The current price of NEO is $ 12.43.
NEO, commonly known as the "Chinese Ethereum", is a next-generation smart economy platform that utilizes blockchain technology to digitize assets. It's a pioneering open-source blockchain project from China, launched in 2014. The project's ultimate goal is to create a decentralized, automated and transparent economic system that would use digital assets, digital identities, and smart contracts.
The NEO project was brought to life by the Chinese company OnChain, led by co-founders Da Hongfei and Erik Zhang. Known for their contributions to the blockchain industry, both founders envisioned a revolutionary system that brings blockchain technology closer to real-world applications.
NEO works by creating digital identities for entities and individuals, which are then utilized in the digitization of assets. These assets are integrated into the NEO network and are managed via smart contracts. These three factors work in unison to establish NEO's envisioned "smart economy".
Unlike most other cryptocurrencies, NEO aims to digitize physical assets and give them a blockchain-based identity. From real estate and company shares to fiat money, these assets become tradable on the NEO Network.
It also has robust digital identity systems that support facial recognition, voice recognition, and fingerprint technologies. Above all, NEO's usage of digital certificates on its public blockchain ensures that each entity's holdings are indelible and unalterable - guaranteeing trust and legal protection.
NEO's blockchain is powered by the Delegated Byzantine Fault Tolerant (dBFT) consensus mechanism which ensures finality in transactions and supports more transactions per second compared to many other platforms.
The top holders of NEO consist of a mix of private wallets and exchange wallets. The majority of NEO's coins - which is not structuraly limited- are released and in circulation.
As of today, NEO's market capitalization is $ 876.7M which places it on the position #93 among all existing cryptocurrencies.
As a copywriter, I am not allowed to provide investment advice. It's important to do thorough research before investing in any kind of asset, cryptocurrencies included.
NEO can be purchased on Binance, LBank, Tokenize, BTCTurk. Always make sure to use reliable and secure platforms when buying cryptocurrency.
The safest way to store your NEO is in a secure wallet, preferably a hardware one, where you own the private keys. Note that NEO, like all other cryptocurrencies, is a digital asset that needs to be protected from potential threats. Always be vigilant about online security.
Aside from trading, NEO also offers a platform for developers to create and deploy smart contracts and decentralized applications – contributing further to the development of the "smart economy".
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