NEO - Everything you should know about this cryptocurrency

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Welcome to my post in which I will tell you the success of the cryptocurrency called NEO and the great acceptance it had in the market as well as how it works.

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First of all, what is NEO?

NEO called the Chinese Etherium and formerly called with the official name AntShares is a cryptocoin based on the chain technology, is the first of China technology, which is decentralized and protected using digital certificates, has on purpose the creation of intelligent contracts and Decentralized trade.

NEO, the first project of China's original public network, has announced the completion of the language reconstruction efforts of identity, which was Antshares. In addition, NEO has updated its blockchain nodes, technical documents, official site of currency, social media and the trade name around the world, representing the transition from Antshares 1.0 to NEO 2.0 smart contract system.

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Smart contracts

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The cryptocurrency called NEO unlike the cryptocurrency called Etherium as far as smart contracts is concerned it supports more languages which are: 

 
• .NET
 
• JAVA
 
• C#
 
• Go
 
• Python (Soon)
 
• JS (Soon)

In addition, the Nest Smart Fund, based on NEO smart contracts, will be a new form of investment fund that will delete high risks, inefficiencies and moral hazards often associated with intermediaries of traditional funds. Supported by blockchain technology chinese.

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NEO Network Associations

Since its important update the cryptocurrency NEO added the function of complete intelligent contracts bringing thus to the beginning of works with:

 
• Bancor(ICO)
 
• Coindash  (ICO)

Were also announced that other projects will join the NEO ecosystem:

 
• Red Pulse
 
• Elastos

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NEO sustainability

NEO has a great sustainability in the environment of the coinmarketcap, because apart from the intelligent contracts that can generate has a limited number to create their same currencies which are 100.000.000 NEO currencies, currently in circulation there are 50.000.000 of NEO coins.

The cryptocurrency NEO has not been added in many markets of Cryptocurrency exchange so not many have bought it, although its price has been increased too high could increase even more, the markets that currently have it for sale are:

 
• Bittrex 
 
• Binance 
 
• Yumbi
 
• Jubi
 
• Yuanbao
 
• 19800
 
• Yobtc

These markets are mostly Middle Eastern markets, and most major Western markets have not added NEO except for Bittrex and Binance.

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NEO Fuel

The so-called NEO fuel is named GAS which also has its own value in the coinmarketcap, currently has the approximate value of $ 23 and is worth almost half of NEO.

Also as the GAS is the fuel for the NEO network, as well as the fuel for the Ethereum network. However, unlike NEO, the Etherium gas is not given as dividends to all who have this cryptocurrency.

To get GAS you must save NEO in the official wallet since Bittrex does not pay GAS dividends for saving your NEO there, you can download or open a virtual wallet in Neo.org for PC or Mobile.

You can get a calculation of how much GAS you will earn by saving a certain amount of NEO in:

 
• NEOTOGAS.com

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Expectations

NEO is one of the great cryptocurrency of 2017, because not only promises the projects but is in development of these, the scalability is high because it supposes competition to Ethereum since it also has the capacity to generate intelligent contracts but with more facility, at present Positions in the market of criptomonedas with the position number 5 and the capitalization of $ 2,491,655,000.

NEO outperformed large cryptocurrency  such as Dogecoin, ZCash, Wallet, Etherium Classic, Dash, IOTA (Future Project), NEM and Litecoin.

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Official sources

 
• Neo.org
 
• Facebook
 
• Twitter
 
• Reddit
 
• Gifthub

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