Neo Is Either A Raging Success Or A Total Disaster
NEO Is Either a Raging Success or a Total Disaster What to make of NEO? The Chinese blockchain is, on paper, the most successful Asian cryptocurrency project to date. Its listed on most major exchanges, boasts high trading volume, hosts numerous ICOs and has smart contract functionality. Not everyone is impressed though. Critics have called NEO a centralized, expensive, and unusable disaster. So which interpretation is true? NEO founder Da Hongfei is a man of few words. Despite having a Twitter following of 40,000, hes tweeted just 71 times, averaging one message a month. On February 28, the CEO broke his silence to declare his satisfaction at having the first blockchain to be given an A-class rating by Weiss. The ratings agency has previously come in for criticism for awarding no cryptocurrencies an A and bitcoin a C. In a blog post, Mr Weiss himself Martin D. Weiss PhD hit back at the haters, writing : I kind of expect it when we give a disappointing grade to a coin they love. Like Bitcoins C+, for example. But it seems the fury can be equally intense when we give a good grade to a coin they hate. In fact, thats what we just saw happen this weekend with another explosion of buzz on the Internet about the Weiss Cryptocurrency Ratings. This time all about NEO. Mr. Weiss naturally revels in the controversy any publicity is good publicity for his company after all. Had Weiss Ratings previously awarded bitcoin and other blockchains an A, its decision to follow suit with NEO would have provoked little attention. But it didnt. And so it has. Granting NEO an A confirms, in the eyes of critics, that Weiss a company with no background in cryptocurrency doesnt understand the industry it is judging. What sort of skewed ratings system places one of the worlds most centralized cry Continue reading >>
Neo Up Lunar New Year In Full Swing | Big News In Store For The Coin
NEO, Chinas Ethereum, Soars as the Lunar New Year Kicks Off The cryptocurrency market has remained strong towards the end of this week and is still climbing. Currently, the total market cap is just under $ 500 billion . The last time the market was this high was on the last day in January. The top 10 coin that is seeing the most gains on today is NEO. NEO, Chinas Ethereum, is soaring on the market today and it might have a lot to do with it being the first day of the Chinese New Year. This celebration lasts over two weeks long and follows the Lunar calendar every which means it doesnt start on a particular day every single year, as our Christmas does. Traditionally, Chinese families get together on New Years Eve and enjoy a dinner together and then they clean their houses the next day to sweep away any bad fortune from the year before. Why NEO may be soaring in price right now is typicallychildren, and teens receive red envelopes stuffed with lucky money on New Years Day. Due to everything become digital now, China has red envelope apps, and the money is sent digitally. Some of these young adults may have taken their gifts this year and invested in one of Chinas most popular cryptocurrencies. NEO is a blockchain based platform that enables smart contracts and allows decentralized applications to be built on top of it, very similar to Ethereum. However, NEOs CEO and founder, Da Hongfei, spoke at NEOs DevCon conference this week and unveiled an application group they will target. This must have given some confidence to NEO holders as Hongfei claimed that NEOs blockchain was perfect for hosting decentralized cryptocurrency exchanges. Decentralized exchanges would need lightning fast transactiontimes, interoperability, digital identity, a stable coin for universal pairs an Continue reading >>
Neo Versus Ethereum: Why Neo Might Be 2018s Strongest Cryptocurrency
Former IDF fighter, writer, and blockchain investor NEO versus Ethereum: Why NEO might be 2018s strongest cryptocurrency NEO is a platform with a purpose. Can it compete with Ethereum? Or better yet, does it even need to? NEO and Ethereum which pill will you take? Sorry, couldnt help myself. We care about this debate because were investors. From a developers perspective, functionality is the most important. There is no brand loyalty in blockchain yet. So if a platform can do something better than its competitors, it will win over developers. So which one does it better? This article is long because I have chewed through all the information I could find about NEO and Ethereum and digested it for you. There are lots of articles summarizing the differences between Ethereum and NEO, but they do the debate little justice. They skim over things, dont explore them well, explore only one aspect, or arent holistic in their analysis and dont explain why the differences even matter and what their relevance to the real world is. I was frustrated by the lack of a comprehensive article. This article is my response. I will admit that I explore NEO more in-depth than Ethereum. This is because so much information is widely available for Ethereum. With NEO, there is much less. As such, I focus on explaining NEO and then comparing that explanation to Ethereums capability. So bear with me, grab yourself an espresso and lock yourself in that room you do work in. This will be well worth your time. I also wont blame you if you just read the TLDR Too Lazy, Didnt Read under the articles. If Ethereum is Goliath, Neo is David. If Ethereum is Brad Pitt, NEO is Brad Pitts cousin, Zach Pittyounger, better dressed, and more talented but right now relegated to serving cocktails to Brad and his friend Continue reading >>
