NEO benefits and major features

Founded in 2014 under its original name, Antshares, and rebranded as NEO in 2017, NEO was China’s first digital coin and Ethereum’s first direct competitor. Designed as an open-source network for the smart economy, NEO serves as a blockchain-based platform for creating smart contracts and dApps.

NEO benefits and major features

Some of the major NEO features:

NEO is indivisible. In contrast to most other cryptocurrencies, you can’t transfer 0.5 or 0.2 NEO. In this particular aspect, it seems more similar to traditional stocks.

GAS is NEO’s crypto-fuel. NEO has an additional crypto-asset called GAS. It is used to “fuel” the network. Since it is divisible up to 0.00000001, GAS is used to pay fees on the NEO network.

NEO supports different programming languages. Unlike Ethereum, which has only one coding language - Solidity, NEO allows developers to use different common languages including C#, C++, Java, and Go to code smart contracts.

NEO – an open network for the smart economy. NEO develops the concept of Smart Economy, where any real asset, for example, a house, can be digitized. It strives to become the foundation for next-gen Internet.

After performing extremely well over recent years, NEO’s current price surge seems to validate the platform’s recent developments and achievements. 

During the press conference for its inaugural NEO Community Assembly, China's first open-source blockchain project, NEO presented three new products designed for the blockchain of tomorrow. These are NEO•ONE, an end-to-end framework for the deployment of NEO dApps; NEO distributed file system NeoFS; and NEO Blockchain Toolkit. 

Government support has made NEO the most popular coin in China – one of the major markets for cryptocurrencies. NEO’s commitment to do more than Bitcoin and develop decentralized apps in a better way than Ethereum does is adding to the popularity of investing in NEO. 

Will the current bullish movement continue on the wave of the latest news about the NEO coin? Let’s view the latest NEO price predictions from the industry experts.