”, suggesting a forward-thinking approach towards integrating blockchain technology and traditional finance. Their focus on quantum computing resilience also demonstrates their anticipation of future technological advancements and threats.
While NEO has established its individuality within the vast array of cryptocurrencies, it also faces competition from major platforms like Ethereum, and non-technical challenges such as regulatory uncertainties and concerns regarding centralization. Like all cryptocurrencies, NEOs value is subject to high volatility due to its market-driven nature.
As for earning potential, it's important to note that while some individuals may have made significant earnings from NEO due to price appreciation or by earning GAS (the secondary token in the NEO ecosystem), investment in any cryptocurrency should be carefully considered given the risk involved.
To conclude, the future development of NEO largely depends on how well it manages these challenges, the adoption rate of its technology by industries and developers, along with regulatory and market factors. No certain prediction can be made regarding its potential for appreciation or revenue generation.
Q: Which programming languages does NEO support for writing smart contracts?
A: For smart contract creation, NEO supports various commonly used programming languages, such as JavaScript, C#, Python, and Go.
Q: What are some concerns associated with the NEO platform?
A: Some areas of concern associated with NEO include perceived centralization issues, scarcity of learning resources, competition with well-established platforms like Ethereum and regulatory uncertainties.
Q: What is the relation between NEO and GAS tokens in the NEO blockchain?
A: In the NEO blockchain, the NEO token represents ownership and is used in governance decisions, while GAS is the utility token used to pay for transactions and services within the network.
Q: What are some popular cryptocurrency exchanges where I can buy and trade NEO?
A: Popular cryptocurrency exchanges supporting NEO include Binance, OKEx, Bitfinex, Huobi, Coinbase Pro and others.
Q: Which types of wallets are suitable for storing NEO tokens?
A: NEO tokens can be stored in a variety of wallets including desktop wallets like the official NEO GUI and Neon Wallet, mobile wallets like O3 Wallet, hardware wallets like Ledger and Trezor, and web wallets like NEO Tracker.
Q: What factors should I consider before investing in NEO?
A: Before investing in NEO, consider factors like your familiarity with blockchain technology, your investment goals, NEO's technology and competition, and the volatility and regulatory risks associated with cryptocurrencies.
Q: Can NEO's future development impact its value?
A: Yes, the future development of NEO, including its technology adoption rate, the state of competition and regulatory environment, can significantly impact its value in the market.
Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.
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