Why Is NEO In The Center Of Attention?

First, let’s talk about OnChain.

OnChain is a company that was founded by NEO’s founders in 2014. It’s really important to know about it since you cannot explain how NEO functions if you don’t understand OnChain. These are two companies that are different but they joined interests and formed a partnership between them. OnChain uses a system called Decentralised Network Architecture or if you put it shortly DNA and its goal is to cooperate with the Chines government. This way, the government, and businesses will strive for a major NEO adoption.

NEO is called the second generation blockchain platform and has gathered a lot of attention in the past few years. It was also called the Chinese Ethereum. NEO is also known for its features known as ‘’Antshares’’. It was launched in 2016 and as a project; they focused on digital assets but couldn’t really be seen on the market. After the announcement that they were working with the Chinese government, they renamed their project to NEO and it rapidly caught the eye of the public.

NEO supports a few different programming languages such as JAVA, C#, and Python. They also work on accepting C, C++, and Javascript in the following months. NEO is a very developer- friendly platform. Another really important thing about it is that NEO uses a different consensus mechanism named Delegated Byzantine Fault Tolerance. This mechanism prevents the system from creating forks.

When we talk about transaction times, NEO was created so it can handle mainstream apps and it’s better equipped for the years to follow. It can handle for more than 10.000 transactions per second.

The price movements are always uncertain. In the short term, you can expect high volatility as with any other cryptocurrency. If the Chinese government starts a full crackdown on cryptocurrency, we should expect for the prices to sink but if NEO and China find common ground, it’s highly likely to see a mainstream adoption of this particular currency.