Firstly what is Neo : Neo is the use of blockchain technology and digital identity to digitize assets, the use of smart contracts for digital assets to be self-managed, to achieve "smart economy" with a distributed network.
Neo As A Digital Assets :
The Neo Digital assets are programmable assets that exist in the form of electronic data. With blockchain technology, the digitization of assets can be decentralized, trustful, traceable, highly transparent, and free of intermediaries. On the Neo blockchain, users are able to register, trade, and circulate multiple types of assets. Proving the connection between digital and physical assets is possible through digital identity. Assets registered through a validated digital identity are protected by law.
Neo has two forms of digital assets: global assets and contract assets. Global assets can be recorded in the system space and can be identified by all smart contracts and clients. Contract assets are recorded in the private storage area of the smart contract and require a compatible client to recognize them. Contract assets can adhere to certain standards in order to achieve compatibility with most clients.
Neo Digital Identity:
Digital identity refers to the identity information of individuals, organizations, and other entities that exist in electronic form. The more mature digital identity system is based on the PKI (Public Key Infrastructure) X.509 standard.
Neo Smart Contract:
The NeoContract smart contract system is the biggest feature of the seamless integration of the existing developer ecosystem. Developers do not need to learn a new programming language but use C#, Java and other mainstream programming languages in their familiar IDE environments (Visual Studio, Eclipse, etc.)
Neo Application and Ecosystem:
Ecosystem is the vitality of the open source community. In order to achieve the goal of an intelligent economic network, Neo will be committed to the development of its ecosystem, providing mature development tools, improving development of documents, organizing education and training activities, and providing financial support
Neo Governance mechanism:
NEO token holders are the owners of the network and are able to participate in governance. NEO holders also receive passive distribution of the network utility token, GAS - No staking required. GAS rewards are increased for voting participation
Benefits Of The Neo Blockchain:
1. Smart Economy
Smart economy is one of the selling points of NEO. It is entirely different from what other cryptocurrencies have to offer, especially Ethereum. The smart economy consists of digital assets, digital identities, and smart contracts
2. Digital Identity
So, what is digital identity?
Digital identity is a way of registering any organization, individuals or other entities that can own an asset. It is powered by a system known as Public Key Infrastructure(PKI).
3. Smart contracts
To enable the whole infrastructure to work developers can use smart contracts Unlike Ethereum, creating smart contracts on NEO doesn’t require you to learn a new programming language. This means that any developer can get started and build a smart economy on NEO platform.
The ability to use any programming language is done thanks to the NEO’s Universal Lightweight Virtual Machine. It is also known as NeoVM. The virtual machine offered by NEO platform is efficient, certain and scalable
Benefits of Neo Blockchain Platform
1. Smart Economy
Smart economy is one of the selling points of NEO. It is entirely different from what other cryptocurrencies have to offer, especially Ethereum. The smart economy consists of digital assets, digital identities, and smart contracts.
2. Digital Identity
So, what is digital identity?
Digital identity is a way of registering any organization, individuals or other entities that can own an asset. It is powered by a system known as Public Key Infrastructure(PKI).
3. Smart contracts
To enable the whole infrastructure to work developers can use smart contracts Unlike Ethereum, creating smart contracts on NEO doesn’t require you to learn a new programming language. This means that any developer can get started and build a smart economy on NEO platform.
The ability to use any programming language is done thanks to the NEO’s Universal Lightweight Virtual Machine. It is also known as NeoVM. The virtual machine offered by NEO platform is efficient, certain and scalable.
4. DApps
NEO lets developers create dApps without learning any new programming language. That’s a huge boost when it comes to development costs. It also ensures seamless integration with 3rd party apps and services.
5. GAS
GAS is the most beneficial advantage of NEO platform. It can be defined as the NEO’s asset pairing. So, what does that mean? This means that NEO holders will receive GAS. It is a dividend that is paid for holding NEO.
It is distributed according to a formula. If you have NEO in your wallet, you will get GAS every day.
For More Information About Neo :
https://neo.org/
In Summary:
Neo is a distributed network that combines digital assets, digital identities and smart contracts. The Neo system will use DBFT, NeoX, NeoFS, NeoQS and many other original technologies, as the infrastructure for the intelligent economy of the future.
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