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Neo is an open-source platform driven by the community. It utilizes blockchain technology and digital identities to digitize and automate the management of assets using smart contracts. Using a distributed network, it aims to create a smart economy by building infrastructures of the next-gen Internet and creating a solid foundation for mass blockchain adoption.
Launched in 2016, the Neo MainNet has been in stable operation for more than 3 years. Neo is expecting to launch Neo3 in 2020, a robust implementation with high throughput, enhanced stability and security, an optimized smart contract system, and a feature-packed infrastructure set to empower developer adoption and to accelerate enterprise-grade blockchain innovations.
Learn more at: https://neo.org..
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 ...
Organization: NEO Foundation
Creation date: 2004-09-01
Expiration date: 2027-09-01
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
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.
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.
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.
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 Hongfei Da.
The consensus on which the NEO network is run is called Delegated Byzantine Fault Tolerant, while
the underlying algorithm is called dBFT.
In the current state of NEO currently is Working product
|view_list r/NEO Subreddit|
|person 99,267 Subscribers|
|directions_run 1,490 Active Users|
|create 10 Daily Posts|
|speaker_notes 15 Daily Comments|
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 7,356 Members|
|directions_run 583 Online|
Official Twitter account for NEO
|view_list @NEO_Blockchain Channel|
|person 321,764 Followers|
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.
Every change to the codebase of NEO is registered as a commit. More active projects have many commits, dead projects nearly none.
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.
|star 2,966 Stars|
|remove_red_eye 383 Watchers|
|usb 898 Forks|
|sync_problem 143 Open Issues|
|border_color 0.04 % Comment Coverage|
|lock_open MIT License License|
Convert between NEO and USD with the live NEO prices, aggregated from all big exchanges that trade NEO.
Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.
Da Hongfei -
NEO is a non-profit community-driven blockchain project. It utilizes blockchain technology and digital identity to digitize assets and automate the management of digital assets using smart contracts. Using a distributed network, it aims to create a "Smart Economy". NEO was founded in 2014 and was open sourced on GitHub in June 2015. NEO believes that community development is its top priority. NEO has a huge developer community around the world, such as CoZ, NEL and NeoResearch, who continuously contribute to NEO development. Millions of community members are active on Reddit, Discord, Github and Twitter.
Co-founder & core developer
Senior r&d manager
Global development director
While many cryptocurrencies are facing imposed bans in different countries due to their decentralized and unregulated nature, NEO has the potential to emerge as a mainstream cryptocurrency for environments that only allow regulated currencies. NEO Onchain technology is designed to be regulator-friendly and unlike other cryptocurrencies, it adopts a centralized approach.
NEO’s goal is to provide a platform where corporations can develop and implement their decentralized apps. Their main focus, for now, is to capture the Chinese market. NEO is itself a technology of a Chinese company Onchain, where it serves as the foundation of the Decentralised Network Architecture System of the company (NEO, 2018).
The actual platform that NEO has developed is already in the working phase and is functioning. Decentralized applications can be built on the platform. The company claims that the NEO network can handle up to 10,000 transactions per second. However, this high transaction speed is achieved at the expense of decreased decentralization. Onchain controls seven consensus nodes and therefore themselves controls the blockchain traffic.
The platform supports the use of C++, Java, Python and Go as programming languages for the development of decentralized apps. However, these languages are not limited by the design of the network in any way and may become a reason for the injection of malicious code on to the network (NEO, 2018).
NEO is developed by Onchain which is a Chinese company. It was developed originally as Antshares in 2014 but was later on rebranded and changed to NEO in 2017. The founders of Onchain are Da HongFei and Erik Zhang (Zhou, 2017).
There is a claim that the Chinese government supports the Blockchain Company Onchain, and therefore its blockchain technology NEO (See, 2017). However, it is hard to decide if one should be excited or worried about this development. The Chinese government is notorious for seizing money from their citizens and is therefore not completely a big plus for the company. An example like this can be found from the likes of Baoshang Bank Co, where the government assumed control of all its resources and assets in May 2019 (Bloomberg News, 2019).
Usually, cryptocurrencies are based on such blockchain technologies which feature complete or partial decentralization. However, NEO stands out in this aspect. It used a mining algorithm named as “delegated byzantine fault-tolerant” which uses consensus nodes to distribute the voting power. The company Onchain holds seven of such nodes, keeping the control of the network with them and making NEO a centralized cryptocurrency. Users are critical of this point, as Onchian can seize their funds if the Chinese government tells them to do so (Manoppo, 2018).
