NEO ECOSYSTEM
Neo is a public and global open source blockchain project that aims to facilitate the creation of a Smart Economy.
Neo, originally AntShares, was founded by "Da Hongfei and Erik Zhang. As co-founders of the non-profit Neo Foundation, the two oversee the ongoing development of the Neo blockchain and there are currently two Neo offices; a head office located in Shanghai, and a second office based in Seattle, U.S. Neo is a community-driven project, which has led to the creation and funding of numerous community development groups distributed around the world.
There are teams who earnestly contributed to the development of Neo's core infrastructure.
NEO'S SMART CONTRACT SYSTEM
A smart contract is a set of commitments that are defined in digital form, including the agreement on how contract participants shall fulfill these commitments.
Smart contracts is one of the most important characteristics of blockchain technologies and it also implies increasing the efficiency of our social structure by each passing day.
NEO'S DIGITAL IDENTITY SYSTEM
Neo identity refers to a decentralized identity solution designed for use in the Neo ecosystem. Digital Identity is a fundamental component in Neo's vision of the smart economy, required to allow identity information of individuals or organizations to be stored and verified in a manner that cannot be trusted.
NEO'S CONSENSUS ALGORITHM
Neo consensus is a mechanism to ensure that each node has a copy of a recognized version of the general ledger. Neo proposes and implemented a dBFT (delegated Byzantine Fault Tolerance) consensus algorithm based on PBFT (Practical Byzantine Fault Tolerance) which uses the AKKa. NET framework.
There are three types of consenus.
1.) Delegated Proof of Stake (DPoS): DPoS improves the PoS mechanism by introducing voting for delegates.
2.) Proof of Importance (PoI): PoI uses importance scores to select the one block harvester out of all participants.
3.) Proof of Authority (PoA).
A consensus algorithm is a process in computer science used to achieve agreement on a single data value among distributed process or system. There are types of consensus algorithm which includes:
* Proof of Work (PoW)
* Proof of Authority
* Proof of Stake (PoS)
* Direct Acyclic Graph (DAG)
* Byzantine Fault Tolerance (BFT)
* Proof of Capacity (PoC)
* Proof of Identity ( PoI)
* Proof of Activity (PoA) e.t.c.
INVESTING IN NEO
Given NEO'S unique stance in the Asian markets, it's hard to imagine anything but success for this platform. For now, BRO shares a top spot in the crypto market as one of the premier Dapp development platforms available.
NEO ECO- FRIENDLY BLOCKCHAIN
Neo is a blockchain developed to fully digitize assets and identities through smart contracts for the overarching goal of achieving a smart economy.
In the theory behind a smart economy, digital assets and digital identities are seen as being essential to improving the quality of life for everyone.
PINK PAPER DECENTRALIZED PUBLISHING
"Pink Paper decentralized publishing" is a potential concept where publishing is done in a decentralized manner using blockchain technology. In this scenario, content creators could publish their work on the pink paper decentralized platform, and their work would be stored on a blockchain. This would allow for a more secure and transparent publishing process, as the content would be publicly accessible and tamper-proof. Additionally, since the platform would be decentralized, there would be no central authority controlling the publishing process, which could potentially lead to greater freedom of expression.
Benefits of a decentralized publishing platform like Pink Paper
It provides greater protection for intellectual property. Because the content is stored on a blockchain, it would be virtually impossible for someone to steal or plagiarize it without being caught. The immutable nature of blockchain technology would also make it easier for authors to prove ownership of their work in the event of a copyright dispute.
In addition to these benefits, pink paper platform could also make it easier for authors to monetize their work. Instead of having to rely on traditional publishing companies or advertising revenue, authors could potentially earn cryptocurrency directly from readers who are interested in their work. This could help to level the playing field for independent authors who may not have the same resources or connections as more established writers.
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