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The NEO digital asset platform was previously called Antshares. But in recent times, a complete rebranding has been made. In addition to the name change, the startup updated blockchain nodes and technical documentation, as well as the stock Ticker. In addition, the official website and social media were redesigned. The transition to a new version of the smart contract system, called NEO-2.0, was carried out.
The NEO cryptocurrency has been showing stable and non-stopping growth for a long time. Very quickly, the Chinese creation took seventh place in the top of Coinmarketcap. This, without a doubt, is a serious bid for prospects, given the high competition in the cryptocurrency market. And Ether confidently holds the second line after the famous Bitcoin. So the crypto currency NEO clearly has all the chances to rise much higher than the seventh line.
At the moment, the price fluctuates around $45. The cost for three months has increased 20 times.
The volumes of neo cryptocurrency reserves are clearly defined and limited to 100 million tokens. So far, only half of the available potential — 50 million tokens-is available on the market. So the crypto currency NEO clearly has all the chances to rise much higher than the seventh line.
The project is actively developing. OnChain cooperates with other players in the field of cryptocurrency and blockchain technologies. At the moment, there are connections with blockchain startups Coindash, Bancor, Agrello and others. The Chinese project Red Pulse has announced the creation of a financial research platform based on the NEO-2.0 smart contract system. Also, in cooperation with NEO, there is an intensive development of The Elastos operating system based on blockchain technologies.
THE history of the emergence and development of neo cryptocurrencyhttps://preview.redd.it/2f7c6ryop1v31.png?width=1280&format=png&auto=webp&s=300b03be2a471d857d7d22d5659f2a4ef74c5e8b
The date of origin of the project can be considered 2014. NEO Creator Da Hongfei is a Director of Shanghai-based OnChain. In 2014, onchain, according to Da Hongfei's idea, launches the AntShares blockchain project. On the basis of this platform, a cryptocurrency of the same name was also created.
Yes Junpei put to the company is simple, but a global problem. His goal was to build a fundamentally new system of financial interaction. This system should unite the sectors of the real and virtual economy into a single whole with the help of high-tech contracts. And cryptocurrency from OnChain should become a unit of payment for these contracts.
Soon OnChain enters into a contract for cooperation with the Wings blockchain project, as well as contracts with economic giants Microsoft and Alibaba.
In August 2017 begins the story of NEO already in its current form with the current name. Da Hongfei carried out a complete rebranding and technical modernization of the project. The rebranding was a huge success, and the price of cryptocurrency from OnChain soared 40 times.
But not without problems. On the fourth of September, the Chinese authorities adopt a package of sanctions laws against cryptocurrencies and ICO. It was a heavy blow, which at the time almost 2 times brought down the course of the brainchild of Hongfei. However, soon the NEO cryptocurrency moved away from the blow and began to confidently win back the lost positions. At the moment, OnChain is actively upgrading the product and simultaneously trying to find a compromise with the Chinese authorities for the legalization and quiet operation of its offspring.
Features and principle of operation NEOhttps://preview.redd.it/tj1goppoq1v31.png?width=800&format=png&auto=webp&s=0c39d14754ba9dd99e2c6bfb692f0f7bdd6c1838
From a technical point of view, the Chinese cryptocurrency is very similar to Ethereum. The basis of the platform is the construction of smart contracts and their subsequent payment with tokens. Also an important part of the project is the ability to create new technologies based on the platform, as well as easy integration with other services.
Despite the fact that NEO is often called "Chinese Ether" and the fact that the Ether still occupies a higher position in the ratings, the product from OnChain has advantages that the Ether lacks. NEO is much more practical and functional. This, no doubt, opens up the potential to move the Airwaves in the ratings in the near future.
Let's see in detail how everything works. Transactions within the system are possible when paying a Commission. The Commission is paid in-system currency. That is, for the transaction you have to throw in the system additional "fuel". The developers of OnChain decided to create an additional in-system currency, called GAS, as a fuel (a means of paying commissions).
NEO mining is impossible. There is a final coin value of 100 million. 50 million thrown on the market during the ICO. The second half of the developers keep at home. However, GAS mining is possible. However, it occurs when holding coins in a purse. That is, the more tokens you have, the more GAS coins you can get to pay commissions. Today, 2000 coins in the wallet accumulate 1 coin GAS every twenty-four hours. Such mining is associated with the work of the network on the Proof-Of-Stake algorithm. Coins generate themselves. Without the use of farms of video cards and megawatts of electricity.
Like any cryptocurrency, NEO has advantages and disadvantages.