NEO Foundation has recently unlocked the NEO token worth $100 million in May 2019. The revenues generated from these new tokens are planned to be used for further development of the technology. However, this amount of NEO tokens could be damaging if they are released into the market all at once, as it might result in immediate inflation (G., 2019).
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.
The GitHub repository of NEO Onchain is impressively active and productive. The repository showcases a lot of updates and active participation by all the developers. The main developer is Erik Zhang, who is currently working hard to upgrade the consensus algorithm dbft2. The algorithm is supposed to block any attempted forks on the NEO network. It is important to note that the development team of NEO is not really big, and they are still trying to make things work.
|Transactions per second||The network can handle up to 10,000 transactions per second, which is a lot more than other cryptocurrencies.|
|Transaction speed||The transaction speed is much lower compared to other cryptocurrencies. This is because the network relies on consensus working and the platform is highly centralized.|
|Transaction cost||NEO network charges very fewer transaction fees as compared to other cryptocurrencies.|
|Enery consumption||Energy consumption is very low as compared to other cryptocurrencies.|
|Product availability||The product is already available and is in its working condition.|
|Exchange availability||Neo is available on the major trusted exchanges.|
|Security||The security aspect of the network has not been fully discovered and tested as the technology is relatively a new one.|
|Adoption||The coin has a low acceptance rate compared to other cryptocurrencies.|
|Decentralization||The coin is centralised.|
|Privacy||Transactions with this coin are pseudonymous and can be traced.|
NEO will likely make a name in the Chinese market more than any cryptocurrencies and will become the first choice for decentralized applications, especially those built by companies operating in countries that require cryptocurrency regulation, like China. The rest of the world might continue using platforms like Ethereum which offer a more decentralized network and a more secure network.
The flagship project that Onchain is working on is NEO 3.0. According to the plans, the upgraded version is planned to be released by the end of December 2019. The updated version of the NEO network will provide better support for larger-scale commercial applications. The NEO network will become more scalable and secure, as there are plans to centralize the network even more.
NEO possesses promising potential. Even though the network is centralized, there might still be companies or partnerships that would want to build their decentralized applications on the NEO network. This can increase the popularity of the NEO network and promote it to become the user’s choice over smart contract platforms.
The most notable and perhaps the most powerful alternative to the NEO blockchain is Ethereum, mainly because most of the decentralized apps are being built on top of the Ethereum network. The major drawback Ethereum network faces in terms of usage is that the programmer first needs to get accustomed to the ‘Solidity’ programming language. NEO platform, on the other hand, allows the developers to use C++, Java, Python and Go which are far more common languages. This might take NEO’s popularity ahead of Ethereum.
The Chinese support towards the NEO blockchain seems to be of great importance, but in fact, it has some deeply rooted concerns. This means that Onchain might sometime in future be working for the Chinese government and under their directives, which implies that they might at some point be in control or seize user funds.
Still on the news concerning NEO’s partnership, it was rumoured that Alibaba.com has partnered with the NEO network. However, a little research into the news revealed that this was not true.
NEO has partnered with the largest telecom company from the Netherlands. They have been given the control of one consensus node of the NEO network. This will improve the decentralization of the NEO network (Muller, 2018).
The Neo community is quite large in China, but lately, there have been numerous complaints of fraudulent behaviour as false announcements about partnerships with large known companies are made and spread by the Neo community.
The community also actively participates in the development of the NEO network. There are many independent developers that are creating new libraries for the NEO smart contracts.
The main lead of the development team is Eric Zhang who is working tirelessly to improve the existing algorithms and protocols of the network. However, there is not much information regarding other team members.
|# 1||Binance||NEO/USDT||$ 6.578027||$ 3,097,208||check|
|# 2||Binance||NEO/BTC||$ 6.551125||$ 965,507||check|
|# 3||Bitfinex||NEO/USD||$ 6.542300||$ 204,903||check|
|# 4||Binance||NEO/ETH||$ 6.560138||$ 92,087||check|
|# 5||Bittrex||NEO/BTC||$ 6.549536||$ 63,426||check|
|# 6||Bitfinex||NEO/BTC||$ 6.525073||$ 46,128||check|
|# 7||Binance||NEO/BNB||$ 6.565831||$ 30,262||check|
|# 8||Binance||NEO/TUSD||$ 6.546833||$ 29,132||check|
|# 9||Bittrex||NEO/USDT||$ 6.477827||$ 23,195||check|
|# 10||Binance||NEO/BUSD||$ 6.552646||$ 16,537||check|
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