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What is NEO all about
NEO has often been referred to as the Chinese Ethereum because it looks to perform a similar role to the popular smart contract platform. However, where NEO differs is that it takes a much more centralized approach in order to appease regulators in China, known to be quite strict on the crypto space.
Like Ethereum, NEO is a blockchain-based platform that supports its own cryptocurrency and enables the development of digital assets and smart contracts. One of the key uses of NEO has been the digitizing of assets. These assets can be digitized on the platform in an open, decentralized, trustworthy, traceable and transparent manner.
NEO thus becomes what it calls a smart economy where users are able to record, buy, sell, exchange or circulate various kinds of assets thanks to their focus on digital identity, smart contracts and these digitized assets.
This digital identity is key to NEO’s regulatory focus, and is what differentiates it from a platform like Ethereum. Every person, or organisation, on NEO is expected to have a verifiable digital identity which goes a long way to making regulators more comfortable.
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NEO Questions & Answers
What is the current price of NEO?
Price of NEO right now is 8.81 EUR.
What was NEO's highest price?
NEO was the most expensive on 2018-01-15, when it was at 161.76 Euro.
What will NEO be worth in 30 days?
Using our price prediction algorithm we suspect that the price of NEO is likely going to reach between €0 and €14.25 in 1 month time.
How much will NEO cost 6 months from now?
There is a great deal of difficulty in predicting the long term, but according to our short term prediction we estimate that the value of NEO is likely going to be between €0 and €14.25 half year from now.
What will NEO be worth 3 months from now?
According to our prediction we suspect that the price of NEO will be anywhere between €0 and €14.25 in three months.
How popular are topics related to NEO on social media?
117555 people were participating in discussing NEO on Reddit in the last 48 hours. NEO's official Twitter profile is followed by 430952 users.
Why is NEO seen as a more compliant blockchain with regulators?
NEO has actively sought to appease regulators on one of the biggest sticking points in cryptocurrency — the anonymity of accounts. In doing this, they have incorporated digital identities into their blockchain which alleviates that issue and also adds a few other interesting benefits.
What are digitized assets and what do they allow on NEO?
NEO is looking to turn regular assets into digitized versions in order to make them more transferable and easier to own and keep. Part of the NEO digital economy is the idea that you can digitize, or tokenize, real world assets and confirm ownership of them on the blockchain.
What is a digital identity on the NEO blockchain?
Identity is a big focal point for blockchain technology and NEO is looking to be a part of this solution. Having a digital identity on the blockchain means that you can be confirmed as you without the need for any third party or intimidatory.
Is NEO banned in China?
NEO is often referred to as the Chinese Ethereum for its make up and structure, but it is certainly not banned in China. While China may be a strict country in crypto regulations, NEO has looked to work with the regulators by making digital identity as part of their offering, which means no anonymity should regulators need to step in.
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