The Neo blockchain combines the functionality that was previously spread across several blockchains into a single smart economy chain. Neo enables, among other things, the integration of outside real data (similar to Chainlink) and the storage of images, texts and videos (similar to Filecoin). In addition, the Neo blockchain attempts to solve Ethereum's scalability problem by only delegating a certain number of validators to confirm transactions. Neo holders select these delegates, who then verify and validate transactions randomly in a two-step process.
Neo solves many problems by combining multiple functionalities on one blockchain, such as oracles and file storage. In addition, their cryptography method allows up to 10,000 transactions per second and thus does not have the scaling problems of Bitcoin and Ethereum. The cryptocurrency is now widely used in many countries. Nevertheless, one must be aware that Neo has a strong connection to China, which is why they are also called the Chinese Ethereum. Even though they are currently tolerated as one of the few coins in China, as with the other coins, China can ban Neo overnight.
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Neo is aon its own,uses to validate transactions,and is.Neo also supports.
Interesting facts about Neo
Here are some facts you may not already know about Neo. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
Neo has close contacts with Chinese regulators and is one of the few blockchains that is still allowed in China.
Delegated Byzantine Fault Tolerance is the validation method to process transactions and allows Neo to scale.
The Neo Blockchain integrates outside real data through Oracles and can store text, images and videos.
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Neo price and insights
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-0% past 1 week
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Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
# Discord members 8,154 9% of them are active
# Telegram members 8,473 3% of them are active
% of total supply circulating Very small
What’s the community like?
Community matters for projects like Neo, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.