NEO (NEO)

cryptocurrency
byzantine fault tolerance
smart contracts
token issuance
platform
#17

Marketcap Ranking

12.05742 (-1.12%) arrow_drop_down

Market Price (24h change)

850,516,133

Total Market Cap

4

3.2

info_outline What is NEO

3.9

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Short Description

NEO is a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a "smart economy" with a distributed network

NEO was founded in 2014 and was real-time open source on GitHub in June 2015. Since its inception, the NEO team has experienced the upsurge and boom of the blockchain industry and the frenzy and cooling of the digital money market. We believe technology drives progress and together we can create the future

Motivated by this, NEO has been created to shift our traditional economy into the new era of the "Smart Economy".

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Introduction Video

Basics of Neo | Money Investing University

NEO was developed by a blockchain R&D company called Onchain. Launched in 2014 as AntShares, it was rebranded as NEO in 2017. NEO focuses on innovating in the areas of digital as ...

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Screenshot from Website

neo.org
NEO Websitemore_vert

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Website Informationclose

Organization: NEO Foundation
Name:
Country: SG
City:
Zipcode:
Address:
Mail: a
Creation date: 2004-09-01
Expiration date: 2022-09-01
Nameserver: F1G1NS1.DNSPOD.NET

attach_money Product Analysis

4.7

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Whitepaper

NEO is the use of blockchain technology and digital identity to digitize assets, the use of smart contracts for digital assets to be self-managed, to achieve "smart economy" with a distributed network.


The whitepaper of NEO is 9 Pages long.

The most influencial keywords are: Neos, Developer, Smart, Networking, Transactions, Chain, Contracts, Distributed network, Assets, and Tokens.

file_downloadOpen Whitepaper
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Close Competitors

  • 1.) NEM

    NEM is a cryptocurrency and blockchain platform for smart digital assets. Main new feature in NEM includes Proof of Importance (POI), new consensus algorithm, and smart asset system.

  • 2.) Qtum

    Combining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM), Qtum merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by smart contracts.

  • 3.) Komodo

    The Komodo Platform focuses on providing complete end-to-end blockchain solutions for developers of any level and any industry. It is simple yet powerful, offering customized blockchain solutions that are easy to deploy, and configurable to meet your needs.

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Product analysis

NEO was founded back in September 2016. Its source code was released publicly on github on May 2015 under the MIT License license.
Organization wise, NEOs Development is Semi-centralized and is being developed under the lead of Da Hongfei.

The consensus on which the NEO network is run is called DBFT, while the underlying algorithm is called dBFT.
In the current state of NEO currently is Working product

group Community Analysis

4.3

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Communities & Events

view_list r/NEO Subreddit
person 98,658 Subscribers
directions_run 2,188 Active Users
create 7 Daily Posts
speaker_notes 35 Daily Comments
linkOpen Subreddit

This was the old original antshares group, now it's the neoblockchain

Listed in: @crypto > @cryptocurrencies

Group rules: @termsconditions

@contribute to help this group

@resolutions to request an unban

view_list NEO Blockchain Channel
person 8,946 Members
directions_run 495 Online
linkOpen in Telegram

