Review on Neo by Olugbenga Ajayi
NEO: A fast growing blockchain
Neo is a blockchain platform for distributed applications and for on-chain apps. It is a blockchain development company for Enterprise and institution. It provides platform for carrying out financial transaction in no time. It is based on BFT technology which is a distributed proof of stake consensus algorithm. One beautiful to thing about it is that it allows developer to use common programming languages which has given rise to it's popularity. Besides the fact that it support token, the platform is shifting towards mainstream applications. In September 201, Neo become the first blockchain member of Microsoft.net. it also recently released 11 millions from it's cold wallet into the market. Neo has above 2million user addresses, above 500,000 community members and it's available in 7countrues already. All of this shows it's acceptance and it's ride to fame. Neo also recently launches it's Neo 3 preview 2 to accelerate developer innovation. I am looking to the time when Neo will become reach more countries.
Pros
- It support common programming languages
- It has potential to become a global market place
Cons
- It needs to adopt cross chain protocol to give way to interoperability
- Because it is based in China and has its largest members community in China, any negative governmental regulation could bring it down.,
New products
Comments (2)
May 10, 2020
Neo is formally known as Antshare founded in 2014 by Day Hongfei and Erik Zhang, but was rebrounded in the year 2017. It has many user address and many community members and it is also available in various countries
May 09, 2020
It as an open source block chain decentralized. In the year 2017 it was rebranded from Antshares to NEO, it aim is to realise a smart economy by using block chain technology and smart contract to issue and to manage digitalize assets. It super token which makes it more acceptable.
