Often described as the Chinese Ethereum, NEO shot to fame after a re-brand from its original name Antshares.
It’s being likened to Ethereum due to its ability to host DApps, applications on the NEO network, alongside executing smart contracts on their blockchain.
Many believe NEO is looking to topple both Ethereum and Bitcoin itself with ambitious plans to process in excess of 10,000 transactions per second.
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More on NEO
Performing magnificently since it’s summer rebrand, from the beginning of August, the / coin price of NEO increased almost 300%, confirming its place within the top 10 cryptocurrencies worldwide.
Known as the Chinese Ethereum, NEO is the the first decentralized, open-source cryptocurrency and Blockchain platform to be launched in China which has resulted in the massive support from the chinese and asian community which has lead to such a high price increase.
The key to any cryptocurrency’s success is the team behind it, as such, confidence is building behind NEO due to the respected team around founder Da Hogfei, often considered to be the most professional cryptocurrency team in the world.