14 May 2018 Samantha McLauren
Spotlight: Neo – “The Chinese Ethereum”
Much like its name, NEO is a relatively new player in the list of the crypto market top performers. Since 2017 it has been in the center of the spotlights with continuously growing popularity. Some crypto experts describe NEO as the most prominent Chinese cryptocurrency in the world.
One of the essential factors forming NEO’s exclusivity is the compliance with the strict Chinese laws on alternative coins. This is a big game changer, as the Chinese crypto ban in 2017 forced many traders to close business. NEO brings back traders' hopes, as it is a smart workaround the regulations. The network has optimized its upgrading processes, as they can happen without going through user consensus every single time.
Furthermore, Neo freely integrates other tokens, different from its own tokens – something that many other platforms avoid. It works with a customized Docker container, called neoVM that acts are a collector and compiles the smart contracts in an environment.
Neo has its own decentralized exchange, called Switcheo. Its second MainNet was launched recently. The exchange is designed to provide a better user experience through a fully decentralized platform.
After the initial expansion of Switcheo and the integration of Main New 1, the Neo platform is growing further, providing users with multiple opportunities for trading and exchanging different coins. The new features are what makes Neo such a versatile platform – they offer real, everyday life application of the blockchain technology.
In May Coinmarketcap.com ranked the currency on №11. Although it dropped down to 12th position in June, experts believe that the value of the coin will grow, along with the platform's expansion, accommodating even more altcoins and apps.
Currently, Neo is worth $37.62, and if the trend continues, the crypto market might see Neo’s big leap very soon.NEO