Review on Neo by Othere Obtentus
Chinese Ethereum
NEO is a cryptocurrency originating in China. Previously referred to as AntShares, it is the first decentralized cryptocurrency built in China. The developers used and extended the Ethereum blockchain, restoring the technology to support something that enhanced it further.
Users can log, exchange and share a variety of assets on the NEO blockchain. Data authentication will ensure that the intangible object is in line with the physical properties, advertisement and promo and assets identified via digital authentication are security in legislation.
Something like a digital identity is critical because it avoids issues faced by certain other crypto and blockchain networks. This method helps us to stay anonymous, but it ensures the validity of all purchases made.
Incorporating digital assets and identities with Smart Contracts builds a virtual
footprint that offers consumers a range of influence in today's decentralized economy.
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Pros
- A digital financial system that combines the assets of the real world
- Supports digital certificates
- Original Fast Trading Mechanism
- Smart Contracts
- Digital Identification
Cons
- Many alternatives to Neo exist
