Neo neo

Neo price today is INR 596.671 and the trading volume in 24 hour is INR 19,961,335. Price change in the NEO price in the last 24 hour is -5.982 . It has a circulating supply of 70,530,000 coins and a total supply of 100,000,000. Total market cap of the NEO is INR 42,036,248,056.246 which has the movement of -0.963 in the last 24 hours

NEO is, called the "Chinese Ethereum," is China's first open-source blockchain platform developed to facilitate the easy construction of a digital economy complete with digital identities, assets, contracts, and payments. NEO aims to compete with Ethereum and other projects that position themselves as developer-friendly decentralized protocols to launch a strong foundation for a future digitized "smart" economy. NEO also aims to implement features like quantum-computing resistance and inter-chain operability for the most competitive distributed "smart economy" network

The co-founders of Neo protocol are Da Hongfei and Erik Zhang. Erik Zhang was the author of the Delegated Byzantine Fault Tolerance algorithm, which aims to deter untrustworthy participants from participating in the blockchain’s operation. Da Hongfei aims to promote the blockchain’s adoption along with Zhang

The main reasons to invest in Neo include: - By making use of concepts called concurrency and sharding, NEO can process at least 10,000 transactions per second compared to the 15 transactions Ethereum can handle - Neo blockchain has two native tokens: NEO and GAS. While NEO serves as an investment token, GAS is used to pay fees for the transactions being completed on the network. - The consensus method that NEO uses is Delegated Byzantine Fault Tolerance which can prevent code forks. - NEO claims to be quantum computer proof