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Neo

Neo
Neo

Neo describes itself as an open-source platform driven by the community. It utilizes blockchain technology and digital identities to digitize and automate the management of assets using smart contracts. Using a distributed network, it aims to create a smart economy by building infrastructures of the next-gen Internet and creating a solid foundation for mass blockchain adoption. Learn more at (https://neo.org)

What Is NEO?

NEO was founded as AntShares by Da Hongfei and Erik Zhan in China in 2014 and was rebranded “NEO” in June 2017. It is a blockchain-based platform that supports its own cryptocurrency and enables the development of digital assets and smart contracts.

NEOaims to automate the management of digital assets through the use of smart contracts, with an eventual aim of building a distributed network-based smart economy system. (For more, see Are Smart Contracts the Best of Blockchain?)

Digital Equivalents on the NEO Platform

NEO theoretically describes its Smart Economy System as (Digital Assets + Digital Identity + Smart Contract = Smart Economy)

Assets can be easily digitized on the NEO blockchain in an open, decentralized, trustworthy, traceable and transparent manner that is free of intermediaries and their associated costs.

Users are able to record, buy, sell, exchange or circulate various kinds of assets. The NEO platform allows for linking the physical asset with an equivalent and unique digital avatar on its network. NEO also supports the protection of assets. Those assets registered on its platform have a validated digital identity and are protected by law.

How do I buy cryptocurrency?

While some cryptocurrencies, including bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoin or another cryptocurrency.

To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or ethereum.

Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell bitcoin and other cryptocurrencies.

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