A Deep Look at NEO: Should It Be in Your Portfolio?

The Basics: NEO is Kinda Like Ethereum

These are Some of the Things NEO Stole from Ethereum:

  • DApps and smart contracts: Like Ethereum, NEO provides a platform upon which developers can create and run smart contract-based applications. if you are not familiar with the term, smart contracts are digital self-executing agreements. The beauty of a smart contract is that it’s impossible to change or cancel.
  • Digital asset management: Both platforms allow users to digitize and trade real-world assets in a trustless peer-to-peer manner.
  • GAS: NEO uses GAS. Ethereum uses gas. But don’t be confused, those gases are not the same. We explain the differences in more detail below.

How NEO and Ethereum Are Different

  • NEO/GAS: unlike ETH and gas, NEO and GAS are 2 separate assets, each having its own price in USD. Also, NEO token are indivisible — you cannot break them into gwe-like units. If you hold NEO in your wallet, the system rewards you with some GAS. You use it to execute transactions in the network. See NEO as shares or stocks and GAS as dividends.
  • dBFT: NEO uses the dBFT (Delegated Byzantine Fault Tolerance) consensus, not the good old Proof-of-Work method. It means less energy waste, higher speed, and better scalability. It takes between 15 and 20 seconds to generate a new block in the network. As a result, it can handle up to 10,000 transactions per second. Good for supporting large-scale commercial dApps.
  • Digital Identity: every member of the network, be it a person, a business, or an organization has a digital identity. To verify it, the system uses facial recognition, fingerprints, SMS, and other methods.
  • Multi-language Smart Contract System: this system supports all popular programming languages including Java, Javascript, Go, Python, and C++. A developer doesn’t need to learn a new language to get on board.

NEO Advantages

  • Focus on mass adoption: Ethereum only supports Solidity programming language. Its rival offers multiple options to developers.
  • Higher speed: The NEO network can process up to 10,000 transactions per second. Ethereum is well behind with only 15 transactions per second.
  • The government’s blessing: “Chinese Ethereum” enjoys the support of their national government. It opens the doors to the Asian markets and reduces regulatory friction.

What the Future Holds for NEO

How to Buy and where to Store NEO



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