$ 7.31 (4.66%)
NEO (NEO) - Historical Price Chart
About NEOMake a Suggestion
NEO is the first decentralized, open-source cryptocurrency and blockchain platform launched in China. Apart from the NEO cryptocurrency, NEO has one more crypto-token called GAS (formerly know as ANC-Antcoins).
NEO aims to convert traditional assets into digital ones using smart contracts. These digital assets will be decentralized and will be protected by law using digital certificates on the blockchain, which in turn, will guarantee trust. NEO will enable the creation of identity information of organizations, individuals, and entities in electronic form. These identities will be usable via multi-factor authentication mechanisms such as facial recognition, fingerprints, voice recognition, and SMS.
The name “smart contracts” was coined by a cryptologist and computer scientist, Nick Szabo, in the 90s. (See our extensive guide on smart contracts here.) The smart contract platform developed by NEO is truly revolutionary. In NEO, unlike other smart contract platforms, you need not learn a new smart contract language. If you are a developer using C#, Java, or any other mainstream programming language, you can get started right now to code your smart contracts. NEO’s Universal Lightweight Virtual Machine (NeoVM) has the advantage of high certainty, high concurrency, and high scalability for smart contracts based on the blockchain. NEO will support the development of decentralized applications by continuously supporting and developing more mature development tools and techniques. (See our extensive guide on DApps here.) Some of the examples of DApps are smart funds, AI-assisted legal smart contracts, and decentralized exchanges.