Neo (neo) Worst Hit By Chinese Cryptocurrency Ban
Neo (NEO) Worst Hit By Chinese Cryptocurrency Ban NEO Worst Hit By Chinese Cryptocurrency Ban Neo (NEO) has won itself a special place at the heart of the Chinese people earning it the name Chinese Ethereum . At a time when almost every cryptocurrency is getting jittery about the actions of the Chinese government towards the booming cryptocurrency market, it is wonder how the NEO cryptocurrency will continue stealing the show in China. In addition to the ban on cryptocurrency trading in China, there have also been fears of companies behind cryptocurrencies having to refund the amount they collected using the Initial coin offering (ICO). Taking into consideration that most cryptocurrencies gather their initial funds to support the project through ICO, refunding can be a devastating move and it could cripple many crypto coins. Is Neo (NEO) being affected by the cryptocurrency ban in China? The ban of cryptocurrency trading in China has started biting even amid expectations that the ban may be lifted soon . But at the moment, cryptocurrencies are bleeding. The most worrying part is not on the trading ban, but the talk about refunding the ICO obtained funds . NEO is an ICO cryptocurrency and there were hopes among the Chinese investors that NEO cryptocurrency would offer a better ICO platform. NEO is seen to follow the regulations set aside for cryptocurrencies and investors are confident that it will be exempt from the ban by the Chinese government. But it is interesting that even with the contract law and legal use of digital signatures being set on 2007, there are no clear rules on how to use the ICO and it will be tricky to regulate them although the Chinese government seems very determined. We dont know how long this will continue. We only hope that the rumors in the Continue reading >>
What Is Neo And Could It Be 'the One' Cryptocurrency To Invest In?
Why critics are skeptical of TRON, the buzzing cryptocurrency Antshares was founded with the intention of starting a Chinese-based platform for a smart economy. In NEO-speak (which there is a lot of), the future will have a decentralized economy where trade agreements are written in programming codes called smart contracts. Both NEO and its competitor, Ethereum , make use of smart contract technology. We covered them in depth here , but in short, smart contracts are computer programs that directly control the transfer of digital assets between parties under certain conditions. In the NEO world, smart contracts are called NeoContracts, and they are fueled by NEO Gas. (More on that in a minute.) The NEO platform operates through something called the Delegated Byzantine Fault Tolerance (dBFT) consensus protocol. Dont worry, even this redditor who has a degree in computer science had trouble understanding it. Basically, NEOs platform works when a consensus is reached under certain conditions. Like other cryptocurrencies, the dBFT uses community voted delegates who speak on behalf of groups of NEO users. The delegates work together to come to a 66 percent agreement on decisions about the coins ledger. Becoming a delegate requires collecting enough NEO coins to qualify. NEO is not divisible, meaning it cannot be divided into micro coins, like when people buy .0001 bitcoins. Its more like a stock. The most popular Bitcoin scamsand how to avoid them Other uses for NEO coins include allowing shareholders (anyone who owns NEO) to collect a commission on platform revenue and to generate NEO GAS (or Gas). Neo Gas is the second cryptocurrency in the NEO platform. Gas is divisible, and it can be used to pay for smart contracts and transactions. Hence, it can be purchased in markets. Continue reading >>
Chinas Largest Cryptocurrency Neo Shows Its Support Of Pikciochain
For all news on PikcioChain visit our Medium page at Chinas Largest Cryptocurrency NEO shows its support of PikcioChain We are pleased to announce that NEO Council has purchased 660,000 of the PKC tokens made available during the PikcioChain Token Pre-Sale, amounting to an estimated worth of 3 million U.S. Dollar. This significant investment demonstrates the confidence that one of the blockchain worlds major players has in PikcioChain technology and the utility of its PKC token. This investment also supports the beginning of a larger partnership. NEO will now offer PikcioChains service technology on its own blockchain and will provide technological, sales and marketing support for a new, Chinese subsidiary of Pikcio AG. This is an extremely exciting time for everyone at PikcioChain. Weve been enjoying a very successful Token Pre-Sale period in which we saw several major institutions interested in PikcioChain and the PKC token. NEO Councils token purchase is a perfect example of the success weve been having. At a time when regulators require increasing amounts of information regarding investors and clients, and simultaneously, individuals are demanding greater control of their personal data, PikcioChain offers a highly secure, distributed and potentially revenue-generating solution for KYC and other processes that enables companies to meet both of these expectations. Visit our website: Continue reading >>
