NEO, previously known as Antshares, is the first open source cryptocurrency launched in China in 2014.
100 million NEO coins were issued.
NEO changed the name on 22nd June 2017, with NEO being the Greek word for newness, novelty, and youth. Chinese Ethereum and Ethereum’s killer are also names given to NEO.
NEO has one more crypto-token called GAS, which was formerly known as ANC-Antcoins. A total of 100 million GAS tokens are available for production, each GAS token generated with the creation of each block.
In the summer of 2017, the coin Antshares rebranded itself as NEO.
Since that day, NEO has gone from $10.51 to an all-time high of $196.85 in January ‘18. The wave that was made across the crypto world earned NEO the title ‘The Ethereum of China’.
After reading this article, you will learn all about what NEO is, how to buy NEO coin, where to buy NEO coin, and whether or not NEO is a good investment. Before we get into how you can purchase NEO, I’ll tell you a little bit about the story and history behind NEO.
(If you’re already familiar with NEO and feel confident in your knowledge, feel free to skip to the ‘How to Buy NEO’ section!)
NEO is often referred to as the Ethereum of China. It is the first Chinese open-source blockchain.
The race to craft the next best blockchain/cryptocurrency is on.
Bitcoin opened the door by demonstrating that it was possible to send funds in a decentralized manner by bypassing profit-seeking organizations, such as banks, to cut costs, as well as the time required to process payments.
Ethereum followed closely behind and created a new way of looking at cryptocurrencies by creating a platform for smart contracts and decentralized applications (dAPPS). Now, the next contender is here: “NEO.”
NEO has won the nickname of “Chinese Ethereum” because it offers services that closely resemble those of Ethereum, including smart contracts and a platform for dAPP development.
NEO is the latest iteration of Ethereum’s smart contracts.
Based on a unique Blockchain algorithm that enhances the original Ethereum model, NEO is less vulnerable to cyber-crime than all Ether contracts. Labelled the ‘Chinese Ethereum’, NEO was developed by a Blockchain company in Shanghai called OnChain. OnChain hopes to become the world’s first truly universal Blockchain framework, capable of utilising a variety of plug-in modules and being applied across public and private chains. NEO contracts are set to play an important part in that process.NEO is 100% pre-mined, with 50 million NEO sold through crowdfunding and distributed to early contributors to the NEO project and another 50 million set aside to be ‘managed’ into the ecosystem by the NEO Council.
Neo, formerly called Antshares, is decentralized, open-source blockchain technology. However, the centralized approach that Neo uses is a lot different than the approach that many other cryptocurrencies use.
Neo is similar to Ethereum (hence why it is often referred to as the “Ethereum of China”) in that is uses two different tokens. While Neo may be similar to ETH, there are distinct differences between the two.
Currently, Hitbtc is the only exchange where you can purchase Neo with fiat currency. This token can also be purchased using more widely-accepted cryptocurrencies, which can then be exchanged for fiat.
his token can also be purchased using more widely-accepted cryptocurrencies, which can then be exchanged for fiat.
Developed in China in 2014 by Da Hongfei and Erik Zhan, Neo was originally known as AntShares. In 2017, it was rebranded and became Neo.
Smart contract platforms may have the most game-changing potential out of all projects in the crypto sphere. Blockchain is dubbed by many as the “new internet”, and everyone knows how much the internet has changed the world.
Ethereum has long been the market leader for blockchain development platforms. But they are starting to see significant competition, from projects such as EOS, Cardano and NEO. The latter, NEO, has the most passionate and dedicated community out of all of them (including Ethereum). For that reason, it warrants consideration from any crypto enthusiast.
As mentioned earlier, NEO is a smart contract development platform. NEO was launched in 2014, originally as Antshares, later rebranding to NEO in 2017. The community, governed by the NEO council, is trying to create the framework for a digital economy.