Neo (NEO) Logo

Neo

NEO

#98

Rank

$ 658.94 M

Marketcap

100 million

Max.Supply

$9.34

price

-1.90%

Change (1 day)

-34.38%

Change (1 year)

Platform

Enterprise Solutions

Smart Contracts

NEO, also known as 'Chinese Ethereum', is a decentralized, open-source blockchain platform based in China. It allows developers to build smart contracts, decentralized applications (dApps), and digital assets. NEO's unique features include a Proof-of-Stake (PoS) consensus algorithm, scalability, and a wide range of use cases, such as supply chain management and healthcare applications.

Market Cap of Neo

As of 2 November 2024 Neo(NEO) has a market cap of $ 658.94 million USD. This makes NEO the world's #98 most valuable Cryptocurrency by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded CryptoCurrency circulating supply and is commonly used to measure how much a Cryptocurrency is worth in Public Market.


Neo Statistics
Volume (24h)
$ 25.70 M
Max.supply
100 million
Circulating Supply
70.54 M NEO
M.Cap Total Supply
$ 934.15 M

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NEO Percentage Change
Percentage Change 1h
0.06 %
Percentage Change 24h
-1.90 %
Percentage Change 7D
-1.87 %
Percentage Change 30D
-3.55 %
Percentage Change 60 D
-3.96 %
Percentage Change 90 D
-2.33 %
Year To date Percentage Change
-34.38 %
Percentage Change 1 Y
-8.17 %

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NEO Links

Price History of Neo

As of 2 November 2024 Neo(NEO) price is $ 9.34 USD. The percentage change over the last hour has increased by 0.06% In the past 24 hours, the price has fallen by 1.90%.
Over the last week, there has been a negative change of 1.87%. Looking at the past 30 days, the percentage change shows a decrease of 3.55%. Over the last 60 days, the price has lost 3.96%, and for the last 90 days, it has dropped by 2.33%.
Year-to-date, there has been a significant decrease of 34.38%, and over the past year, the price has depreciated by 8.17%. In terms of trading activity, the volume over the past 24 hours is $ 25.70 M The maximum supply of the asset is capped at 100 million, with a circulating supply of 70.54 M NEO.

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Volume History of Neo

As of 2 November 2024 Neo(NEO) has volume 24(h) of $ 25.70 M USD.

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About Neo

Neo: The Chinese Blockchain Revolution

Have you ever heard of Bitcoin or Ethereum? These are types of cryptocurrencies, digital money that exists only online. Now, imagine a whole system built around these cryptocurrencies, one that can handle not just money, but also your online identity and even digital ownership of things like virtual land. That's what Neo, a blockchain project developed in China, aims to do.

From Antshares to Neo

Neo started its journey in 2014 under the name Antshares. It was considered China's first public blockchain, a system that uses cryptography to create a secure and transparent record of transactions. Three years later, Antshares rebranded itself as Neo, a name that reflects the project's ambition to become a powerful and adaptable platform for the future of the internet.

Building a Decentralized Economy

Neo's goal is to create a new kind of online economy where users have more control over their data and assets. Imagine a world where you can buy, sell, and trade digital items like artwork, music, or even virtual real estate directly, without relying on a middleman. Neo's technology makes this possible by using smart contracts, programs that automatically execute transactions based on pre-defined rules. This eliminates the need for trust in intermediaries, allowing users to interact directly with each other in a secure and transparent way.

Who's Behind Neo?

The brains behind Neo are Da Hongfei and Erik Zhang. They co-founded Antshares and now serve as chairmen of the Neo Foundation, which promotes the adoption of Neo's blockchain. Da Hongfei believes that while the internet has been revolutionary, it also has limitations. He envisions a future where blockchain technologies like Neo empower users with greater control over their data and online experiences.

Erik Zhang, a brilliant programmer, created the Delegated Byzantine Fault Tolerance (dBFT) algorithm, a crucial part of Neo's security system. dBFT ensures that the blockchain remains reliable even if some participants try to sabotage it. Zhang also played a key role in developing Neo 3.0, the latest iteration of the Neo blockchain, which offers enhanced security and faster transaction processing.

Neo's Unique Features

Neo stands out with a few key features that make it different from other blockchains. First, it has two native tokens: NEO and GAS.

  • NEO is like the share of a company, representing ownership in the Neo ecosystem. It gives you voting rights on proposals for future development and also earns you GAS tokens.
  • GAS acts like the fuel for the Neo network, used to pay transaction fees. GAS is generated automatically as new blocks are added to the blockchain.

The EcoBoost Initiative

To encourage developers to create applications on its platform, Neo launched the EcoBoost initiative in 2019. Think of it like a program that supports promising businesses. EcoBoost provides grants, technical support, and marketing assistance to developers who are building decentralized applications (dApps) on the Neo blockchain. This initiative aims to create a vibrant ecosystem of innovative projects that showcase the power of Neo.

Neo's Growth and Potential

Neo's blockchain is constantly evolving, making sure it stays ahead of the curve and can handle the increasing demand for its services. Neo 3.0, the latest upgrade, significantly improved the blockchain's performance and security. Here's a glimpse at its key features:

  • Fast Transaction Processing: Neo can handle thousands of transactions per second, making it a highly efficient platform for a wide range of applications.
  • Enhanced Security: The dBFT algorithm ensures the blockchain remains secure and reliable even in the presence of malicious actors.
  • Scalability: Neo is designed to handle large-scale adoption and adapt to future growth.

Understanding Neo's Tokens

Neo and GAS, the two native tokens of the Neo blockchain, play crucial roles in its ecosystem. Here's a breakdown of their differences and importance:

Token Function Supply
NEO Ownership and voting rights 100 million
GAS Transaction fees 100 million

Key Differences Between NEO and GAS

  • NEO is a limited supply token, meaning there will only ever be 100 million NEO tokens in circulation. These tokens were all created at the launch of the blockchain, unlike Bitcoin which is mined. NEO is more like an investment token, representing a stake in the Neo ecosystem.
  • GAS is a utility token used to pay transaction fees on the Neo blockchain. It is created gradually as new blocks are added to the blockchain. There is also a maximum supply of 100 million GAS tokens.

How Does Neo Compare to Ethereum?

Both Neo and Ethereum are popular blockchain platforms that support smart contracts and dApps. However, they have a few key differences:

  • Consensus Mechanism: Ethereum uses a proof-of-work consensus mechanism, which relies on energy-intensive mining to validate transactions. Neo, on the other hand, uses dBFT, a more energy-efficient and faster consensus mechanism.
  • Programming Language: Ethereum primarily uses the Solidity programming language, while Neo supports multiple languages, including C#, Java, and Python.
  • Target Audience: Ethereum has a strong focus on developers, while Neo aims to attract both developers and businesses.

Neo: A Promising Future

With its innovative features, robust security, and commitment to continuous development, Neo is positioned as a major player in the blockchain revolution. As the world embraces decentralized technologies, Neo aims to become the foundation for a new internet economy, one where users have more control over their data and assets. The future of Neo is bright, promising a future where blockchain technologies reshape our digital world in exciting and transformative ways.

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