8 Answers - Will Neo Cryptocurrency Survive After The Recent News That The Chinese Government Has Banned Icos?
Will NEO cryptocurrency survive after the recent news that the Chinese government has banned ICOs? Why NEO will be here to stay although the Chinese government banned ICO? #1 The ICO ban is a response to the increasing number of scams, speculation, and Chinese shit-coins popping up. It is not a ban of cryptocurrencies like NEO , BTC or ETH. #2 NEO strives to be a bridge to the old financial system, with smart contracts, certificates, identity and legal compliance. While NEO is an open source blockchain project, without the support and cooperation of the Chinese government, it likely cannot succeed at scale. #3 NEO is already tackling many of the scaling issues that tripped up Ethereum. Tackling issues before massive market exposure will be a positive for the digital currency in the future. #4 NEO has partnerships with companies such as Microsoft and WINGS. #5 At the time of writing, the only American exchange you can buy on it Bittrex by using Bitcoin as payment. Starting from Thursday, it will be listed on Korean exchange. #6 NEO has adopted a very similar operation strategy to Ethereums, but with clear differences that have proved advantageous. To start with, it is compatible with multiple languages like Microsoft - Official Home Page , Java, Kotlin, Go & Python. That simply means NEO attracts a lot more developers. #7 Professionalism and legitimacy The ICO recall storm has taken has reached a fever pitch today NEO Council has decided to allow refunds for NEO purchased during their ICO rounds (pre-rounds, ICO1 and ICO2). #8 NEO is positioning itself, (alongside Ethereum), at the forefront of blockchain tech with its innate support for digital identity-backed smart contracts, ability to communicate with other blockchains through a cross-chain protocol, quantum resista Continue reading >>
Why Is The Neo Cryptocurrency Soaring Today?
Why Is the NEO Cryptocurrency Soaring Today? A well-respected ratings agency gave its first "A" grade to the Ethereum of China. Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life. Hypoallergenic. Contains six flavors not found in nature. Believes in coyotes and time as an abstract. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The NEO cryptocurrency traded 17.2% higher on Monday morning, according to a reading from Coinmarketcap at 11 AM EST. On a day when most of the major digital currencies were up no more than 7%, that's a significant jump. So what's going on with this large, but not terribly well-known, e-currency today? NEO is the sixth-largest cryptocurrency currently, sporting a $8.7 billion market cap. The tokens are worth $135 each as of this writing, up from $0.11 a year ago. That's a 1,200% return over 52 weeks. It's safe to say that NEO caught the broader market's cryptocurrency fever in 2017. The digital coin's design is closer to Ethereum than bitcoin. NEO's stated goal is to create a smart economy based on a decentralized network of blockchain contracts and digital assets. In other words, NEO isn't meant to replace traditional currencies as much as it intends to modernize how money flows through the global economy. In particular, the support for smart contracts is the basis of a programming platform that lets developers build applications with direct support for NEO coins and their digital contracts. Diving just one level deeper, a smart contract lets buyers and sellers set up specific terms that must be met before transferr Continue reading >>
China's Largest Cryptocurrency Thrives Despite Intense Crackdown
Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. China's Largest Cryptocurrency Thrives Despite Intense Crackdown NEO Founder Da Hongfei discusses regulation and the future for crypto currencies. A digital coin from China that takes its name from a character in The Matrix has become one of the worlds most valuable cryptocurrencies. And its done so by defying many of the principles that underpinned bitcoins meteoric rise. value ,ranking 12th globally despite hailing from a country thats banned digital coin issuances in one of the worlds harshest crackdowns on crypto-speculation. But founder Da Hongfei, 37, thinks Beijing is mostly done and he can focus on developing his underlying technology. Da designed NEO to be a rival to ethereum: a decentralized ledger that lets companies issue tokens and set up smart contracts or programs. For now however, NEOs still controlled by a handful of people -- mostly the co-founders and staff -- who decide who they work with. Thats a long way from the libertarian ideal of bitcoin with its open network of thousands of miners. But Da says the plan is to move to a similar system as soon as 12 months from now. We want to be the place people go to when they want to do serious and reliable transactions, Da said after an interview with Bloomberg Television on Thursday. Da, a self-taught Continue reading >>
The Rise Of Neo: Chinas Answer To Ethereum Takes The Market By Storm
