In light of Nidal News’s constant quest to point out information about cryptocurrencies and their importance, as well as the most important information about these crypto projects, we have decided to bring you information about NEO cryptocurrencies today.
Learn about NEO coin and the most important features of its project after reading this article.
In this article, we will answer the most important questions about what is the NEO digital currency?
What is the NEO Digital Currency Project?
Who is behind the NEO cryptocurrency?
What are the objectives and characteristics of the NEO cryptocurrency?
To answer these questions, we will first talk about the genesis and construction of the new digital currency, which was in 2014 and was called Ant scharfes currency at that time.
It was then renamed NEO in June 2017.
Neo is an ETH competitor coin that aims to become a competitor and alternative to ETH.
The new digital currency is the first digital currency to be created in the country of China, which runs on Blockchain technology.
This is why China’s NEO coin is considered one of the open source cryptocurrencies.
Some people also call Neo-coin China Ethereum.
NEO coin was created and formed by the working team at On Chain.
Many people, including programmers, developers, and a man named Da Hongfei, have put in great efforts to create this coin.
The founder of this company is a man named Zhang Zhengwen, and many others are involved in the creation of NEO cryptocurrency.
Due to the economic situation that occurred in China, which led to the cessation of cryptocurrency trading there, the currency suffered a lot in terms of its value, as its value first rose and then fell.
In the end, the new cryptocurrency overcame this emergency and rose in value again.
At that time it was worth $52 and many traders were making excellent profits, the current price of the coin is $17.45.
NEO Coin Purpose and Features
The main purpose of creating and creating this currency is to create and form a distributed network for a smart economy.
With this currency, you can enter into smart contracts and assets.
One of the most important features of the new digital currency is that with its help, contracts and assets created in the traditional way can be converted into digital contracts using smart assets.
These digital contracts are decentralized and secured by decentralized blockchain technology.
As you know, the function of blockchain technology is to be completely honest, and then to provide great trust between the two parties that enter into contracts with each other, without an intermediary between them.
The primary goal is to complete this process, whether it is a sale or a transfer.
This process is then documented in a central account that all contracting entities can access.
Another function is the electronic recording of data relating to both organizations and users.
This is in light of the existence of safe and secure methods, tools and mechanisms between the contracting parties.
These mechanisms include facial recognition, fingerprint recognition, voice recognition, and more.
In addition, smart assets are one of the most important features, which means that a trader can learn the programming language without learning anything to create smart assets.
Programming smart assets in programming languages has given NEO more power than the big Ethereum.
NEO supports many modern languages, including Gog python.
All smart assets on the web are compatible with all programming languages, including Java, and the goal is to allow programmers and developers to receive support like other digital currencies.
Information about the NEO cryptocurrency
- The price of NEO cryptocurrency at the time of this article was updated was $28.22, according to CoinMarketCap data.
- The coin ranks 44th among the largest digital currencies.
- In June 2018, NEO set a price tag of $196.85.
- In addition, in October 2016, NEO coin recorded a low of $0.072,287.
- Programmers can share the earnings they have made from this coin, which is displayed as GAS.
- It probably doesn’t have any major drawbacks, but there are concerns that the Chinese government may not create NEO-based transfers.
NEO currency forecast
Many analysts note that the NEO cryptocurrency is not yet popular and not as high as we would like.
NEO has yet to break its peak in 2018, which means it still has a chance to grow.
However, it is very likely that NEO cryptocurrency will have a great future on the upside.