NEO is a cryptocurrency platform built on the blockchain network that allows for the creation of smart contracts and virtual assets. NEO is a promising project with a fundamental use case that cannot be overlooked. It is recommended as an alternative to Ethereum. NEO provides a degree of flexibility in the creation of smart contracts by allowing developers to design in ways that are appropriate for the use case. Because of the similarities between the two projects, NEO has been referred to as the Chinese version of the Ethereum network. The success of this ecosystem is based on its ability to produce blocks faster and at a lower cost, with a production cap of 2400 transactions per second.