Review on Neo by Jovan Maksimovic
Neo coin "Chinese Etherium"
NEO is one of the first cryptocurrencies and shares similarities with the Ethereum platform.The cryptocurrency NEO is often called "Chinese Ethereum" because it is the first Chinese blockchain platform and has many similarities with one of the strongest and most famous cryptocurrencies in the world. NEO is an open blockchain system that seeks to realize the concept of "smart economy" through smart contracts and blockchain technology.
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Pros
- There are numerous similarities between the NEO platform and Ethereum. The first is that NEO has the nickname "Chinese Ethereum". Also, NEO used the ERC-20 token, a popular Ethereum token used by a number of cryptocurrencies.
Cons
- The Ethereum platform generates the cryptocurrency Ether, or ETH, which is created as a product of blockchain mining. It is used for the functioning of the network, and for the payment of transaction fees in the same. Although its shortcomings and problems are often mentioned, the fact is that the Ethereum network is still the most popular choice when building decentralized applications, and that a large number of cryptocurrencies are based on it.