The Rise of NEO: Chinas Answer to Ethereum Takes the Market by Storm The year of the altcoins is in full swing. Currently, altcoins hold 66.5 % of the total cryptocurrency market cap. Just ayear ago, Bitcoin (BTC) held 85.16 % percent of the total market. The rise of NEO is something worth paying attention to. The altcoin has been taking the market by storm this past year, and even more so today. A project that has begun standing out among the rest of the pack most recently, is NEO (NEO). The team behind the project named the coin after a character from the popular movie, the Matrix. In just a year, the coin is up a staggering 123,000%. Right now, it is holding the 7th spot on the total cryptocurrency market cap, just barely under Stellar (XLM). At press time, NEO is selling at $160.00 a coin, up 7.21%, in 24 hours. Many are calling NEO the Ethereum of China and it has quickly become the largest cryptocurrency within the country. Despite the countrys attempt to crack down heavily on cryptocurrency exchanges and Bitcoin mining recently, along with trying to flat-out banInitial Coin Offerings (ICOs), the digital currency has continued to rise. NEOs founder, Da Hongfei, is a self-taught coder and recently told Bloomberg that he believes Beijing is mostly done with its crackdowns and he will now focus on developing his underlying technology. NEO is designed to be Ethereums rival and aims to be a decentralized ledgerthat allows companies to issue tokens and set up smart contracts. Both projects focus on a smart economy and are an ICO platform. With Chinas stance on ICOs, the fact that the government has yet to take any action on NEO is a great sign that it is in compliance with the countrys rules. Currently, NEO has several ICOs launching on itsplatform such as RedPulse and Continue reading >>
Is This What Neo Believers Have Been Waiting For?
Is This What NEO Believers Have Been Waiting For? NEO is quickly gaining ground as a popular cryptocurrency especially with its current performance. For instance, the price of NEO has been showing strong gains, especially towards the end of January where most other coins (including Bitcoin) were struggling. NEO comes roaring back with a 12% gain as crypto market stabilizes after a brutal selloff. The strong rally led NEO to beat Litecoin and take the title of the worlds 6th most valuable cryptocurrency by market cap . Its sibling GAS coin has also not been left behind. Both coins have recently been at the center stage receiving the attention of developers in conferences and live web shows. Granted, both altcoins boast a strong marketing team but is there a real chance for NEO to be established as a smart and practical Blockchain ecosystem and be used for real-world transactions? Well, lets check out what has been happening in the NEO space. Now that NEO coin is gaining popularity, developers have started creating wallet software that enables users to store their NEO safely. Whether you are an android or IOS user there are a variety of options available. However, one particular developing NEO wallet posses even more potential. Reportedly NEO is working on a new and decentralized crypto exchange and wallet by the name Neon. It will serve as the wallet for NEO with a unique design that offers the basic functionality of a wallet without requiring users to download the entire Blockchain to their mobile device. Furthermore, reports also indicate that that NEON (a decentralized crypto exchange) will combine NEOs Blockchain with an off-chain matching engine to enable much faster and more complex trades than existing decentralized exchanges. NEON will also support ERC20 tokens Continue reading >>
Neo And Blockchains Across China
The developers of NEO are looking to spread blockchains across all of China. Their company,Onchain, has developed a Distributed Networks Architecture (DNA) to allow for the easy implementation and development of standardized blockchains. They want every interested field to easily be able to migrate their data and assets onto a private or public blockchain. The founder, Dr. Da Hongfei said , We want to be the place people go to when they want to do serious and reliable transactions.Onchain and NEO are not only succeeding in their vision, but they are set up to thrive within the regulations of the Chinese government. On the surface, it seems as if cryptocurrencies and China dont always get along. Two things are infinite: the universe and the number of times China can ban Bitcoin, and Im not sure about the former. There is a 50,000 USD yearly cap on moving money out of China without special permission. People found a loophole in this system by buying cryptocurrency and easily moving funds and accessing them anywhere in the world. The Chinese government tried to close this loophole through the banning of online exchanges. The government was also worried about the levels of speculation, thinking back to their recent stock market crash . After China banned exchanges and ICOs, interest in cryptocurrency didnt simply roll over and die. People moved to a p2p model, making local transactions, often referred to as the over the counter market. Heres a look at the change in volume on localbitcoins around the time of the bannings. People would also organize trades on WeChat, the most popular chatting service in China. This was especially convenient at first since users could use WeChat Pay to send each other fiat currency. Government monitoring of WeChat led to increased popularity Continue reading >>
Neo: What You Need To Know About 'smart Economy' Cryptocurrency | Inverse
