► Time Stamps ⏰
1:50 Smart Economy
3:00 dBFT Consensus
3:50 Neo Ecosystem
5:12 dApp Development
6:20 ICO & Token Dynamics
8:20 Neo Team Members
9:45 Neo Markets & Wallets
⛓️ 🔗 Helpful Links 🔗 ⛓️
► Website: https://neo.org/
► Whitepaper: https://docs.neo.org/docs/en-us/basic/whitepaper.html
► GitHub: https://github.com/neo-project
► Mid Year Report: https://neo.org/blog/details/4178
► Staking Calculator: https://neotogas.com/
📱️ Socials 📱
📝 Project Overview 📝
Neo is a platform built on the “Smart Economy”, which uses smart contracts to digitize assets. Apps developed on the Neo network can digitize assets which aids in giving smart contracts more uses.
This Smart Economy offers various exchanges, blockchain trust, identity digitization, research, travel, AI, and many other features.
⚙️ Technology ⚙️
The Digital assets on Neo supports multiple types of digital assets so users can transfer, trade, or register their assets on the Neo platform.
Next you have the digital certificates. These certificates are used to build trust into the network while simultaneously providing full legal protection for all digital assets.
With the Neo transaction mechanism, buyers and sellers can create peer-to-peer transactions without the need for third-party intervention.
Neo uses delegated Byzantine Fault Tolerance algorithms or dBFT. In a similar way to how a Delegated Proof of Stake consensus mechanism works, Neo token holders can support a specific “book keeper” through a vote.
This select group of book keepers will then use a Byzantine Fault Tolerance Mechanism to reach consensus and generate more blocks. With dBFT, so long as less than a third of the bookkeeping nodes are not dishonest, then a consensus can be reached.
Neo is a pretty developer friendly blockchain because it has support for multiple languages. These are languages that the developers can easily understand.
💰️ Token 💰
Neo runs a dual token ecosystem. So, you’re dealing with two separate and distinct tokens which are Neo and Neo Gas.
If you keep your Neo in your Neon wallet, then you’ll get payouts in the form of Gas on a regular basis.
Gas is the fuel used for the Neo network. App developers and providers need Gas to pay for the computation power on the network.
👨💻️ Team, Partners & Development 👨💻
The NEO foundation is chaired by the two co-founders of Neo and it is responsible for funding two initiatives. Namely, Neo Global Development and Neo Global Capital.
Global development is dedicated to funding technological R&D, community operations and marketing on the Neo platform. However, the Global capital group is a for profit fund management company that will act as the investment platform to empower high-quality blockchain projects
The two Co-founders are Da Hongfei and Erik Zhang. Along with creating NEO they also founded Onchain which develops enterprise blockchain solutions.
📈 Trading & Wallets 📈
NEO is listed on exchanges such as CoinEgg, Binance, Bitanka etc. It does over $16m a day in volume on Binance which means a decent level of market liquidity.
The Binance NEO / BTC order book is also quite deep with regular daily turnover. This means easy execution even for large block orders.
For storage, there are a number of wallets that support NEO but you will only be able to earn GAS in specific wallets like the NEON wallet.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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