Review on Neo by Fabrizio Zampieri
NEO is considered as China’s Ethereum. Infact it offers smart contracts. The co…
NEO is considered as China’s Ethereum. Infact it offers smart contracts.
The co-founder Dong HongFei and his team changed the project's name to NEO from Antshares. When they changed the name they changed a lot of tech as well.
What sets them apart is that they are allowing smart contracts to be written in many already established languages. NEO is open source and they have two core developers. They also have done a lot of work with digital assets.
Pros
- A huge pro for NEO is that platform has established in China. China is the largest cryptocurrency market and they have the largest amount of exuberance for cryptos. NEO has established corporate collaboration and governmental collaboration as well. This will prove to be beneficial when legislative challenges start affecting crypto currencies. NEO has a strong development in smart contracts field. NEO's team has had success in developing digital assets that being its focus in 2016 when it was called Antshares.
Cons
- Currently, everyone is fighting to be root chain. Now, there can be several root chains. I don't think there needs to be just one going forward but there is not going to be 20 root chains in the future. Most companies and services will decide to use one and adopt it. This means that NEO could be thrown to the side if no one decides to build on it. Legislative unknowns should make NEO be approached with caution as well as all currencies built in the very strict governmental system of China. Anything that takes away power from governments is going to have friction.
