NEO

About NEO ■ NEO is a cryptocurrency that was founded in

2014 and it was opened on June 15.
■ The MainNet of NEO was released in October
2016 and has been running in stable capacity
till this day
■  NEO is backed by the Chinese government
and it is safe and secure.
■ NEO is a block chain platform for the
advancement of digital assets and smart
contracts.
■ One ability that NEO has is that it supports a
lot of common programming languages like
JavaScript and C++
How reliable and secure is it?

■ Neo is said to be one of the most reliable cryptocurrencies out there because of how safe
and secure it is and how it works so quickly and efficiently.
■ One reason why neo is reliable is because it can handle up to 10,000 transactions per
second.
■ Another reason why Neo is reliable is because it has platforms that support various
programming languages which include JavaScript and C++
Pros of NEO

■ Energy Efficient Consensus Mechanism

It considered to be far more energy efficient than most of the older consensus mechanisms.
■ Speed
NEO can process roughly 1000 transactions each and every second.
■ Backing By the Chinese Government and Investors
The Chinese government has hardly been too forthcoming about support for crypto. However,
NEO is a platform which have sufficient levels of governmental support that has been
observed
Cons of NEO

■ Lack of Popularity Among a Western Audience

The Chinese roots of NEO has served to render it unrelatable for a Western, English-speaking
audience.
Since such a large chunk of block chain and crypto enthusiastic population live in the West, this
can pose major problems for adoption.
■ Competition
There are many other cryptocurrencies and neo is not that popular and that makes it a
competition between neo and other cryptocurrencies for example Ethereum that already has a
loyal user base and an established reputation.
How much is one NEO currently worth

■ One NEO is currently worth 13.37 Australian Dollars and will start to rise in the
future.
■ The market cap for neo is worth 864822324.23 Australian dollars.
 How successful has it been for its
founders?
■ According to the founder of Neo, Da HongFei discusses that neo has been an
achievement and that it is successful and he will be looking to improve it in the future.
■ The co founder of Neo, Erik Zhang followed on about how they are working on a Neo
3.0 and that it could be the number one block chain by 2020.
■ this shows that the founder's of Neo are in a successful state and plan on making neo
better for in the future. They talk about improvements that they are working on for
neo 3.0 such as:
-Reliability.
-Increased storage capabilities.
-Increased transaction per second output.
Has NEO been in the news lately

■ With my research, I did not seem to find if neo has been in the news recently, neo is
growing cryptocurrency and with its progress I think we will soon see it in the
news,
■ Neo are coming out with a new version Neo 3.0 in 2020 and it may be possibly the
number one block chain.
■ For now Neo has not been in the news
If you were using a cryptocurrency,
would you chose to use Neo?
■ If I was to use a cryptocurrency I would chose Neo because now that I
know a lot about it, it would be easy for me to use.
■ I would chose Neo because of how reliable secure it is
Will Neo survive the marketplace?

■ In my opinion I think that Neo is one of few cryptocurrencies that will live on for a
very long time and may even be the number one block chain.
■ I say this because Neo is reliable and secure, and also because of the future plans
that Erik Zhang and Da HongFei have been working on to make Neo the best that
it can possibly be and that’s why I think it will stay in the marketplace and live on
for a very long time.
References

■ Neo Team. (2014-2019). NEO - An Open Network For Smart Economy. Retrieved

from https://neo.org/
■ Coin Market Cap. (2019). Coin market cap. Retrieved from
https://coinmarketcap.com/currencies/neo/.
■ Sudhir Khatwani. (2018). NEO Cryptocurrency: Everything You Need to Know
about China Ethereum. Retrieved from https://coinsutra.com/neo-cryptocurrency/.