NEO BLOCKCHAIN

  NEO is a cryptocurrency used to incentivize development of the NEO smart economy blockchain. NEO Community defines a smart economy as one that uses smart contracts to manage and secure digital identities. NEO has two native tokens. NEO is used to establish ownership and management roles in the blockchain, and NEO Gas is used to pay for transactions on the blockchain. 

In essence, NEO is a blockchain ecosystem designed to be used to build a smart economy.

  Furthermore, NEO aims to automate digital asset management through smart contracts, with the eventual goal of building a distributed, network-based, smart economy system using decentralized applications. 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.

  NEO was founded as AntShares by Da Hongfei and Erik Zhang in 2014. It was rebranded to NEO in June 2017. It is a blockchain-based platform that supports two native tokens, NEO and NEO Gas, and enables digital asset and smart contract development.

NEO originally described its smart economy system as:

Digital Assets + Digital Identity + Smart Contract = Smart Economy.

NEO uses the Public Key Infrastructure standard as a guide for managing identities by creating encrypted private and public keys used to verify identities. Digital identities can be verified using facial recognition, fingerprints, voice, SMS, and multi-factor identification methods.

NEO Community maintains a clear distinction from other standard blockchain platforms in its focus on being regulatory-compliant and a development platform for decentralized applications. It also uses a different consensus mechanism than Bitcoin and Ethereum, called delegated Byzantine Fault Tolerance (dBFT).

IS NEO A GOOD CRYPTO?

  Whether NEO is a good crypto depends on your risk tolerance, cryptocurrency outlook, and what you intend to use it for. It might increase in value, or it might not. NEO is designed to grant ownership and voting rights in the network but also has a market value. There were 50 million coins issued to project backers, and 15 million are held for contingencies. In addition, there are 20 million being used to incentivize developers and 15 million for cross-investing in other projects. No other coins will be issued, but NEO is available on some exchanges.

In a more simpler meaning and a recap of the above, Neo which is also formerly Antshares, is an open-source decentralized blockchain decentralized application platform founded in 2014 by Da HongFei and Erik Zhang. Since its rebranding to Neo from Antshares in 2017, the project's vision is to realize a "smart economy" by utilizing blockchain technology and smart contracts to issue and manage digitized assets.

The Neo network runs on a proof of stake(POS) decentralized Byzantine fault tolerant (dBFT) consensus mechanism between a number of centrally approved nodes, and can support up to 10,000 transactions per second. The base asset of the Neo blockchain is the non-divisible Neo token which generates GAS tokens. These GAS tokens, a separate asset on the network, can be used to pay for transaction fees, and are divisible with smallest unit 0.00000001. The inflation rate of GAS is controlled with a decaying half life algorithm that will release 100 million GAS over approximately 22 years.

A total of 100 million Neo were created in the Genesis Block. 50 million Neo were sold to early investors through an initial coin offering in 2016 that raised US 4.65 million, with the remaining 50 million Neo locked into a smart contract. Each year, a maximum of 15 million Neo tokens are unlocked which are used by the Neo development team to fund long-term development goals.

The core of the Neo feature set revolves around tools that allow developers to efficiently deploy and scale smart contract applications on the Neo blockchain. X.509 Digital Identities allow developers to tie tokens to real world identities which aids in complying with KYC/AML and other regulatory requirements.

Moving to Pink Paper Decentralized Publishing

Pink Paper is the Solid Standard for decentralized content publishing, through which your content will not only be available throughout the existence of the digital space, but at the same time, the only person who will retain ownership of the content is you.

Pink Paper is a decentralized and permission(less) publishing platform for individuals and communities worldwide to express their opinions and share the information with the rest of their communities. Users can come and publish blogs and other forms of content on the platform and showcase it to the world.

At the same time, one can raise funds for their endeavors on the platform allowing donating to world-changing technologies with the help of an in-built crowdfunding platform. Pink Paper will provide a decentralized and censorship-free platform for everyone to use and express their views about different topics.

Pink Paper founder and CEO Rupin Mathur joined the Neo Live AMA series to discuss the decentralized content publishing platform. Participants in the AMA shared rewards from a prize pool comprising ten Pink Panda NFTs.

Pink Paper allows individuals and communities to publish blog-based content while retaining complete ownership. The decentralized content publishing platform lets users tip creators, earn a reputation, and participate in crowdfunding opportunities. Currently, Pink Paper supports Ethereum, IPFS, Polygon, and Neo N3, and has acquired more than 1,500 users. Looking forward, Pink Paper intends to integrate NeoFS into its storage layer.

In the AMA, Mathur discussed his motivation for building Pink Paper, the benefits the platform can provide creators, using the Neo blockchain to tip creators, the utility of the Pink Panda NFTs, and more.

Linking both Neo Community and Pink Paper Decentralized Publishing.

  Pink Paper Decentralized Publishing should enhance every concept of NEO Community, by giving the body(NEO Community) a strong ground to fully establish it's mission globally.