Written by Alexandra Perry
Posted April 18, 2018
Blockchain For the Smart Economy
NEO (NEO) was just one of the many digital assets that grabbed the interest of investors in 2017.
With that said, it isn't a new player in the digital currency space.
NEO was founded in 2014 and was originally released to the market under the name Antshares. Its founders, Erik Zhang and Da Hongfei, made the project public on GitHub in 2015.
Today, NEO is often billed as the Ethereum of China, and it's well-known for being China's first open-source blockchain project. Being associated with Ethereum gives it the ability to generate a lot of hype, and that’s why we’ve put together this feature.
Hopefully, by the end of it, investors will be able to better gauge NEO's technology and its role in the developing blockchain landscape.
NEO is a blockchain-based project that aims to bring us closer to what the NEO team has dubbed “a smart economy.”
NEO uses a combination of blockchain technology and digital identity to digitize digital assets. And much like the Ethereum platform, the NEO platform has the ability to execute smart contracts.
We cover smart contracts extensively in our Ethereum resource page. For now, all investors need to know is that a smart contract is parameters in code dictating that should one action happen, another action should follow it.
Smart contracts have incredible value in our rapidly expanding internet economy, offering a new way for businesses and individuals to share information and execute payments.
That being said, smart contracts play into NEO's long-term goals well. As we already said above, the NEO team is trying to create a smart economy.
The goal of NEO is to provide a foundation for the world’s next smart economy through the combination of digital assets, digital identity, and smart contract technology.
A digital asset is any programmable asset that’s been recorded in electronic data. It’s expected that digital assets will have more value as we head into a digital economy using tokenization.
On the NEO blockchain, digital assets can be hosted in a decentralized and transparent environment. These assets can be traced and come complete with a detailed history.
If you're interested in learning more about NEO, you can access its website here.
The English translation of the company’s white paper is available here.
How to Buy NEO?
You can buy NEO on a range of exchanges, including Binance, Bittrex, and Huboi.
For Digital Currency, 2017 Was a Landmark Year…
The price of Bitcoin, the world's first digital asset, soared. And that turned many first-time investors into millionaires within a matter of months. Beyond Bitcoin, other digital assets also gained national attention and the support of massive corporations like Intel, Microsoft, and IBM.
But today, investors are looking at a different digital currency landscape…
A whole new wave of valuable blockchain companies is giving investors a second chance at Bitcoin-level profits.
At Token Authority, our goal is to provide investors with the actionable research and news that they’ll need to profit from this groundbreaking market. Sign up below to receive our free e-letter and a report detailing the top three digital currencies that you should be keeping an eye on in 2018.Sign up to receive your free report. After signing up, you'll begin receiving the The Token Authority e-letter.