![]() However, in March 2021, Neo started rolling out an N3 version of its public blockchain technology. The Cryptocurrency market has been waiting for the NEO 3.0 release since the end of 2020. The NEO team was working on the project for three years. NEO market cap history Coinmarketcap NEO 3.0 We should add that it’s impossible to mine this virtual currency because they were all distributed during the ICO. ![]() Over the years, as with any project, a lot has happened with the NEO price action. This is one of the reasons investors invest or have invested a lot in NEO crypto in the past. You can imagine that when the NEO price or the GAS price rises, you will benefit from the price difference on your NEO but also that of your obtained extra GAS. It is thus possible to generate some passive income for yourself. You deposit your NEO coin in your wallet and receive a portion of the GAS spent on the network in proportion to the amount of NEO coin you own. This is due to the proof of stake principle. It is possible to earn GAS with your NEO coin by saving your NEO coin in official wallets. One share of the NEO token is also seen as one share in the network, and the GAS crypto is used to make transactions on this network. This means that the project developers want to make it easy to use smart contracts on the NEO network.įor investors to use the NEO platform, the second crypto is used – namely, GAS. NEO cryptocurrency is also called the Chinese Ethereum because they are strongly committed to creating a smart economy and receiving huge Chinese government support. It used to be called Antshares, but this changed later. NEO, in short, is a blockchain project from China founded in 2014. Furthermore, its massive cryptocurrency mining activities have depleted the nation’s electrical supply to the point that they are jeopardizing the country’s environmental goals. The government is concerned about cryptocurrency speculation’s financial concerns. This might enable it to survive and expand even in China, where government officials are becoming cautious of the bitcoin industry. NEO’s Onchain technology has been intended from the start to be regulator-friendly, with a centralized approach that is unlike that of other cryptocurrencies. Given China’s government’s limits on cryptocurrency transactions, NEO has the potential to become the cryptocurrency of choice in the severely restricted country, and maybe the whole world. Could Neo’s prospects really be so good? Let’s find out by this in-depth NEO price prediction. Today’s Neo price is $9.96, with a 24-hour trading volume of $51,643,017. Neo is down 1.30% in the last 24 hours. The current CoinMarketCap ranking is #64, with a live market cap of $702,904,246. It has a circulating supply of 70,538,831 NEO coins and a maximum supply of 100,000,000 NEO coins. With supporting details on the coin’s potential in this NEO price prediction, you might want to add the coin to your portfolio, Erik Zhang, one of the co-founders, is the inventor of the ‘ Delegated Byzantine Fault Tolerance‘ consensus mechanism, making NEO the first crypto to use this algorithm. ![]() Neo (NEO) might not be one of the biggest names in the business, but it’s reputedly China’s first open-source blockchain - and is often referred to as ‘the Chinese Ethereum’. This looks impressive considering the project’s long existence, although the usable amount of NEO is not specified (and some users may have more than one address). One successful start-up is NEO, open-source crypto with the extended functionality to develop smart contracts and decentralized applications (dApps).Īccording to NEOSCAN, there are 2,940,701 NEO addresses. ![]() On average, only one project out of ten becomes a complete working ecosystem, and only a few of those have an application to the problems of the modern world. In the crypto market, new projects appear every day.
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