Official Twitter account for NEO

view_list @NEO_Blockchain Channel
person 323,658 Followers
11.18.2019
03:30
The #Neo ecosystem is really growing in multi-dimensions!😌 Check out @markjeffrey from @guardiancircle featured on the film @Trust_Machine. https://t.co/QZXXb1Kcom 35 favorite
11.15.2019
08:01
Highlights from #Neofest last night at #BlockshowAsia2019: Keran Wang, CMO of @Higgsnetwork_ explaining how the network is supporting dApps via HiggSwap, HiggsTraffic and Higgsbridge. https://t.co/60RSHn8GgD 55 favorite
11.15.2019
07:56
Highlights from #Neofest last night at #BlockshowAsia2019: Fouad Soultana, COO of @NovemGold which aims to make gold accessible to everyone by tokenizing it on the blockchain. https://t.co/LKw3wt9dZt 50 favorite
11.15.2019
07:54
Highlights from #Neofest last night at #BlockshowAsia2019: @markjeffrey, Founder & CEO of @guardiancircle demonstrating how the community emergency response network enables friends, family and nearby citizens help one another in a crisis. https://t.co/soXKkojB2c 71 favorite
11.15.2019
07:51
Highlights from #Neofest last night at #BlockshowAsia2019: Adrian Lai, CEO of @LiquefyTech illustrating how the platform enables users to digitally issue, transfer, and record ownership of securities backed by illiquid assets such as real estate, sports teams, or collectibles. https://t.co/ItMHzJEul3 21 favorite
11.15.2019
07:49
Highlights from #Neofest last night at #BlockshowAsia2019: Hao Yang, Head of Derivative Product of @OnTrade1 , the fourth-generation full-system innovative digital currency exchange. https://t.co/h1yULQcxJI 29 favorite
11.15.2019
07:47
Highlights from #Neofest last night at #BlockshowAsia2019: Yani Li, Marketing Executive at @SwitcheoNetwork, introducing the first #decentralized cryptocurrency exchange on the Neo blockchain. https://t.co/aLMDzellOx 63 favorite
11.15.2019
07:40
Highlights from #Neofest last night at #BlockshowAsia2019: Fireside Chat with @dahongfei and @cz_binance, where the two leaders talked about their first meeting, current focus and future prospects. More details here: https://t.co/hZDRhGWB9x https://t.co/ptoE2TK9tP 52 favorite
11.15.2019
07:33
Highlights from #Neofest last night at #BlockshowAsia2019: Zhou Junyu, founder of #CryptoFast, which just launched presale on https://t.co/FL1AgTGdPT. https://t.co/zenpT54Me8 29 favorite
11.15.2019
07:29
Highlights from #Neofest last night at #BlockshowAsia2019: El Lee, Co-founder and COO of @oncustodian introducing the project which just scooped a S$150,000 FinTech Award in Singapore. https://t.co/VCGYTKuoPf 24 favorite
Name Date Description
NEO 3.0 04.01.2020
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Google Trends Analysis


The Google Trends chart displays the search interest on google in NEO relative to its peak over the last year. A rising chart shows growing interest int he project.

code Development Analysis

4.1

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Github Analysis

Code Updates (Commits)


Every change to the codebase of NEO is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 2,915 Stars
remove_red_eye 378 Watchers
usb 893 Forks
sync_problem 202 Open Issues
border_color 0.04 % Comment Coverage
lock_open MIT License License

attach_money Price Analysis

3.7

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Price Prediction

$ 12.12520 (-1.1%) arrow_drop_down

Predicted USD Market Price in 24h

$ 14.24101 (16.16%) arrow_drop_up

Predicted USD Market Price in 14d

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Converter NEO - USD

Convert between NEO and USD with the live NEO prices, aggregated from all big exchanges that trade NEO.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Team Analysis

4.6

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Team

Lead

Unknown -
It is not exactly clear who is the main driving force behind NEO.


supervisor_accountSocial Network Links

Members (52)

Da Hongfei

Co-chair

launch

Erik Zhang

Co-founder & core developer

Jun Li

0

launch

Tony Tao

Secretary

Wentao Yang

0

Li Jianying

Core developer

Johnson

Global development director

launch

Fred Huang

Global community management

launch

Chris Chen

Developer

remove_red_eye Product Review by Coinpaper

3.1

How things stand

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The Chinese government supports the Blockchain company OnChain, and therefore Neo. [1]
The Chinese government is not really a big plus, as they are known to seize money from their citizens. On 27 May, 2019 the Chinese government assumed control of Baoshang Bank Co. [2]
Blockchains are usually decentralized, but the cryptocurrency Neo uses another mining algorithm than most. Neos algorithm, named “delegated byzantine fault tolerant” uses consensus nodes to distribute the voting power, but the company OnChain holds seven of them, which makes Neo centralized. OnChain can seize funds, if the Chinese government tells them to. [3]
In May 2019 the Neo foundation unlocked Neo worth $100 Million to pay for further development. This amount of Neo is dangerous as it could be dumped on the market which would result in an immediate price drop. [4]
In March 2019 the Neo Blockchain was down for over 2 hours, as block 3467252 took 127 minutes. This can happen with a single point of failure, as the foundation is controlling 7 consensus nodes themselves. [5]

