New Neo, or the so-called Chinese Ethium, has developed a new concept at the time of its inception, which includes the smart economy, which involves the effective handling of smart contracts, digital assets, and digital identity.

Receive lines coming on the light, through the following points

What is the NEO digital currency project?

What are the goals of the NEO project?

How does NEO work and what is the technology behind it?

What are the uses of NEO digital currency?

NEO transaction fees



What are the benefits of the NEO project?



The security of the NEO project

Who is behind the development of NEO?

What financial institutions use NEO?

Wallets that support NEO

Frequently asked questions about NEO

What is the NEO digital currency project?

NEO is the native digital currency of the NEO blockchain. Originally known as Antshares, the NEO project was created in 2014 by developer Da Hongfei and Erik Zhang. It was rebranded in 2017. After rebranding the project in 2017, the goal of the NEO project is to create a smart economy that involves harnessing smart contracts for the efficient distribution of digital assets.

Since the rebranding, NEO reached its highest price so far in January 2018, at $196.85. Currently, NEO ranks 20th against other cryptocurrencies by market capitalization

What are the goals of the NEO project

Perhaps this question could be better formulated in the following form:



Why was I renamed NEO?

The purpose of the project has been replaced with the goal of creating a smart economy. On their website, the "NEO" project states that it is leveraging the intrinsic advantages of blockchain technology to realize the optimal digital world of the future. This means that they mean their concept of smart economy.

How does NEO work and what is the technology behind it?

The smart economy that NEO is talking about is defined as the combination of digital assets, digital identity and smart economy. The project wants to promote the transfer of traditional assets to digital assets. These assets will be decentralized and transferred via a smart contract. The digital ID will be an electronic mark of the persons or companies to which assets can be attributed.

What are the uses of NEO digital currency?

NEO doesn't have many purposes outside its network. It can be exchanged for other cryptocurrencies in the trading platforms, but it is best used over the network, because for all its features, it is much more than just a currency. The NEO coin is able to generate GAS tokens which are vital for developers who create and run dApps on the network.

NEO transaction fees

oNEO transactions do not carry a fee, these fees are paid using GAS digital tokens. The GAS tokens are generated by the NEO tokens. Once NEO is purchased, the process of generating GAS digital tokens begins.



This means that if handled properly, the only real cost you will have to incur is the upfront cost of buying the currency in the first place. However, during the process of purchasing NEO tokens, some fees must be incurred as a result of having to use online exchange platforms. It is rare to be able to exchange fiat currencies directly for NEO, so the most common way to get them is to buy a more readily available cryptocurrency such as Bitcoin or Ethereum.



Once you have some of these coins, you can trade for NEO on the cryptocurrency exchanges that support it. You will likely incur a deposit fee, depending on your payment method, and there will also be trading fees when exchanging currencies.



What are the benefits of the NEO Project? 



Smart economy is one of the main benefits:



By digitizing traditional assets, one can enjoy all the privileges and security of a typical digital asset built on the blockchain. The NEO blockchain supports writing code in most languages ​​and creating a smart contract does not require the developer to learn a new coding language. Since the NEO blockchain is compatible with most programming languages, this makes the NEO network more attractive to developers and thus increases its adoption and growth potential.



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