What is NEO? 2020 Beginner’s Guide on NEO Cryptocurrency

A closer look at the crypto currency NEO:

How much potential is really behind it?

So-called crypto currencies are playing an increasingly important role in the international financial market and in investing, although the seriousness of these currencies, also known as fiat money, is still disputed. Crypto-currencies enable independent, digital payment transactions and this makes authorities such as banks increasingly superfluous.

The best-known crypto currency is Bitcoin, which has been traded since 2009. However, Bitcoin is increasingly facing competition from the crypto currencies Ethereum and others. In total, over 3,000 crypto currencies are used worldwide.

Competition for the top positions among the cryptocurrencies recently also comes from the cryptocurrency NEO, as the cryptocurrency AntShare has been called since August of this year.

But what is hidden behind the NEO coin, which is also called the “Chinese ethereum” in relevant circles?

Note: By simply owning NEO on your wallet, you can earn a small return (also called GAS), so to speak interest on your coins. How this works exactly is explained at the end of this report.

NEO – the young crypto currency with potential for advancement

Anyone who has been involved with the stock market lately has repeatedly stumbled upon the relatively young crypto currency AntShares, which has been called NEO or NEO coin since the beginning of August.

Within its still very short existence, Neo has already managed to climb into the top 10 of all crypto currencies.

But not only because of this, crypto insiders consider the young crypto currency NEO interesting and far undervalued.

NEO is said to be extremely dynamic, promises big profits and is a safe investment.

With regard to the NEO coin, one speaks of a value increase of 4000 percent in the recent past.

Expressed in dollars, the market capital of NEO has increased from 11 million to over 430 million dollars in the last six months alone.

Who is behind NEO and what makes this crypto currency so successful at the moment?

Who is behind the crypto currency NEO?

The marketer of NEO is a block chain platform from China. The NEO coin, formerly AntShares, has its own website in Chinese language.

Parts of it can be translated into English. Further translations are being worked on by the NEO community.

Connoisseurs have quickly noticed that NEO has parallels to the crypto currency Ethereum.

Nevertheless, NEO is not a Chinese copy of Ethereum. NEO can be used to regenerate digital valuables.

NEO also offers its customers a complete Turning Smart contract. NEO’s offer is altogether more complex than Ethereum’s.

Another advantage for the success of NEO is that the cryptomarket in China has been around for a long time and is well established.

On the global market, NEO is only gradually penetrating the consciousness of investors. NEO also has strong cooperation partners. These include Wings, Bancor, Microsoft and Alibaba.

In contrast to Ethereum, which uses the newly created programming language Solidity and therefore only smart contracts can be developed, Neo, on the other hand, offers a wider range of programming languages.

Using the compiler, the already established programming languages Microsoft.NET, Java, Go and Python can be compiled.

Thus the difficulty for developers to write Smart Contracts is considerably reduced.

Consequently, NEO has a much greater potential to attract a large developer community.

What is the difference to Ethereum vs NEO?

In addition to the already mentioned differences to Ethereum such as the regeneration of various valuables via block chain and the offer of complete Turing Smart contracts, the NEO coin also scores in other areas.

The delegatet Byzantine Fault Tolerance System, or dBFT for short, should be mentioned here. The reliable identity management system, the novel token system E-Contracts as well as the access option to other block chains and the implementation of fiat money are also worthy of mention here.

All of this speaks for NEO and makes this crypto currency so promising and dynamic for the future. It is to be expected that a lot will be heard about NEO coin in the near future. Who knows, maybe Neo will become a serious challenger for Bitcoin, Ethereum and Co.

NEO – a good investment?

Whether the NEO price will continue to rise as strongly as it has in the last few days (mid August 2017) is not certain and cannot be predicted.

Nevertheless, the NEO Coin offers some advantages compared to Ethereum. As Ethereum’s market capitalisation is currently already 20 times higher than the Antshares, there is definitely a promising potential.

NEO is increasingly traded in China. A lot of money is buried in this market and the cooperation partners are the largest online shop from China and also Microsoft.

This alone speaks for itself and opens a great future for this still young but already very successful coin.

In our opinion, the market capitalization will continue to rise strongly and maybe in the near future there will be more well-known supporters to push the current rally forward.

Buy NEO (Antshares)

You can exchange NEO (Antshares) for USD or Bitcoin on the trading platform bittrex.com, among other things. You can read here how this works exactly.

You can buy and trade Antshares / NEO on the following markets

How to create a NEO wallet is explained in our step-by-step guide.

Furthermore, it is possible to earn a small return on investment by simply having NEO coins on your wallet. This is also called GAS.

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