Review on Neo by David sovel
Neo token
The NEO network works between a number of centrally approved nodes based on the PoS algorithm and the decentralized Fault Tolerance (dBFT) consensus mechanism, and can handle up to 10,000 transactions per second. Support.
"Byzantine error tolerance" means that two nodes in each part of the network can communicate securely, knowing that both nodes display the same data. In a peer-to-peer (P2P) network, consensus is reached if non-defective nodes agree on an agreement.
Neo and GAS are the cryptocurrencies of the Neo network, each with 100 million tokens.
The NEO logo represents the stock in the Neo market and cannot be divided. NEO holders have the right to vote in the NEO ecosystem and also enjoy GAS dividends.
GAS dividends also accumulate as a cost on the network. Users pay GAS to establish and execute smart contracts. Costs are proportional to the computing resources used by the smart contract. These costs are distributed among accountants as a reward for network activity.
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Pros
- Easy to work developers
- Consensus mechanism with optimal energy consumption
Cons
- The Chinese roots of NEO show it is a platform unrelated to Western English-speaking users. Because of the large population of blockchain enthusiasts and cryptographers living in the West, this could pose major problems for neo-acceptance.
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Comments (1)
May 12, 2020
It as an open source block chain decentralized platform. 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.
