Review on Neo by Davis Marvel O'cho
NEO is a very special cryptocurrency, but although this status may scare more than one, the seasoned investor will not stop there. NEO offers increased earning possibilities.
NEO is an economics platform that enjoys considerable notoriety in the world of cryptocurrency. This new decentralized system makes it possible to carry out financial transactions in no time. The founders of NEO took the initiative to create cryptocurrency in order to generate a blockchain that meets the needs of private companies. Virtual currency is also used to meet the requirements of government regulation. Although China remains reluctant to use digital currencies, NEO aims to convince governors of the benefits of this alternative currency.
Virtual currency is challenging the world with its smart economic concept. The platform wishes to convert all commercial agreements using the Smart contract. This system is used to digitize and automate all contracts on a decentralized platform. The clause will be formalized based on commercial agreements between the different parties.
Pros
- A large and voluntary community
- A very accessible programming via 5 famous languages, with an objective of 10 languages such as: Visual Basic, JSON RPC, Python, C, C ++, C #, Go, Java, JavaScript, .Net
- Like Bitcoin and Ethereum, NEO allows users to trade without going through intermediaries. Transactions are fast and 100% reliable. The transparency of the blockchain is reflected by the implementation of security devices such as easy and voice recognition.
Cons
- Blockchain centralization: it even goes against the values of cryptocurrencies
- Impossible mining is the main drawback of cryptocurrency. All of the NEO corners have been protruded. The platform distributes its virtual coins through a crowdfunding event. In the absence of mining, the distribution of tokens is highly centralized.
