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.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
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The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
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