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Cryptocurrency NEO - WHERE TO BUY AND HOW TO STORE?

Today, China is an international center of cryptocurrency, it is this state that has the greatest influence on electronic money. It would be surprising if it did not have its own alternative to Bitcoin. It appeared and not one, a lot of alternatives arose, but today we will consider, perhaps, the most important and significant of them - this is Neo cryptocurrency. In many ways, it has become decisive for the development of the entire market. Let's take a detailed look at the history of appearance, and also analyze all the main features of the Neo cryptocurrency, where to buy it and how to store it, as well as talk about the GAS daughter crypto. Ava Trade Rewiews will explain all the details and nuances of this topic

Key Features of Neo Cryptocurrency

As you can see, the cryptocurrency Neo is not quite ordinary. For those who are used to working with Bitcoin and its forks, it may seem that this is not a cryptocurrency at all, but this is not at all the case.

Let's look at the main features of the Neo cryptocurrency:

Limited emission. During the launch of the ICO, 100 million Neo coins were issued. This figure is final, it is impossible to mine this cryptocurrency. In addition, it is also worth considering that physically this token is not split. This applies to operations within the network, while the electronic cryptocurrency exchange, as a rule, allows itself virtual fragmentation due to the high rate of this coin.
Neo are two electronic currencies. To understand why this happens, you need to turn to the technical side of the issue. The principle of operation of the network is practically the same as the Russian Air, but there is one important difference. The issue of Neo is limited, and the number of coins is not so large, and if you add the inability to split tokens here, the output may result in a situation where the operations will be unprofitable or the electronic currency will end. The way out of this situation was found simple and ingenious. The second Neo GAS cryptocurrency was created, which is actually the fuel for the system, but in addition it has its own value and is traded on the exchange.
Centralized system. Neo is often compared to Ethereum or Ripple, however they have one very important difference. Everyone can become a participant in the Ethereum network (more about the Ethereum cryptocurrency) or Ripple, and all nodes of the Neo network belong to the developer company, including the platforms responsible for GAS mining. In fact, the Neo blockchain is private, but at the same time tries to impersonate the public.
Also 50 million coins are owned by OnChain. In fact, this means that the developer has full control over the entire system. If desired, it can prohibit transactions, freeze wallets, and greatly affect the rate of both cryptocurrencies. Skeptics also fear that the personal data of network members may be provided to the Chinese government at the first request.

At first glance, it may seem that the features of the Neo cryptocurrency make it very strange and unpromising for investments, but this is not so, let's see why.

Why should you pay attention to Neo?

All the advantages lie in the technical part of the network. If Bitcoin, which is familiar to everyone, prioritizes decentralization and conducting transactions between individuals, then in the case of Neo, the situation is completely different. The emphasis is on the reliability and speed of transactions.

There are several reasons why companies are interested in working with Neo:

Ease of working with smart contracts. Smart contracts are the main existence of many blockchains. They were introduced into widespread use by Ethereum, however, with the support of the most common programming languages ​​there are obvious problems. The Neo cryptocurrency has support for the most popular means of writing programs, which significantly reduces the entry threshold for beginners.
The ability to integrate with other blockchains. During the presentation, this very opportunity was presented as the main “feature” of Neo. Indeed, if a company is interested in using smart contracts, then it just needs its own cryptocurrency and it has two options. The first is access to an ICO (“ICO - what is it in simple words?”), Which is not always effective. The second is to introduce a ready-made cryptocurrency into your system. Neo is by far the most optimal option for implementation in an already completed blockchain.
Huge scalability. In theory, a network is capable of conducting up to 100,000 transactions per second, which is really a lot. To date, this limit has not been reached, which means the instant execution of all operations.
Network protection is built on quantum encryption. This is also one of the main arguments in favor of using the Neo network. Purely theoretically, it is possible to crack a quantum computer, but if we talk about practice, today it is not possible. Neo network can be considered one of the most reliable blockchain systems in the world.
Close cooperation with global corporations. This has already been mentioned above, but one very interesting detail is worth noting. The rebranding presentation took place in the Chinese office of Microsoft Corporation, and this already says a lot.
As mentioned above, OnChain is actively negotiating with the Chinese government on the complete lifting of sanctions. Many world experts agree that consensus will be reached. If this happens, the Neo cryptocurrency will be the only ICO officially authorized in China.
The main argument of opponents of the use of this electronic currency is the possibility of illegal transactions. That is why many countries are very wary of such innovations. Neo, by centralizing its system, is trying to convince the Chinese government of the impossibility of carrying out such operations.

Cryptocurrency Neo - where to buy?

It is worth talking about a very important thing: Neo cryptocurrency - where to buy it, because it is not so common.
Today it’s quite difficult to find Neo for sale, this is due to two factors:

This cryptocurrency went into free circulation on a very limited circle of exchanges. These are mainly large Chinese electronic cryptocurrency exchanges. Not at all Russian and world sites you can find Neo.
The two main exchanges, Binance and Bittrex, have temporarily suspended the registration of new accounts.

Views: 7

Comment by Jake on April 23, 2020 at 7:04am

I don't really understand this theme, can you advise me some resources that will help me in this situation, please? Thanks in advance.

Comment by Donald on April 24, 2020 at 7:23am

Of course, I can give you a piece of advice right now. I think that you need to visit this website on https://crypto-wikipedia.com/ because there you will find all the needed information about the cryptocurrency, wallets, reviews, useful articles, and some cryptocurrency news as well. Hope you will like it

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