Review on Neo by toan van
NEO ethereum of china
NEO is a distributed network for the smart economy. This is an open, community-driven project. NEO Blockchain is likened to China's Ethereum.
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NEO was founded by Da HongFei and Erik Zhang in June 2014
NEO is listed on most exchanges
NEO's blockchain uses the Delegated Byzantine Fault Tolerance (DBFT) consensus mechanism. This is considered a solution for distributed systems. It fixes the problems of PoW and PoS.
With this mechanism, NEO can reach 10,000 transactions per second, reduce power consumption costs as well as eliminate the possibility of Blockchain being split.
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Pros
- using DBFT consensus mechanism to accelerate transaction and reduce mining costs
- Listed on many large exchanges, good liquidity
Cons
- It seems that the project is developing slowly, hoping for a breakthrough in the coming time
