NEO is a non-commercial blockchain project that seeks to create a smart economy by combining a digital asset, a digital identification system and smart contracts. Initially, the project was created as digital money and was named Antshares, but in 2015 the team decided to expand the borders and become a blockchain platform.
The project uses the dBFT consensus algorithm, which allows you to work without problems, even if the attackers captured most of the network. In addition to the main NEO coin, there is a special GAS token, which serves as fuel to confirm transactions. This platform is actively developing its ecosystem and many DApps are based on it. At the same time, applications can be developed in the most popular programming languages (Java, C ++, Python), which greatly simplifies the interaction of developers with the platform.
NEO is a centralized structure, because all network transactions are confirmed by OnChain and this is a strong difference from other blockchain projects. NEO cooperates with the governments of China and Japan, and also has close contacts with such large companies as Alibaba, Bancor, Binance, so this platform is the most popular in Asian countries. NEO offers companies and organizations the creation of digital signatures, which allows them to simplify the interaction between companies and get rid of intermediaries.
