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NEO Coin Review


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NEO,  a Chinese cryptocurrency, was created in 2014 by Da Hongfei. Did you know that it was originally called AntShares? In fact, it only got rebranded to NEO in June 2017!

NEO is often referred to as the “Chinese Ethereum” because of the similarities to its competitor among the top 10 cryptocurrencies Ethereum. It also offers a blockchain-based platform for the development of Smart contracts and launching ICOs.

Pros of NEO

NEO can complete 10,000 transactions per second compared to the 15 transactions of Ethereum.
While Ethereum supports only one programming language, NEO supports multiple languages like C++, C#, Go, Java, making it a favorite among programmers.
It appears to enjoy the support of the Chinese government, which gives it a clear advantage in the massive Chinese and Asian markets.
Cons of NEO

Since it is dependent on government support, it will be the worst hit if the Chinese government comes out with unfavorable policies.
It is targeting the most competitive segment in which there is severe competition from other cryptocurrencies in the top 10 — Ethereum, Cardano, EOS.
Historical performance

NEO deserved to be in the top cryptocurrency list because of the tremendous return it gave in 2017. NEO touched a high of about $162 in January 2018, a 111,400% growth from $0.16 in January 2017.

Same as IOTA, NEO is currently experiencing a period of stabilization. It's priced at $7,74 USD  with a market capitalization of $5.53 billion.

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