Review on Neo by Özgün A
Is NEO an opportunity for the future?
NEO, which supports smart contracts, is also called China's Ethereum.
It has a rewarding system called GAS. Owners of NEO earn awards in the form of GAS and can purchase GAS if they wish.
So who is behind NEO?
Onchain, a research and development company, supports NEO. So as we said, it is one of the leading companies in China. Also, Onchain has a partnership with Alibaba. That's why I think NEO will gain much more value in the coming years. With Microsoft, Onchain started a consortium called The Legal Chain. In other words, very large companies support this project. This refreshes the trust in the project. China does not accept Bitcoin as a currency. Of course, a currency supported by China, the world's most revered country, will be among the leaders.
Now let me talk about some interesting features of NEO coin.
Unlike most cryptocurrencies, NEO coins cannot be split. So there is no such thing as 0.1 NEO Coin
- You can think of NEO as a company's stock
NEO has a second currency. This is called GAS.
- GASs are not like NEO. Fissile.
Because NEO allows people to code in many languages, software developers have already started developing on NEO.
In short, a cryptocurrency supported by trade giant China will not be easily destroyed. So you can trust.
Pros
- Has a reward system
- Directly backed by the trade giant China
- Can be integrated into businesses with smart contracts
- It has the support of global giant companies such as Alibaba and Microsoft.
Cons
- Not yet among the top 20 cryptocurrencies
