Review on Neo by Bert Harper

Name: Neo
Item: Neo
Rating: 5

June 17, 2019

Neo project review.

Neo is a non-profit community driven blockchain project that utilizes smart contracts and digital identity technology to manage digital assets. It uses a distributed network with the aim to create a Smart Economy. 
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The maximum supply is 100 million NEO coins with 65 million currently in circulation. The maximum supply is expected to be reached within 4 years.
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The development resources were provided by the founder Da Hongfei and Erik Zhang, which later founded Onchain to provide the blockchain with consulting services.
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NEO holds a lot of potential and because of this it is a great investment option when compared to other cryptocurrencies. This whole year has been great for the NEO network.
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NEO blockchain is a decentralized peer-to-peer network that is community driven. The consensus mechanism that it uses is called delegated Byzantine Fault Tolerance (dBFT), which can support up to 10,000 transactions per second. 
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In order to achieve such lightning fast consensus, book keeping nodes are selected in a random manner to validate transactions based on overlapping networks of trust in a similar manner to Stellar. Systems that adopt dBFT cannot fork into two separate chains as the network relies on a 2 out of 3 majority rule to operate.
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Pros

NEO has been getting even more security from regulators, making it one of the main features of the network.
Passive income ~ it is gained by just holding NEO in GAS tokens and an airdrop is coming soon
Trading counterpart ~ Binance started and will expand the list of NEP-5 tokens for which NEO will be a trading counterpart

Cons

Main & biggest drawback of NEO is its slow synchronization with the wallet.
As the project is based in China, there are some regulatory uncertainties and concerns and its Unfriendly interface