When Ethereum was first released in 2014, it revolutionized decentralized applications with its innovations like smart contracts. But the market has come a long way from its initial days, witnessing a tremendous boom in currencies. Given the faltering state of the crypto market, choosing an investment option has become a neck-breaking job. NEO, which was previously called AntShares, is regulated by smart contracts, but it stands out from other smart contract-based ecosystems in terms of its approaches. As the next-generation cryptocurrency network, it enables users to automate the storage and exchange of financial assets on the blockchain. Widely recognized as “the Chinese Ethereum” or “the one”, NEO can be regarded as the Ethereum killer for its competitive advantages over the ETH.
NEO, the Strongest Cryptocurrency of 2018
Representing the third generation of cryptocurrency, NEO is much more than a decentralized network, as NEO can be looked upon as a smart economy. Although the blockchain resembles Ethereum in many ways, it stands for a link between the real economy and the digital economy. Such a link is difficult to imagine with other forms of digital assets and can initiate great changes in the digital finance world.
To achieve “smart economy” with a distributed network, NEO strategically deploys the blockchain technology and digital identity to digitize financial instruments. As evident from its name, digital assets are programmable financial assets that are present in the form of electronic data. The digitization of these assets is done using the blockchain, wherein users can expect a decentralized, reliable, traceable, and transparent solution. The best part of NEO blockchain is perhaps the fact that users can register, trade, and exchange various kinds of assets, proving the link between digital asset and the physical asset is possible through digital identity. Besides the digital assets, the blockchain also uses digital identity to create a smart economy. Digital identity refers to the identity of individuals, organizations, and other electronic entities. NEO implements a system based on X.509, which complies with the highest standards of digital identity.
An Inside Look at the Rapidly Expanding NEO Blockchain Network
Although big names like Ethereum are grabbing all the attention from the investors, new smart contract-based cryptocurrency networks are gaining quite a momentum in the market. Ranking 12 by market capitalization, NEO comes with a range of beneficial features. One of the most interesting aspects of NEO that makes it stand out from the rest is the lightning fast transaction speed. While it is executing 1,000 transactions per second, the NEO team anticipates pushing the speed to 10,000 transactions per second. At this rate, the transaction speed can exceed 100,000 transactions per second by 2020. The expansion plan is not limited to transaction speed only, and the team is working on making the system fully decentralized, besides implementing hyper v-m to upgrade its features.
As a promising cryptocurrency, it always strives to expand its user experience with new innovations. Besides implementing frequent upgrades, the blockchain attempts to stay connected to its users, releasing developments updates and technical reports as and when necessary. An inside look at the developments on the NEO blockchain reveals quite a number of influential updates. From MyWish CEO announcing that NEO crowdsale contracts are ready, Blockchaingamer.net becoming a media partner of NEO blockchain game development to NewEconoLabs hosting NEO game competitions, NEO is lighting things up in the crypto market.
NEO Charts Reveal Signs of a Reversal of Trends
Primarily designed for ICOs and Dapps, NEO also focuses on smart economy solutions, which include digital identity, registration, and asset digitization. Owing to the relentless efforts of the NEO development team and strategic marketing campaigns, NEO has seen a steady rise in the recent times. While NEO’s reception has been phenomenal in the market, it was not entirely free from volatility. Looking at the price charts of the last few weeks, the bear run has sent currency in a temporary limbo. The most actively traded currency on Bitfinex, NEO has dropped by a striking 3.44% from its earlier position. With a market capitalization of $2,483,734,500, NEO is available for trading at $38.21 as of June 20, 2018. Although bearish sentiments are on the cards, the price charts reveal signs of a reversal. With NEO gearing up with interesting upgrades, the bull is likely to make a comeback in the coming days.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
One thing that is expected is the approval of Bitcoin ETFs…
Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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