The benefits of NEO:
Difference between NEO and Bitcoinhttps://preview.redd.it/qm9q0kmft1v31.png?width=1024&format=png&auto=webp&s=81bc03a4521b12f6e517b9ef8f905d8271041355
The main points that distinguish NEO from Bitcoin:
NEO storage walletsOn the official NEO website you can find links to the following wallets.
NEO: buying and sharinghttps://preview.redd.it/5ovlowr3v1v31.png?width=750&format=png&auto=webp&s=ea4c20d0be463cbaaf14846db2355b77975cd296
NEO can be bought and sold on exchanges or exchanged in multi-currency wallets. The most famous exchanges:
Ways to get NEOUnfortunately, at the moment there is no way FOR direct NEO mining in the manner of Bitcoins and Ether.
However, there is a way out. NEO cranes can be used. Cranes are resources where the user receives a cryptocurrency reward for performing certain tasks or participating in lotteries.
There is a high probability that if successful in the legalization negotiations, OneChain will provide additional ways to get their tokens.
As you can see, NEO is a very promising and rapidly developing cryptocurrency. And although the Chinese government has created some difficulties, on the example of Bitcoin, we see how high the rate of the crypto currency can rise if the factors interfering with the development disappear. So, the prospects of NEO are optimistic and you can risk investing in them.
However, the market value of other currencies in recent months has increased significantly, especially Ethereum (the market value rises from $ 7.31 billion to $ 21.32 billion, or 191.6%), Ripple (the market value rises from $ 1.96 billion to $ 9.28 billion, Or 373.5%) and other altcoins. The rally of these cryptocurrencies dwarfed the market proportion of Bitcoin rapidly. The Report said the ... Earn up to 6.5% p.a. on Bitcoin (BTC) and up to 12% p.a. on Stablecoins. Get the Crypto.com App now and start earning! Binance - Earn Interest on 50+ Coins Binance Flexible Savings is your Crypto savings account. Subscribe your crypto to earn interest, with the flexibility to redeem your funds at any time. Terms & restrictions apply. Sponsored. Market Cap. Rank #234 Website. bytecoin.org ... After bitcoin prices dropped below the $5K region on Monday morning, gold also slid significantly. It saw a small spike in value after the Federal Reserve announced slashing the benchmark rate by ... Digital asset trading platform Yuanbao, one of China’s largest crypto exchanges has announced the listing of Stellar Lumens (XLM) set to begin trading on Thursday, June 8th, 3 PM (UTC+08:00).Lumens are the native asset of the Stellar network, a platform that connects banks, payments systems, and people in moving value. Although Bitcoin and fiat currencies do not use the same mechanisms to calculate the current circulating value, it is possible to estimate the between the two by comparing Bitcoin’s market capitalization versus the circulating money supply of the other fiat currencies. The U.S Dollar is by far the largest currency based on the value of its circulating supply, with $1.95 trillion worth of USD ... How does cryptocurrency have any value. . For cryptocurrencies to replace official money, they would have the repayment of debts; third, a store of value, a way to store wealth in order. Society have found in cryptocurrencies an ideal world to try new in the form of money, and we do it in a way that creates the Internet of Value.. top 5 cryptocurrency to invest in now. The launch of the Chinese digital Yuan may be delayed due to the coronavirus outbreak. The recent health epidemic has hit the ‘Digital Currency Electronic Binance Coin $ 30.64 1.04%. Chainlink $ 10.92 3.98%. Polkadot $ 4.09 3.78%. Cardano $ 0.107061 1.36%. Litecoin $ 47.53 1.34%. Alle Kurse. Ethereum Classic auf der chinesischen Börse Huobi gelistet . Startseite; Aktuelle Artikel im Überblick; Krypto; Bitcoin; Ethereum Classic auf der chinesischen Börse Huobi gelistet . von Danny de Boer. Am 12. Juli 2017 30. Juni 2019 · Lesezeit: 2 Minuten ... Very cool Bitcoin, Ethereum, and other multi-digital currencies real time market trends. AICoin . Leader of global cryptocurrency tickers application. BitKan. Market trends and news. More. Mining; Mining pools; Mining machines; Cloud calculation capacity; Antpool. One of the efficient digital currency mining pools. BTC Mining Pool. Mining pool computing power accounts for TOP3. BTCC Mining ... Do keep in mind Chinese exchange users are always paying a slight premium value per BTC. Chinese Traders Push Bitcoin over US$800. To put this into perspective, both OKCoin and Yuanbao were trading Bitcoin above US$800 this morning. OKCoin saw a top price of 5571.52 Yuan, which equals to US$800.59. Not a bad price to start off the day, and another strong indication of the current bullish ...
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