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- Let's talk about NEO
- Neo, dubbed "China's Ethereum."
- Based on coinmarketcap.com as of August 2017, it is now number 8 market cap at almost $2 billion dollars
- The current price around $40 / coin
- The price has gone up over 100% from a week ago
- Which left people wondering "why."
What is Neo?
- Neo, formerly known as Antshares. The ICO was in the fall of 2016, but the project started in 2014. It is a smart contract platform that offers now programming languages than Ethereum.
- It essentially competes with Ethereum, and it sets out to address the same programs as Ethereum
- Neo incorporated sharding and concurrency to address the scaling issues that Ethereum is experiencing
Let's talk about Neo Price
- The demand for Neo right now, here are a few insights:
- Only one exchange in the Western market offers NEO/BTC, and NEO/ETH trades has led to congestion in supply
- Neo partners with many firms include WINGS and Microsoft
- It gains strong support from China and Chinese government
NEO is still in early stage and is competing with Ethereum and EOS. Will NEO become the go to cryptocurrency for Ethereum-like project?
Let me know your thoughts in the comment section below.
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