Connect with us

Blogs

Neo (NEO): A cryptocurrency that’s more than useful!

Published

on

NEO useful
READ LATER - DOWNLOAD THIS POST AS PDF

More investors are involved in the crypto-coin world now than ever before. But ever since Bitcoin appeared there’s been a single question on every body’s mind “I have it now, and how the heck do I use it?”

Well, the thing about Neo is that you can use it already. Many outlets have adopted it, and it’s made transactions easier for them and their customers in international transactions and smart contracts. It’s being called the “Chinese Ethereum,” and it’s collected a huge fan base. It was called Antshares before, and it’s been going through the roof for a full year already.

Being able to use NEO is a milestone in cryptocurrency history. It’s listed on Bittrex which is an assurance of how a Chinese crypto coin is conquering the world (it’s not the only one, Tron was founded in Singapore, but it’s no secret that the leadership and work come out of Beijing).

The sheer usability the coin has secured several essential partnerships for them, and each partnership has made the currency more reliable and trusted even in some remote areas.

So why is it working this well?

Think certainty and scalability for a start. It’s compatible with a wide range of different applications which makes it very flexible. Developers can do decentralized apps easily based on the NEO blockchain without much specialization (if you know Java, which almost every programmer does, you’re on the other side).

The NEO net can manage up to ten thousand transactions per second which put it right on the forefront, even EOS and Tron’s new Main Nets will have a hard time competing with that kind of speeds. 

Neo is also a digital identity tool, and it boasts the best integrity available in the crypto world. You put all that together and what you get is the ideal environment for digital transactions and the coin that can deal with them.

That’s why more partners are standing in line to adopt this blockchain and currency to get real-life solutions. Identity authentication through the Neo app is just too comfortable and convenient, superior to most other options.

DBFT technology backs Neo’s transfers besides the Neo blockchain. That makes every operation secure, final, and very fast wherever you are at any time you need them. They’re seamless, and they are positioning Neo as the future’s platform.

Using Neo in real-life

Neo gives you the best of both fiat and digital currencies. When you transact using Neo you get a digital certificate that has legal validity and, as a user, the network’s platform gives you full safety.

Then there’s the identity verification issue which is so crucial in the digital world. Neo does this better than any other platform for both individuals and organizations. Forget about identifications, Neo just needs your fingerprints or your voice, and you’re ready to go.

The programming language also makes everything so much more comfortable so you can make smarts contracts easily. It just makes it so much more straightforward than other platforms.

Neo’s partners

If you should read the list of companies that are already taking Neo, you’d be amazed. Some of the most significant global players are on the list but also some smaller outlets. The Neo network is increasing very quickly and it won’t be too long before your local store a few blocks away will be adopting it.

Just think about these two global firms: Microsoft and Alibaba

Alibaba is taking Neo coins these days as payment and if you know Alibaba you know you can buy just about everything there wherever you are in the world. They call it the Chinese Amazon but, in fact, it’s better because you can’t do wholesale at Amazon but Alibaba specializes in that. Neo is now working with them on a Mail Certification Service so that international logistics are easier and safer.


Microsoft is using Neo to ensure fast and secure access to its products using NEO as payment. These are just two examples. They illustrate how Neo is positioning itself to bring cryptocurrencies into the real-world and change the game. Global business is being reshaped by this technology already in general, and this crypto coin in particular because it’s so readily compatible with so many systems.

Neo’s price has fluctuated a lot over the last year, as it’s happened to most crypto coins. But its resilience has been proven beyond any reasonable doubt, and serious investors love it. It’s the world’s eleventh coin in terms of market capitalization, and it’s currently at $56.41.

And it can only go up once other big players realize how well the technology will work for Alibaba and Microsoft. The coin is expensive compared to Ripple or Tron, but you still should keep an eye on it.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pxhere.com

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

Continue Reading

Elite