Initially, the open source NEO project was called Antshares, it appeared in October 2016. Actually, after rebranding to NEO, the project gained large prominence. Some people call this platform Chinese Ethereum. The infrastructure is better than their competitors supports digital identification, and can also decentralize their assets without problems. With the name, the startup changed also the blockchain gates and technical documentary, and also the bow ticker. Neo got the new smart contract concept, that was called NEO-2.0 For a long time, NEO showed the high growth of the effectivity and the popularity as well.
The Chinese creation Neo got the seventh place on Coinmarketcap really quick. That’s why NEO is a serious concurrent for the existing cryptocurrencies on market. So that means that NEO got perfectly good chances to get even higher.
World market got just 50 millions of all the potential of NEO tokens. The NEO project seems like going on. Where did NEO come from? The birthday of NEO can officially be the year 2014. Its father is the director of Shanghai company OnChain- Da Hongfei. Exactly in 2014, he starts a project AntShares.
In August 2017, officially starts a history of NEO with its actual name.
What are NEO Digital Assets?
You need them to have a possibility to create your own currencies or even turn goods into digital assets. It is worth to admit that there is support for programming languages (C, Python, Java), that allows you to use the blockchain capabilities in existing systems and not waste time learning a new language. On the basis of Neo, you can implement your private blockchain. A little more about NEO coins Neo system has a native asset named Neo Coin. There is also a native token for NeoGas. It is similar to Ethereum tokens. Pay with it for smart-contracts, shipping transactions, and data storage.
What are Smart Contracts in NEO System?
Smart contracts are used to run operations and create your own apps. Just like in the Ethereum blockchain, It allows executing operations automatically.
What is Digital Identity for?
You must be sure in your service Digital Identity is the thing that can allow this. It also allows users to provide decentralized identification. So, your ID is now encrypted. You can use your ID to make purchases.
What is good about NEO?
The company creator of NEO is public. NEO has collaborations and contracts with giant corporations. The specter of functions is even more than by Etherium and gives more space for providing operations. That makes NEO just perfect for developers. OnChain works on the legalization of crypto. Because of this, there is a high possibility, that the big investors will be interested in NEO currency that leads to its even more active capitalization.
What is NeoX?
If you want to create and implement cross chain NEO blockchain gives you this option. There is a technology, called Atomic Swaps that you use to exchange cryptos without any middleman.
What is NeoFS?
All the files can be stored directly in the blockchain with the technology of Neo File Storage. There is always some troubles with free space for node-holders. So, NeoFS was made to solve this problem. It was built on the Distributive Hash Tables and old blocks will be stored right in it. With your DigitalID, no matter if you are a regular user or you want it for your company, store infos on the blockchain, and that is it.
Delegated Byzantine Fault Tolerance Protocol (DBFT)
NEO is running on DBFT, a protocol that currently consists of 7 approved nodes which can vote in the blockchain. The consensus mechanism was invented as a solution for the so called Byzantine general problem (BGP). This problem implies vulnerabilities to node manipulations in the network. By limiting the effect to the BGP, DBFT resolves the issue and also allows to move the NEO platform through the complete decentralization.
Safe place to manage NEO
It is comfortable when you can keep all in one place, right? To make it effectively the Wallet is a must-have thing. One of the best options is Atomic Wallet. One safe place to store your crypto. This wallet is secure. No private key will fly away from your wallet and also it is encrypted. The user-friendly interface of Atomic Wallet makes managing your NEO quick and easy. Atomic Wallet is more functional than that, that you keep in your pocket. Here you got an interactive platform with the possibility of exchanging the currency. Atomic Wallet is a multi-asset wallet, that means you can keep over 300 coins just on one system.