Review on Neo by José A Rodríguez
The First Chinese Autonomous Crypto-Project
Neo is a crypto community-driven platform with a supportive blockchain technology applied to a half-decentralized system. There are still lots of questions about the scope of this cryptocurrency, but it has taken decisive steps since it became the first public and autonomous crypto-project initiated in the Asian country. It's supported by at least 10 communities, and until it is doing excellent advances among the crypto world.
This project offers an innovative smart economy it offers. Moreover, its software klanguages that include C#, Python, Java & Java Script, and Go. Frequently, it’s compared to the Ethereum blockchain and with lots of reasons, but Neo possesses its own well-defined purposes. The proof-of-stake used for this blockchain is also something unique because of its updated Delegated Byzantine Fault Tolerance 2.0 (DBFT 2.0), which implements a security level under a more stable consensus.
Today, the platform have summed more than 2,000,000 crypto users and 500,000 regional members.
Pros
- A DBFT 2.0 works effectively to offer great security to its customers and attack false applicants who want to affect the blockchain system. This consensus is recognized as a firmer mechanism than the older ones.
- Velocity of transactions and general operations. Neo’s blockchain was updated and now around 10,000 different transactions occur in a faster way. As a result, the token has been adopted for many companies.
- Great and easy selection of programming languages to boost the blockchain’s growth.
- Supportive cryptocurrency in the modern economic framework of China.
- Easy-to-use platform for blockchain developers.
Cons
- The DBFT 2.0 consensus is sometimes really difficult to understand. It requires advanced crypto believers who have a long time using cryptos and the blockchain for finances.
- No worldwide usage. It has its origins established just in China.
- General centralized system even if users can execute autonomous operations.
