Blockchain
NEO
Da Hongfei and Erik Zhan launched AntShares in China in 2014, which was rebranded as NEO in June 2017. It's a blockchain-based platform with its own coin and the ability to create digital assets and smart contracts. It is similar to the Ethereum blockchain network, which is situated in the United States. NEO seeks to leverage smart contracts to automate the management of digital assets, with the ultimate goal of creating a distributed network-based smart economy system.
What is Onchain?
The cryptocurrency's inventors, Da Hongfei and Erik Zhan, attracted the attention of a number of businesses looking for private blockchain solutions while working on NEO. As a result, Onchain, an independent technology company, was founded in 2014 to work with the relevant financial and legal frameworks and deliver blockchain solutions to diverse businesses. Onchain focuses on the building of private and consortium blockchains to address the specialized demands of the sector, whereas NEO works similarly to Bitcoin and Ethereum.
Onchain's main product, Distributed Networks Architecture (DNA), creates private and public blockchains using digital asset applications to assist enterprises. DNA is thought to be a blockchain platform that can be tailored to solve a variety of challenges in both the private and public sectors.
How does NEO work?
NEO is a public platform that also makes use of the Onchain network to achieve the best governance possible. The platform's reach is extended to new heights thanks to network interoperability. It also brings together the communities of various projects in order to benefit from advancements across the network.
The NEO blockchain is capable of supporting a wide range of digital assets. The network, for example, provides complete support for blockchain assets, digital identification, and smart contracts. Decentralized apps (dApps) of all kinds, tokenization of real-world assets, and initial coin offerings are all supported by the platform.
What are NEO Tokens?
The NEO blockchain's coin is called NEO. This cryptocurrency represents a stake in the NEO blockchain. This cryptocurrency is also used for governance. It enables the community to create and manage blocks on the network. NEO, unlike other currency like Ethereum, has indivisible units that cannot be divided. This choice was made because each coin is intended to operate as a single share in the NEO network. These coins, like stocks, cannot be broken down into smaller units.
Website
Visit the official cryptocurrency website. It contains detailed valuable information about the coin and the project. You'll also find answers to frequently asked questions, various support and training tools, or interesting news and articles.
WhitePaper
WhitePaper is a basic informative document that contains a detailed description of a crypto project, its purpose, the idea of its creation, technical specifications, statistics, diagrams, roadmap, and other important facts, including information about the coin and its use and future potential. It is usually created by the founders or developers of a crypto project.
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