Greetings, Crypto Nation!
Welcome to another episode of Carrie's Crypto Corner.
Today I cover...
😎What is NEO?😎
TL;DW (Too Long; Didn't Watch)
- NEO means “new” in Greek, but we are all thinking about “The Matrix”. Don’t even play.
- NEO is the Chinese “Etherium”.
- NEO is a blockchain AND a cryptocurrency.
- It was originally called Antshares (ANT) in 2014, but changed to NEO in June of 2017.
- It was started to fill a need of “smart economy” for China.
- It uses smart contracts (like Etherium) called NeoContracts.
- It operates under the Delegated Byzantine Fault Tolerance (dBFT) consensus protocol.
- Basically, a bunch of ‘witnesses’ have to come to at least a 66% consensus before approving a block or ledger.
- NEO is NOT divisible.
- NEO produces GAS. (Don’t we all?)
- GAS is divisible and is used to pay for smart contracts and transactions.
- NEO is coded in C# and Java (user-friendly) and ETH currently uses Solidity (not user-friendly).
- NEO contracts are WAY WAY faster than ETH.
- OnChain is a new private CLOUD service on NEO.
Links in today's show:
Did you enjoy my face? Want more? Check out these past Crypto Corner episodes AND Coffee Talk with Carrie episodes.
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