NEO, formerly known as Antshares, is a blockchain platform and cryptocurrency designed to build a scalable network of decentralized applications. NEO was founded in 2014 and is based in Shanghai, China.
NEO is often referred to as the “Ethereum of China” because of its similarities, but it offers a few unique features. NEO uses a unique consensus mechanism called Delegated Byzantine Fault Tolerance (dBFT), which is designed to be faster and more efficient than Ethereum’s proof-of-work and proof-of-stake consensus mechanisms. NEO also supports smart contracts that are written in a variety of programming languages, while Ethereum only supports its own native language, Solidity.
NEO is designed to be a global digital asset and smart contract platform. It is an open-source, public blockchain and cryptocurrency. NEO is mostly used to create decentralized applications (DApps) and is often referred to as a “smart economy” platform. NEO’s goal is to build a network that is both decentralized and secure, and it is designed to be the foundation for a new digital economy.