1.5

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The GitHub repository which stores the code for the Neo project is very active and contains a lot of big updates. There are not many commits (updates) with only one changed line of code, mainly because there’s not a big developing team working together. The main developer here is the founder Erik Zhang, who’s currently upgrading the consensus algorithm dbft2 which is supposed to prohibit block forks. [1]

4.6

Product description

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Neo’s goal is to build a platform for corporate build decentralized apps. Their current focus lies on the Chinese market, where Neo acts as the foundation of the Decentralized Network Architecture system of the Chinese company OnChain. [1]

4.5

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Decentralized applications can already be built on the Neo platform. It’s said that the Neo blockchain can handle 10’000 transactions per second, but this is a trade off with decentralization, as the company OnChain controls seven consensus nodes that control and delegate the blockchain traffic.
The most used programming languages can be used for this, Python, Go, C++ and Java, but having malicious code injected to your machine is very dangerous and these languages are not limited by design in any way. [1]

2.8

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Neo was developed by the Chinese company OnChain in 2014 with the name Antshares and was rebranded to Neo in 2017. The founders of OnChain are Da HongFei and Erik Zhang. [1]

2.2

Pro-Contra

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Transactions per second It can handle many more transactions per second compared to other cryptocurrencies.
Transaction cost The transaction fees are much lower compared to other cryptocurrencies.
Enery consumption The energy consumption is low compared to other cryptocurrencies.
Product availability The product is already available.
Exchange availability The coin is available on the major trusted exchanges.
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Security Relatively low. The coin is relatively new/unproven.
Adoption The coin has a low acceptance rate compared to other cryptocurrencies.
Transaction speed The transaction speed is much lower compared to other cryptocurrencies.
Decentralization The coin is centralized.
Privacy Transactions with this coin are pseudonymous.

remove_red_eye Market Review by Coinpaper

3.3

Foresight

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Neo will likely be the first choice for decentralized apps that will be built by companies in China as the Chinese government endorses the Neo network.
The rest of the world might want to choose a more decentralized and secure network for the development of their DApps (decentralized applications).

3.8

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The Neo foundation is currently working on Neo 3.0 which should be finalized in December 2019. The goal of Neo 3.0 is the capability of supporting large scale commercial applications. It looks like scalability and security will be enhanced by centralizing the network even more.

4.4

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Even though the network is centralized, there might be big international companies that would try to build their DApps on the Neo network. This could create network effects so that other companies chose Neo over other smart contract platforms.

4.6

Business

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Ethereum is the biggest competitor as most DApps are written on the Ethereum platform. To write a new dapp, a programmer needs to learn the programming language Solidity first. The most used programming languages can be used for DApps on the Neo platform, but having malicious code injected to your machine is very dangerous and these languages are not limited by design in any way. Solidity has more restricted, but safer functionality.

3.0

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The backing of the Chinese government looked like a positive argument, but the company that controls the Neo network could seize funds of Neo holders if the government tells them to. [1]
There had been large rumours that Alibaba.com partnered with the Neo foundation. These rumours were false. [2]
The largest telecom company from the Netherlands started hosting one consensus node of the Neo network to further decentralization. [3]

2.1

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The community of Neo is very large in China, but there’s fraudulent behaviour as false announcements about partnerships with large known companies are made and spread by the Neo community.
On the other hand are independent developers that create new libraries for the Neo smart contracts.

2.8

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Erik Zhang is working on the Neo network, but there’s not much known about other staff members. [1]

2.5

compare_arrows Exchanges

Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance NEO/USDT $ 12.02130 $ 3,795,248 check
# 2 Binance NEO/BTC $ 12.03750 $ 3,224,341 check
# 3 Bitfinex NEO/USD $ 11.93847 $ 1,040,023 check
# 4 Binance NEO/ETH $ 12.05183 $ 172,526 check
# 5 Binance NEO/BNB $ 12.06781 $ 101,558 check
# 6 Binance NEO/USDC $ 12.05598 $ 86,952 check
# 7 Bittrex NEO/BTC $ 11.98635 $ 79,888 check
# 8 Bitfinex NEO/BTC $ 11.98095 $ 65,738 check
# 9 Binance NEO/TUSD $ 12.02980 $ 25,228 check
# 10 Bittrex NEO/USDT $ 11.95454 $ 18,703 check

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