NEO Cryptocurrency Review and Chinese Market! NEO is often referred to as “Chinese Ethereum” or “Ethereum’s killer“ by many, but in this article, I will not call it anything like that. I think many crypto projects have a great future because of their reasons for being built (i.e. the problems they solve). NEO is no exception.
NEO is the first decentralized, open-source cryptocurrency and blockchain platform launched in China.
NEO tags itself as a “distributed network for the smart economy”, and NEO’s goal speaks volumes about their smart economy concept.
The main community members include the founder – Da Hongfei, co-founder and core developer – Zhang Zhengwen, Secretary-General – Tao Rongqi, and other community developers, operators, and contributors.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
NEO is a great project with potential equal to (possibly even greater than) Ethereum.
NEO runs on a specifically developed proof of stake consensus mechanism which is arguably the best proof of stake mechanism available. NEO’s blockchain is also quantum computer proof which gives it an upper hand in comparison to other blockchain projects.
The biggest hurdle right now with NEO is the China regulation scene. After the Chinese trying to regulate the Cryptocurrency industry and banning ICO’s, the future of NEO is doubtful for now. From a winning ship, it’s now a sinking ship. Only if Chinese life the ban on ICO’s then Neo could become an Ethereum killer as what we hoped for. For now, the price will fall more until it found proper support.
