Review on Neo by Fanuel PORPORTY
NEO: Chinese Ethereum
Neo is an open source project launched in 2014 by a Chinese company and led by the community. On the one hand NEO wants to create a smart economy by offering a blockchain platform powered by cryptocurrency and allowing the development of decentralized applications, on the other hand NEO allows the scanning of real goods. Physical assets can be represented as a digital asset on the blockchain and transferred between multiple people.
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Smart Economy is at the heart of the development of the NEO ecosystem. It is based on a desire to bring together the traditional economy and the digital economy. This economy is totally decentralized and accessible to all
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The Neo network works with two tokens: NEO and GAS. NEO tokens are used for blockchain votes while GAS is used to pay transaction fees. Thanks to the proof of stake, an additional currency, the GAS, is distributed to the holders of NEO on a wallet. The GAS is used to power the NEO platform. It is generated with each new NEO block....
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Pros
- NEO offers better scalability and is compatible with many programming languages, such as C or Java.
- Access to the platform is simple and could be a major point in the adoption of the platform by the developer community
- Holding NEOs also means earning dividends: the GAS
- NEO is the first cryptocurrency to receive the A- rating from the US rating agency "Weiss Rating" in its rating "weiss cryptocurrency ratings
- Interoperability of blockchains by atomic swaps thanks to NeoX
- The transaction speed of the Neo network is much higher
Cons
- The Chinese government's stance on blockchains and cryptocurrency changes frequently and remains ambiguous
