NEO is a cryptocurrency that makes use of a blockchain technology and this technology is commonly referred to as “smart contracts.” However, it is essential to know that these smart contracts are personalized blockchains that help to reduce the need for middlemen in daily transactions. This implies that with smart contracts, you can execute your daily transactions without needing the consent of a middleman, with this, additional charges can be avoided.
Due to the fact that NEO makes use of an up-to-date blockchain technology that permits the decentralization of smart contracts and assets, transparency and precision are now added to daily transactions. With all these in mind, NEO company is much prudent to make sure that its systems meet up to the required standards of its users. NEO project ensures that security is measured-up and meets the industrial standards.
It is also important to keep in mind that there is a ‘big’ difference between smart contracts used by other cryptocurrencies and NEO. Using Ethereum as an example, 15 transactions per second can be executed by this cryptocurrency. On the other hand, NEO surpasses this rate by executing more than a thousand transaction per second.
That is due to the fact that it makes use of the Delegated Byzantine Fault Tolerance device to execute more significant transactions with the speed of light. NEO is thriving well in the crypto-world today, and with its USD 36 billion market cap and $56 per coin as its current market value, it is showing no signs of slowing down.
However, it is expected that the current value of NEO should increase this year and this crypto-coin is attracting lots of investors every day.
Right now, if you are looking for ways to store your cryptos online and never on an exchange, you may actually choose to store them in a crypto-wallet. In this article, we will take a detailed look at the best cryptocurrency wallets that NEO has to save your value cryptos.
Best NEO Wallets
There are lots of crypto-wallets available today and some of them, do not support NEO. But you need to know that top-notch wallets in the market today will definitely support NEO and GAS. Confused on what GAS is? Well, GAS are tokens but they are usually little in market value, and it has a passive income description.
When you make use of official wallets, these wallets can pay shares in the form of GAS tokens and these tokens can be distributed to NEO users. It is vital to take note of these coins innately, because they can be used to pay for day-to-day transactions.
Well, maximum security is what you are looking out for to protect your crypto-coins then we advise that you use hardware wallets because they provide the best form of protection for digital coins. In the market today approximately 35% crypto traders select hardware wallets. Without much ado, here are some of the best NEO wallets in the market today.
One of the best digital NEO wallets is NEON. Even though it is a desktop wallet, it can provide you a certain level of security for your cryptos – although not optimum. This digital wallet backs NEO and GAS tokens.
With NEON wallet, a user can claim any automatically generated by GAS token when they have NEO cryptos in their wallet. Individuals who want to use of NEON wallet should know that private keys are never stored online on its servers. This desktop wallet is compatible with Windows, Linux and Mac platforms.
Ledger Nano S
Ledger Nano S is one wallet that is less-expensive but still gives you good security for your digital coins. It can be purchased at USD 95. It looks more like a flash drive, and it has a 4-digit password option that comes every time before it’s been operated – this makes it less likely to be hacked by anyone.
It also has a physically verified option on its screen. You also need to know that Ledger Nano S makes use of powerful second-factor authentication and FIDO (Fast Identity Online) on any website. The second-factor authentication is a verification process that requires more than one confirmation before access.
Another vital importance is that Ledger Nano S supports most second-generation cryptocurrencies like Ripple, Bitcoin, NEO, and Litecoin.
NEO GUI Wallet
NEO group developed this wallet themselves, and it is a desktop wallet used to keep cryptocurrencies. However, it is officially NEO’s wallet, and it supports GAS and NEO tokens, that is, GAS tokens can be claimed by NEO users that have NEO tokens in their wallet. One notable feature is that must be noted is that NEO GUI wallet only supports Window 7 and above platform.
The O3 Wallet is a distinct type of wallet that can be used when always connected to the internet. However, this wallet supports Android and IOS platforms as against the others listed in this article. In this wallet, private keys are kept in private keychains to secure digital coins. But they have been some reported cases that the private keys can be manipulated.
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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.
Image courtesy of Pxhere.com
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
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…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
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…
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