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 >>
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 >>
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 >>
Neo Could Be A Dominant Blockchain It Could Also Be A Time Bomb
I struggle with NEO currently the sixth most valuable cryptocurrency . It could be headed for a dominant position in the crypto world, but it could also be headed for self-destruction. I cant figure out which. I dont react well to the line, Its the Ethereum of China, because, well, anytime you say something is the _____ of China, youre playing a bit of a marketing trick on people. Its an old one and it works, which is why people use it, but its a shortcut that creates hype and often masks the absence of a real business plan. On the other hand, companies touted as the Google of China, Amazon of China, and Facebook of China Baidu, Alibaba, and Tencent are hugely dominant and profitable. Its certainly true that the size of the Chinese market can make a success into an enormous success. NEOs architecture also gives us a lot to like and a lot to hate. Noam Levenson wrote a brilliant piece called NEO versus Ethereum: Why NEO might be 2018s strongest cryptocurrency , in which he outlines not just how NEO is like Ethereum, but how it is better. One of the most intriguing elements is how the platform token (NEO) is separate from the processor payment token (GAS). Another is its use of Delegated Byzantine Fault Tolerant algorithm instead of Proof-of-Work to achieve consensus and reward shareholders. Other NEO strengths include developer accessibility and scalability potential. But blockchain is first and foremost about decentralization, and NEOs technical architecture seems to come up short on that front. You can read a world-class takedown of the platform from the Store of Value blog. It does a pretty solid, factually-based job of proving that NEO is more centralized than Ripple, that the validator nodes are controlled by NEO, and that nodes arelegally liable to stay up, which 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 >>
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 (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 >>
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 >>
Neo Cryptocurrency: Everything You Need To Know About China Ethereum
NEO Cryptocurrency: Everything You Need to Know about China Ethereum By: Sudhir Khatwani In: Cryptocurrency Last Updated: The arms race to make the next killer cryptocurrency and blockchain app continues! Ethereum pioneered this trend and still aims to be the worlds only super-computer by hosting numerous smart contracts and DApps . <br /> Can't load widget<br /> Following in the footsteps of Ethereum, many new cryptocurrencies and blockchain projects have mushroomed up, some of which we have also discussed in the past (such as Straits , Waves , Counterparty , Ethereum Classic , etc.). All these projects offer something different, and thats why this booming world is so exciting! Recently, a new contender has joined the race NEO (formerly known as Antshares). In the last few weeks, if you were monitoring the altcoin market, then I am sure you heard about NEO. NEO is the cryptocurrency which has most recently given a powerful return to its investors, eventually reaching its all time high of $52 per token. I didnt cover it at that time because I was expecting a correction in price. A few days ago, the Chinese government announced a ban on ICOs which directly affected NEO a Chinese company. Now, I believe the price has finally corrected itself (around $35.73 at the time of this writing). Sowithout further delay, lets begin looking at this buzzing cryptocurrency. NEO is often referred to as Chinese Ethereum or Ethereums killer by many, but in thisarticle, I will not call it anything like that. I think many cryptoprojects have a great future because of their reasons for being built (i.e. the problems they solve). NEO is no exception. NEO is the first decentralized, open-source cryptocurrency and blockchain platform launched in China. Apart from th 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 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 >>
Will Neo Be Amongst The Top 3 Cryptocurrencies Of 2018?
Will NEO Be Amongst The Top 3 Cryptocurrencies Of 2018? Home All Posts ...Will NEO Be Amongst The Top 3 Cryptocurrencies... March 11, 2018 By Sandip 11078Views 5Comments Cryptocurrency market as a whole had experienced massive ups and downs in the previous year. As a large percentage of Altcoins are dependent on the movement of modern crypto-giants such as Bitcoin, a little volatility in its price and market cap can have a pivotal impact on several Altcoins. Besides, the competition for a decent price and position in the market is getting increasingly tougher and more complicated with the advent of new initial coin offerings (ICOs) that would be eventually tokenized into a legitimate cryptocurrency. Amongst nearly 1800 coins, 1541 coins are currently listed on Coinmarketcap (as per the data on 6th March 2018). Under such circumstances, even a layman in this field would be able to figure out why it is important for a digital coin to offer something unique to its users in order to ensure sustenance and progress. While most of the coins are suffering due to the capricious nature of this market, some cryptocurrencies are holding their ground with considerable equanimity and showing stability in their prices. NEO, the cryptocurrency developed in China, can certainly belong to the list of such stable digital coins. To many investors, this coin is popularly known as the Chinese Ethereum because of its similarity in technology with the blockchain network of Ethereum. Since 6th February of this year, NEO has exhibited a significant upsurge and is currently holding the sixth position on Coinmarketcap. Here, a few aspects of this coin would be discussed that can be the potential reasons behind NEO having a very successful 2018. Like Ethereum, NEO is a blockchain platform as well 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 >>
Chinas Largest Cryptocurrency Neo Invests Almost $3m In The Pkcs Of Pikciochain
Lausanne, Switzerland: In a major new partnership announcement, Pikcio AG, the creator of PikcioChain , has announced that NEO Council has purchased 660,000 of the PKC tokens made available during the PikcioChain pre-ICO. 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. Following the purchase, PikcioChain has also taken the decision to move the PKC token standard interface from ERC-20 to the NEO EP-5 format. 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, said Didier Collin de Casaubon, Founder and CEO of Pikcio AG. Weve been enjoying a very successful pre-ICO period in which we saw several major institutional investors interested in PikcioChain and the PKC token. NEO Councils token purchase is a perfect example of the success weve been having. The decision to move from the Ethereum format to the NEO format for the PKC tokens issuance is more than just a simple switch between underlying technologies. It represents the beginning of a new partnership that will see PikcioChain and NEO working closely together to provide secure personal data solutions to the worlds financial institutions. 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 enab 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 >>