Review on Neo by Ana A

Name: Neo
Item: Neo
Rating: 5

May 03, 2020

Chinese ethereum.

This project was born in 2014, I consider it one of the applications that most encourage the development of decentralized applications. It is based on the community that BlockChaim uses, its purpose is to make this cryptocurrency one of the best applications for the development of other applications. NEO provides a platform for the development of other tokens, which could be financial and act in the same way as BTC, but it is a much more complex and versatile project. The cryptocurrency itself is the engine of this ecosystem and allows it to promote its development, and that of others.
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This is a coin that has had impressive growth since its inception and a development that has been quite well regarded by cryptocurrency developers. Therefore new investors have established their investments there.
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I consider it the most important to invest since its price has remained stable and has high liquidity, however, new users who want to venture into the world of crypto will not have much boom, so it is not recommended for new users. . Although, being the best, does not make it the preferred one, that is something that can be seen within the comments and criticisms made by its users. You can make secure and private exchanges and transfers from their wallet.
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Pros

His team is made up of important figures in China on the subject of blockChaim technology
It supports several common programming languages.
NEO holders obtain benefits in GAS (fulfilling certain conditions).
Smart contracts are taking on significant importance in the field, and investors often opt for robust solutions that have been pioneers in this field.
The NEO network already supports other major cryptocurrency projects. Therefore, it has positioned itself as the most reliable feasible platform.

Cons

The legislative system in China is often unpredictable. Being based in that country, NEO's future could be conditioned by the regulations required there. In addition to its laws and regulations established in other countries in relation to the prohibition of cryptos.
NEO does not provide a truly innovative solution. It is a competitor to Ethereum and, as we have already seen, pioneers are hard to topple. So its low price has caused it to fail to position itself against enemies like Bitcioin. And therefore many new users prefer other alternatives.