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NEO Coin Hidden Potential Revealed

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After cryptocurrencies became prominent in the last few years, so did their numbers, and we currently have almost 2000 different digital coins to choose our favorites from. While this is a good thing from one angle, it can also be a bad thing for another.

The rise in many cryptos shows that the interest in them is big. Different coins and blockchains are dedicated to solving different issues, which is seen by many as a step in the right direction.

However, this also makes it harder for investors to focus on a single coin, with so many others being there to distract them. Furthermore, it often happens that the true potential of one coin gets unnoticed due to the fact that the crypto is buried in the sea of other digital assets.

NEO is one such coin, and many believe that it is hugely undervalued. While NEO does have its own loving community, it would appear that the majority of investors are not aware of NEO coin true potential. Because of this, the investors are missing out on a great opportunity, while NEO’s way to greatness receives even more obstacles than the crypto would usually have to face.

With that in mind, we believe that NEO deserves more attention, especially when it comes to its finest aspects. It is a high-quality coin with a real chance to be a moonshot, and it just needs to be recognized as such.

About NEO

NEO Coin was founded back in 2014 and was created by Da Hongfei under the name of Antshares. After a while, it changed its name to NEO, and it upgraded its smart contracts to a much better quality. Its goal is to create a fully-functional smart economy which would integrate digital assets, smart contracts, digital identities, and more. This smart economy would be functioning as a P2P network, with no need for a middleman in any sort of transactions.

Since its creation, NEO has gathered an excellent team, great technology, numerous unique features, and has become very developer-friendly. Its community of programmers has grown a lot over the years, and the coin has supporters all around the world.

Now that we know the basics, let’s take a look at some aspects of NEO that actually make it a potential moonshot. In the end, you may start sharing this opinion as well, especially after reviewing some of this project’s best features.

NEO’s top features

1) Numerous high-quality dApps

Most blockchains are developed with the creation of dApps in mind, and NEO is no different. Its dApps cover many different sectors such as gaming, IoT, music, WiFi sharing, advertising, and more.

And while the launch of a smart contract is a bit more expensive on NEO than on Ethereum, this will likely help maintain only the best-quality projects on the network. Ethereum has far more dApps developed so far, but a lot of them are not of high quality and are only clogging the system.

2) Gaming on the blockchain

It should be noted that NEO has a special domain NEO.Game, which is an exceptional platform from game development on the blockchain. So far, the coin’s team has assigned more than $30,000 in rewards for gamers on the blockchain. Right now, there are more than 30 games that NEO blockchain is creating.

We should make a point that blockchain gaming is not the same as gaming as most of us know it since it mostly focuses on earning virtual assets. These assets can then be sold or traded, and many believe that gaming is the easiest way for cryptos to enter the mainstream.

3) Easy creation of smart contracts

Smart contracts are one of the biggest aspects of any blockchain, and as such, they need to be as easy to make as possible. Otherwise, they will not be available to a lot of people, and the blockchain will lose in terms of popularity. This is something that NEO understands, and its blockchain supports several programming languages, like Java, C#, F#, Kotlin, and VB.Net. The team is even planning on introducing more languages, which will make NEO smart contracts even easier to create.

4) The developer community

With a blockchain that is focusing so hard on development, as well as on creating excellent and easy-to-use development tools, it is not surprising that its developer community is so vast and supportive. NEO organizes meetups, creates new tools all the time, and even provides tutorials for aspiring developers.

It is all done with a goal of creating the best open-source community out there. This is one of NEO’s ultimate goals, and so far, it has done pretty well in this field.

5) NEO’s Cross-chain interoperability

Cross-chain interoperability is a very much desired function in the blockchain. This is, basically, a feature that allows cross-blockchain contracts within a single smart contract. In NEO’s cases, the feature was brought by NeoX protocol.

This protocol also makes NEO compatible with numerous other blockchains, with the only condition being that they support a simple smart contract functionality. For now, the feature is still in development, with the release date still pending.

6) NeoFS

NeoFS is a distributed storage protocol for NEO, and it utilizes DHT technology. This technology is allowing smart contracts to break up data files into smaller groups, and store it in the network’s nodes. When the user proves their identity, they can access these files with no issues.

7) Governance

Next, we have governance, which is one of the most significant aspects for a cryptocurrency, since it shows whether or not it is decentralized. NEO has received some criticism that claims that its nodes are centralized, especially since the project’s developers control the majority of them. NEO has, however, made efforts to decentralize them since.

With nodes being decentralized, the coin holders will be in charge of the blockchain, with decisions being brought via voting.

8) TPS

The speed of transactions is yet another big thing in the world of the blockchain, and NEO can reach between 1,000 and 10,000 Transactions Per Second (TPS). This makes it much, much faster than Ethereum, which can only handle around 15 TPS.

Because NEO does pretty much the same things as Ethereum, only much better, many have speculated that it is only a matter of time before NEO replaces ETH. However, this has yet to happen, and even though NEO is stronger and more modern, ETH manages to stay relevant.

9) NEO VM

Next, we have NEO VM or NEO Virtual Machine. It is similar to Java VM, as well as Windows .NET Runtime. It can use smart contracts in several programming languages and port them to different systems, even those with no connection to a blockchain.

10) Partnerships

Finally, there is the matter of partnerships. NEO coin has done pretty well for itself even here, partnering up with large venture capital funds, like its own NEO Global Capital, or Fenbushi Capital.

Most recently, NEO has been looking for partners in the gaming industry, which has le it to Parasec Frontiers. This is a company that is creating MMO games on the blockchain, and NEO has decided to join in on this project.

It also entered an agreement with a firm called Elastos. The deal is to explore common apps and technologies so that the smart economy can be developed even better.

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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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Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Encrypgen
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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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Tron
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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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