Filed Under Bitcoin , Blockchain , Money & Power Neo is taking the world by storm. Since its launch by Da Hongfei in 2014, its skyrocketed to become Chinas largest cryptocurrency. Its creators have big plans to power a new smart economy, where assets are traded in a public ledger and people write smart contracts that shift money around when certain conditions are met, a lot like a computer program. We want to be the place people go to when they want to do serious and reliable transactions, Da said in a Bloomberg interview earlier this month. The market is clearly excited. From a December 25 price of $59.94, the price of one NEO token has soared to a Thursday price of $136.75, a staggering price increase of 128 percent. Neos market cap now rests at $8.8 billion, placing it as the eighth-largest cryptocurrency in the world. Neo has big goals in mind. To quote the company site: NEO is a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a smart economy with a distributed network. It shares a lot of similarities with Ethereum, the second-largest cryptocurrency. Both are interested in powering a smart economy, where the blockchain powers other peoples ideas for ways to shift assets around. Ethereums Dapps have enabled developers to run their own ideas off the network, but Neo has a different approach in mind. Ethereum did it first. It was revolutionary and exciting and took the crypto world by storm, writes Noam Levenson, CEO of Eden Block in a December article. Today almost every ICO is built on Ethereums ERC20 token platform and Vitalik Buterin is one of our times greatest minds. Yet if weve learned anything from the fa Continue reading >>
The Neo Guide - Key Information You Need To Know About The Crypto | Newsbtc
If you are unfamiliar with NEO, it is one of the largest and most significant coins in the cryptocurrency industry. This guide can help you learn many of the key things that are good to know about NEO. Market Cap As of February 12th, 2018, the market cap of NEO is $7,283,445,000 . This market cap makes NEO the seventh largest cryptocurrency by overall market capitalization. It stands behind Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, and Litecoin in this regard. Price On February 12th, 2018, the price of NEO was $112.05 per coin. This price made NEO a relatively average priced cryptocurrency. This is because there are coins that cost thousands of dollars such as bitcoin, and then there are those that cost less than a dollar, such as Dogecoin and Loopring. So, NEO falls somewhere in the middle of the price range for cryptocurrencies. Origination NEO was created by Chinese developers, Da Hongfei and Erik Zhang in 2014 . It was designed to create a so-called smart economy. NEO aims to do this by enabling smart contracts and decentralized apps, or DApps, to be facilitated on its blockchain. So, essentially, the goal of NEO is not just to be a decentralized cryptocurrency, but also a platform for businesses to leverage the blockchain for various processes. When NEO was created, it was originally called Antshares. However, people behind NEO, soon changed the name, because they felt that Antshares was not catchy enough. They renamed their coin NEO, because in Greek, NEO means new and young, and because NEO is the name of the protagonist hero in The Matrix. Like NEO in The Matrix, many people believe that NEO coin is the one that will truly change the system. Similarities to Ethereum NEO is often referred to as the Chinese Ethereum. This is because Ethereum is also both Continue reading >>
Why China's Neo Can Do What No Other Cryptocurrency Can
Why China's Neo Can Do What No Other Cryptocurrency Can By Shobhit Seth | March 13, 2018 3:00 PM EDT Amid recent bans imposed by China, Neo has the potential to emerge as the cryptocurrency of choice in the heavily regulated nation, and perhapsacross the globe. (For more, see China Intensifies Crackdown On Bitcoin Mining .) Since itsinception, Neos Onchain technology was designed to be regulator-friendly with a centralized approach that is quite different from most other cryptocurrencies. This article explains the technology behind Neo and Onchain, their relationship, how they differ from standard blockchain technology, and what potential synergies and opportunities lay ahead, including the rumor that they may yet winacceptance by the Chinese government. Neo was originally founded as "AntShares" by Da Hongfei and Erik Zhan in China in 2014, and was rebranded "Neo" in June 2017. It is a blockchain-based platform that supports its own cryptocurrency and enables development of digital assets and smart contracts. Neo aims to automate the management of digital assets through the use of smart contracts , with an eventual aim of building a distributed network-based smart economy system. (For more, see Are Smart Contracts the Best of Blockchain? ) Neo theoretically describes its Smart Economy System as (Digital Assets+Digital Identity+Smart Contract = Smart Economy) Assets can be easily digitized on the Neo blockchain in an open, decentralized, trustworthy, traceable, and transparent manner that is free of intermediaries and associated costs. Users are able to record, buy, sell, exchange, or circulate various kinds of assets, as Neo provides the necessary platform for linking the physical asset with an equivalent and unique digital avatar on its network.Neo also supports prote Continue reading >>