Neo bills itself as a “rapidly growing and developing” ecosystem that has the goal of becoming the foundation for the next generation of the internet — a new economy where digitized payments, identities and assets come together. About Neo. NEO is a cryptocurrency and smart contract platform that supports applications written in a variety of programming languages. Fees for deploying and running smart contracts are paid with GAS, a separate token.
Neo is an open-source blockchain platform designed to facilitate the development of smart contracts and decentralized applications (dApps). Originally known as Antshares, Neo aims to create a more optimized digital economy by leveraging blockchain technology. As of now, the live price of Neo (NEO) is approximately $13.83, with a 24-hour trading volume of about $43.6 million USD.
Initially known as Antshares, this project was believed to be China’s first-ever public blockchain when it was launched in February 2014. The open-source platform subsequently rebranded to Neo three years later.
As well as creating a worldwide community of developers who create new infrastructure for the network and lower barriers to entry, the team behind this project operate an EcoBoost initiative that’s designed to encourage people to build decentralized apps and smart contracts on its blockchain.
It’s often been likened to the Chinese version of the Ethereum network.
What does NEO crypto do?
Neo (NEO -1.6%) is a versatile blockchain network that can digitize and manage assets using smart contracts. Originally known as Antshares, it rebranded to Neo in 2017 with the vision of being an open network for a “smart economy.”
Is NEO a good investment?
The price depends on expanding the circle of partners as well as the listing on popular crypto exchanges. Neo coin seems to be a good long-term investment that can bring good returns in the future.
What is NEO platform?
NEO Platform development tools enable rapid development of innovative, supportable, SaaS applications for business networks. Shorten your software development lifecycle using our aPaaS. Amplify the value of your services and applications by deploying on a large fast growing business network.
Does NEO crypto have a future?
Our real-time NEO to USD price update shows the current NEO price as $15.57 USD. According to our NEO price prediction, NEO price is expected to have a -0.9% decrease and drop as low as by December 21, 2024.
Is NEO a dead coin?
To answer this question, we need to define ‘dead. ‘ If the idea behind this word is that the network is not being maintained or new features are not added, then the answer is no. Neo is alive and well.
What is special about NEO?
Neo has carried, since his conception, the Matrix’s source code known as the Prime Program. This gives him the ability to freely manipulate the simulated reality of the Matrix, similar to the authority a system administrator has over a given system. He manifests these abilities as various superhuman powers.
Who invested in NEO?
In addition to the undisclosed Chinese investor, Neo’s equity Series D funding was provided by a group that includes new backers Butterfield, Wessinger, Baszucki, and Vancouver-based Version One Ventures, and existing Neo investors like Peter Thiel’s Valar Ventures—which led the FinTech scaleup’s Series A, B, and C ..
Who created NEO Crypto?
Neo is a blockchain-based cryptocurrency and application platform used to run smart contracts and decentralized applications. The project, originally named Antshares, was founded in 2014 by Da HongFei and Erik Zhang and rebranded as Neo in 2017.
How does NEO work?
The Neo Money™ card is a prepaid card that lets you do things that a debit card does – like access cash and spend your money online and in-store without having to manually load funds onto your card.
Is NEO a Chinese coin?
NEO is a next generation smart economy platform (formerly Antshares) and China’s first open source blockchain that was founded in 2014, is often known as the “Ethereum of China”.
What is the purpose of the Neo coin?
The NEO cryptocurrency is used for staking and payments on the network, while it can also be held as an investment and used for voting when staked, or locked. NEO unlocks access to apps hosted on the platform by acting as a form of payment for network participants.
