Neo is a layer one blockchain developed with the aim of giving consumers a clever economic climate primarily based on blockchain technological innovation and clever contracts, making use of two tokens, NEO and Fuel. So what is distinctive about Neo? Let’s obtain out with Coinlive in the report under.
What is the anchor?
Neo is an open supply layer one blockchain originating from China and is identified as “China’s Ethereum”. Neo’s purpose is to innovate the way commerce presently exists, moving the monetary method into a new era of intelligent economics.
The 1st neo open supply blockchain in China that combines all 3 components: digital identity, digital assets and clever contracts. In unique, NEO supports several common programming languages such as Microsoft.net, Java, Kotlin, Go and Python, and combines with several technological enhancements to boost network protection, assisting to drastically lower network charges, which is complicated for developers when they compose clever contracts. .
History of NEO growth
Neo was founded in 2014 by Da Hongfei and Erik Zhang as AntShares, the 1st public blockchain task launched in China. AntShares raised capital by means of two ICO launches in October 2015 and September 2016, effectively raising a complete of eight,219 BTC (extra than $four.five million at the time) to services the growth of the growth task.
In June 2017, throughout a meeting at Microsoft headquarters in Beijing, AntShares founder Da Hongfei announced a comprehensive rebranding of its blockchain resolution. As a outcome, AntShares will be renamed Neo (which means new, new and youthful in Greek), accompanied by big innovations such as “Smart Economy” ideas and the New Smart Contract System. At the very same time, the ANS token will also alter to NEO token.
In September 2019, Neo Global Development launched the 1st testnet model of Neo three. (Neo N3) termed NEO3 Preview1. In August 2021, the official model of Neo N3 was mainnet, bringing several crucial functions this kind of as multilingual help, enhanced administration method, architecture adjustments,…
In 2022, China’s nationwide blockchain network BSN stated that the Neo blockchain has been incorporated as one particular of the 10 core platforms that will type the BSN core network. Through this integration, Chinese citizens can entry NFT markets working on BSN when adhering to the country’s regulatory compliance.
After a time period of silence, in October 2023, throughout the Neo local community conference held in Hong Kong, Mr. Da Hongfei announced that Neo would develop an Ethereum-compatible sidechain and have an MEV resistance mechanism to defend users’ interests , guaranteeing a smooth consumer working experience, as very well as protection and confidentiality.
Neo Highlights
Multilingual help
Neo supports several common languages in the planet this kind of as Microsoft.net, Java, Kotlin, Go and Python,… assisting developers to effortlessly build clever contracts and attain extra consumers. .
High dependability
Neo makes use of the enhanced dBFT (Delegate Byzantine Fault Tolerance) protocol, which properly protects the method from cyber attacks. The dBFT protocol is a sort of Proof-of-Stake (PoS) consensus in which delegated nodes are elected to validate transactions.
Multi-chain interoperability
Neo is linked to several other blockchains, enabling DApps operating on Neo to interact with DApps operating on other blockchains, assisting to broaden Neo’s application abilities.
Dual token model
NEO is a governance token that permits consumers to participate in network management. Fuel is a fuel token, employed to spend charges for transactions on the network. This two-token model of NEO aids consumers participate in the NEO ecosystem with out acquiring to de-stake NEO tokens.
Development workforce
As talked about over, Neo was founded by Da Hongfei and Erik Zhang, with Erik Zhang serving as the two Neo’s co-founder and lead developer.
Neo’s companion
Neo will work with several big partners all around the planet, such as certificate authorities in China, to map genuine-planet assets making use of clever contracts. There are also Bancor, Agrello, Coindash, Nest Fund and Binance amid several other partners.
Tokenomics
Symbolic metric
About the NEO Token:
|
Token identify |
Still |
|
Symbol |
Even now |
|
Blockchain |
Still |
|
To contract |
Updating… |
|
Total provide |
a hundred,000,000 NEOs |
Information about the Fuel token:
|
Token identify |
Gas |
|
Symbol |
Fuel |
|
Blockchain |
Still |
|
To contract |
0xd2a4cff31913016155e38e474a2c06d08be276cf |
|
Total provide |
a hundred,000,000 Fuel |
Token allocation charge
NEO tokens are allotted as follows:
- First supporters: 50%.
- Project Fund: 15%.
- Reserve Fund: 15%.
- Developers and Neo Council members: ten%.
- Ecosystem developers: ten%.
Token use situation
NEO tokens are employed for:
- Allow the local community to build blocks.
- Edit parameters on the web.
- Vote on consensus nodes.
Fuel tokens are employed for:
- Pay charges for routines in the Neo ecosystem (e.g. clever contract registration charges, transaction charges)
- Used to manage and control NEO tokens, such as information manage and adjustments to NEO token parameters.
summary
Through the over overview report on the Neo task, Coinlive hopes that readers can grasp the primary details about this task to make their very own investment choices. I want you a profitable investment!
Note: The details in the report is not thought of investment assistance, Coinlive is not accountable for any of your investment choices. I want you results and earn a whole lot from this possible marketplace.