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Reasons Why NEO Could Be The Strongest Cryptocurrency Of 2018

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In the current situation of the market where the bull is running loose, a lot of people are getting attracted to cryptocurrencies. They are looking to invest more in coins which are ranked under the top 10 on CoinMarketCap. Big institutional firms and companies are benefitting from the market’s uphill trend due to their early investments. In these circumstances, many traders and investors have their eyes set on NEO. Its ecosystem is currently expanding and it’s been predicted to reach a new peak if the bullish trend continues. In this article, we shall discuss more NEO, its technology and features to ascertain whether you should HODL or not.

About ‘Onchain’- The Company behind NEO

OnChain is the company established by NEO’s founders Da HongFei and Erik Zhang in 2014. The reason why we must understand OnChain is that NEO’s functionality cannot be explained without understanding OnChain. Although, both companies are different but have similar interests that resulted in a partnership between the two. OnChain’s system is known as Decentralised Network Architecture or simply, D.N.A. the company aims to work with Chinese government and businesses that would act as major NEO adoption. OnChain develops public as well as private blockchain suitable for businesses and these blockchains link up to NEO to join decentralized economy. OnChain recently developed the ICO Ontology. The experience of OnChain and its motive to bring blockchain to business is a huge component of NEO’s potential.

Unique Features of NEO:

NEO is a second generation blockchain platform which has been every investor’s attention for the past two years and dubbed as ‘Chinese Ethereum’ but there’s much to know about the features of NEO formerly known as ‘Antshares’. When it was launched in 2016, the project focussed on digital assets and it couldn’t make its presence for the first 9 months. But after a major announcement of working together with the Chinese government and its rebranding to ‘NEO’ this project made everyone’s head turn.

Some of its notable features are as follows:

  • NEO’s Flexible Development Environment

NEO’s platforms support various programming languages which include Java, VN.Net, F#, Kotlin, C#, and Python. It also plans to add support for C, C++, Javascript, and Golang in future. This makes NEO a developer-friendly platform. NEO also provides developers with compilers and plug-ins for the languages it supports. These compilers can compile high-level languages into a set of instructions supported by NEO virtual machines hence, making the platform more accessible and flexible for all kinds of developers.

  • Delegated Byzantine Fault Tolerance Algorithm

All blockchain platforms rely on consensus to prove the validity of each transaction. Some follow Proof-of-Work methods while others apply another method called ‘Proof-of-Stake’. The main difference between the two methods is that the latter requires less energy than the former and it’s more eco-friendly. But NEO uses a different consensus method which is called ‘Delegated Byzantine Fault Tolerance’ or dBFT. The major advantage of this method is that it prevents the system from splitting and doesn’t allow forks. Which means there’s no chance of NEO’s platform ever being dragged into a controversial and unstable fork.

  • Notable Transaction Speed

Both crypto giants, Bitcoin and Ethereum have an extremely low transaction speed which is expensive too. But NEO can handle up to 10,000 transactions per second. The NEO platform was designed in such a way that it can handle mainstream apps and its better equipped for future.

  • Quantum Secure

We say NEO is ready for the future of technology because it has a quantum computer proof feature that makes it secure from future of quantum computers. As technology advances, quantum computers are close to being operational and means that nearly all cryptocurrency will be vulnerable because a quantum computer is able to break the cryptography easily. Hence, many blockchain platforms are trying to become quantum resilient. But NEO already has quantum resistant cryptography.

  • Suitable Platform for ICOs

NEO is constantly advancing as a suitable platform for ICOs by allowing projects to launch their tokens on its platform. Just as Ethereum has ERC-20, NEO’s platform has an equivalent token standard called NEP-5. Some projects are choosing NEO for its functionalities and ease and there are lot more ICOs to be up and running during 2018 due to the NEX ICO smart contract template.

All about NEO Trading:

NEO is well positioned on all big-shot cryptocurrency exchanges. It can be purchased from the following exchanges:

  • Bitfinex
  • BigONE
  • Binance
  • Qryptos
  • Huobi
  • HitBTC
  • KuCoin
  • Lbank
  • Coinnest

And many more. However, it’s not currently possible to buy NEO directly with U.S dollars. Investors who want to trade NEO must buy Bitcoin/Ethereum from an exchange that deals in U.S dollars such as Coinbase, GDAX, and Changelly. Then a trader can easily buy NEO from any of the exchanges mentioned above.

  • Current Market position

At the time of writing, NEO was ranked as 10th best cryptocurrency with a positive indication of 6.94% which guarantees that the price point $69.49 will rise even more. It has a total market cap of $4.5 Billion and within the last 24-hrs around $127 Million NEO has exchanged hands. Luckily, there are no radical changes in the crypto market and despite the recent market trend; NEO is set to rise above $75 in no time.

Conclusion

Bitcoin has finally made a comeback from its lowest price point in Q1 and is currently placed above $8100. But there’s no telling whether bulls will remain in command. Although there are huge capabilities in NEO’s project and OnChain is set to reach milestones in the near future, cryptocurrency markets are still volatile and forever unstable. Considering the present state of cryptocurrencies all over the world, we can conclude that NEO is worth HODLing this year.

We will be updating our subscribers as soon as we know more. For the latest updates on NEO, sign up for our free newsletter!

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 DVIDSHUB via Flickr

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Reasons Why 2019 May Be A Great Year For Crypto

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crypto
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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…

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3 Coins with the Largest Potential in 2019

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coins
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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.

  1. Bitcoin (BTC)

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…

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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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crypto projects
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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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