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What is NEO (NEO)?

Neo: China's Blockchain Landscape

Neo, originally known as AntShares and affectionately dubbed the "Chinese Ethereum," stands as a pioneering force in China's blockchain landscape. Founded in June 2014 by Da Hongfei and Erik Zhang, Neo was conceptualized to construct a digital ecosystem encompassing identities, assets, contracts, and payments. The platform, boasting a dual-token model with NEO for governance and GAS for utility, offers a robust framework for decentralized application (dApp) development.

Innovative Features: Empowering Decentralized Development

Positioned as a direct competitor to Ethereum and other developer-centric blockchain projects, Neo distinguishes itself with its scalable architecture and support for multiple programming languages. Its NEO Virtual Machine (NeoVM) provides a secure execution environment for smart contracts, allowing seamless integration with various blockchain ecosystems.

Interconnected Ecosystem: Bridging Blockchains

Neo's commitment to innovation is evident in its array of features. The platform facilitates cross-chain interoperability, enabling seamless interaction with Ethereum, Binance Chain, and others via Poly.Network. Its dBFT 2.0 consensus algorithm ensures single-block finality, enhancing throughput and efficiency.

Native Solutions: Building a Decentralized Web

Moreover, Neo offers native solutions like NeoFS for decentralized object storage, NeoID for secure user authentication, and Neo Name Service (NNS) for decentralized domain mapping. These features, coupled with built-in oracles providing off-chain data to smart contracts, epitomize Neo's vision of a decentralized, interconnected web (Web3).

Milestones: Shaping the Future of Blockchain

The journey of Neo has been marked by significant milestones. Following its mainnet launch in October 2016, the platform underwent a rebranding to Neo in June 2017, coinciding with the release of smart contract support. Subsequent endeavors included the initiation of the N3 project in June 2018 and the migration to Neo N3 Mainnet in August 2021

Investment and Vision: Leading the Blockchain Revolution

Today, Neo stands as a beacon of innovation, attracting investment from notable entities such as Block Ventures, ChainFunder, and Astronaut Capital. With its upcoming Neo N3 upgrade promising enhanced efficiencies and governance, the platform continues to shape the future of blockchain technology.

Neo's Journey Towards Decentralized Leadership

In conclusion, Neo's journey from AntShares to its current iteration epitomizes China's burgeoning presence in the blockchain arena. With its pioneering features, commitment to interoperability, and vision of a decentralized future, Neo remains at the forefront of the global blockchain revolution.

What is unique about NEO (NEO)?

Neo stands out for its dual-token model, offering governance through NEO and utility via GAS. Its support for multiple programming languages and cross-chain interoperability make it a versatile platform for decentralized application development.

Who are the founders of NEO (NEO)?

Neo was founded by Da Hongfei and Erik Zhang, visionaries aiming to construct a comprehensive digital ecosystem fostering decentralized economies and applications.

Who are the backers/investors of NEO (NEO)?

Neo has garnered investment from prominent entities including Block Ventures, ChainFunder, Astronaut Capital, and others, reflecting confidence in its innovative vision and technological capabilities.

What is the consensus mechanism of NEO (NEO)?

Neo employs the dBFT 2.0 consensus algorithm, ensuring single-block finality and preventing forks in the blockchain, thus enhancing throughput and efficiency.

Where can I buy NEO (NEO)?

You can buy NEO (NEO) on Binance, MEXCBitgetGate.ioOKX cryptocurrency exchanges.