Review on Neo by Albert Smith
NEO blockchain
The neo-network uses the consensus mechanism based on the tolerance of the Byzantine error (dBFT) between a number of confirmed central nodes and can support up to 10,000 transactions per second (TPS). Tolerating the Byzantine error is a hypothetical problem in which nine generals try to decide how to attack a city by following a majority vote.
The local neo blockchain currency is displayed with the abbreviation NEO. NEO is an indivisible token that produces GAS tokens. GAS tokens are a separate asset on the network that can be used to pay for transactions. In fact, GAS is considered the fuel for the NEO platform; that is, it is used to pay the calculation fee or develop smart contracts on the network. GAS inflation is controlled by a half-life algorithm that releases 100 million GAS in about 22 years.
A total of 100 million NEOs were created in the Genesis Block. 50 million NEOs were sold to initial investors and the remaining 50 million were put under a smart contract. Under the smart deal, 15 million NEOs are released each year, which is used by the neo-development team to fund long-term goals.
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Updated 3 years ago
Rating has not been changed
The most basic and most sophisticated cash Noe might be changed or kept in the fastest and most economical form of cash, which is just the primary cryptographic cash and superb electronic money, as part of the blocking and decentralised cycle.
This is based on a BFT invention, a stock agreement system proof of concept.
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Pros
- NEO allows for the creation of electronic identities for individuals, businesses and individuals to be accessible through multi-factor authentication systems, including voice recognition, fingerprint, SMS and face recognition.
Cons
- Compared to many features, it doesn't have a high price right now
