What is NEO Cryptocurrency?

Some of cryptocurrencies are hidden and not recognized by many people especially traders and investors. Some of them are only created and available in some specific countries. Some of them are available in many countries but not too popular due to their values or features.

In this article, we will introducing another cryptocurrency. We will follow the below table of contents.

Table of Contents

• What is NEO Cryptocurrency?

• Who created NEO?

• NEO cryptocurrency use cases

• NEO systems

• NEO has two tokens

• Where to store NEO?

What is NEO Cryptocurrency?

NEO was founded as AntShares by Da Hongfei and Erik Zhan in China in 2014 and was rebranded "NEO" in June 2017. It is a blockchain-based platform that supports its own cryptocurrency and enables the development of digital assets and smart contracts.

Who created NEO?

The community of NEO is consist of its Co-founder and Da Hongfei, its Core Developer and Secretary General Zhang Zhengwen and the other experts consists of operators, developers and contributors.

NEO Cryptocurrency use cases

Dapps

NEO Cryptocurrency is supporting developments of decentralized mobile applications in a way of consistently developing using various techniques and tools.

Smart Contracts

NEO has unique smart contract platform. You can get started creating smart contract using the existing programming languages such as Java, C#, and many more.

Digital Identity

NEO created identifying of information method using electronic form for companies and individuals.This can be use to identify information using fingerprints, voice recognition,SMS, or facail recognition verification processes.

Digital Assets

NEO's objective is to transform the traditional asset into digital assets. The digital assets will be decentralized and totally secured by the protection of blockchain.

NEO Sytem

Neo Q

A cryptographic mehanism that creat problems that cannot be solved even using quantum computers.

NeoFS

Allowing decentralized storage services

NeoX

This system has an ability of operating and executing across various blockchain.

NEO has two Crypto Tokens

NEO Token

• This token was previously known as Antshare(ANS). It serves as the investments token of the NEO Blockchain with a total cap of 100million tokens.

• This tokens will use for development purposes such as network changes, block creations, network managements and many more.

• This tokens are all pre-mined.

• NEO is divisible. Meaning, its smallest unit is always 1.

GAS Tokens

• This tokens act as fuel for its Blockchain.

• This tokens was not pre-mined with a total cap of 100 million Gas tokens.

• This will be used for Network charges, operations for Dapps, smart contracts and providing incentives.

Where to Store NEO?

Here are available wallets that supports NEO. These wallets also supports NEP-9, NEP-5 Tokens.

• Desktop Wallets like NEON Wallets, NEO GUI, NEO CLI.

• Web Wallets like NEO Tracker

• Paper Wallet like Ansy

• Hard Wallets like Ledger Nano X