Review on Neo by Kenan Chalabi

Neo is a software network designed to act as a platform on which anyone can trade and create decentralized products and services.

Neo is sometimes called "Chinese Ethereum" because it shares many similar features with more popular similar products, such as the ability to write decentralized applications (dapps) for decentralized exchanges, prediction markets, and social media. ).

In addition, the Neo network provides its users with many other features, including a decentralized file storage system, an identity system, and an Oracle system that provides you with external information (such as pricing data).

Neo uses a unique governance system called Delegated Byzantine Fault Tolerance (dBFT) as the consensus mechanism for computers running its software.

The execution center on its blockchain is two native cryptocurrencies, NEO, which is used to vote on protocol changes, and GAS, which is used to pay for calculations on the network.

Users seeking to keep in touch can learn about Neo’s current blog. Follow his official blog to get updated details. What is

Neo?

Who created Neo?

Neo, launched as Antshares, was created by Da Hongfei and Erick Zhang in 2014 and renamed Neo in 2017. The

Antshares team initially distributed their ANS cryptocurrency in a 2014 token sale, raising over 6,100 bitcoins. The ANS tokens were subsequently converted to NEO in 2016, and the team conducted a second token sale, which raised over US $ 8 million and released the full supply of NEO tokens. Half of the

NEO supply is given to participants at their token sale, while the other half is reserved for Neo developer investments, community funds, and other projects. How does

Neo work? The

Neo platform enables developers to use their software to run smart contracts (called NeoContracts) and design new programs (dapps) designed to replicate real-world products and services.

NeoContracts differs from other smart contract-based protocols in that developers can use various existing popular languages (such as C # and Java) to create applications instead of learning a new language.

Therefore, NeoContract's ability to work in multiple programming languages is attractive to more developers looking to create dapps or support existing applications. NeoContracts differs from other smart contract-based protocols in that developers can use various existing popular languages (such as C # and Java) to create applications instead of learning a new language.

Therefore, NeoContract's ability to work in multiple programming languages is attractive to more developers looking to create dapps or support existing applications.