Chinese Ethereum: NEO Emerging in the Cryptoverse


Source: theubj.com theubj.com

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Founded by Erik Zhan and Da Hongfei, NEO was introduced as AntShares in 2014 and was rebranded in 2017. Supporting its crypto, it is a blockchain-based platform enabling the development of digital assets. Some people say it’s called the Chinese Ethereum because it somehow reminds them of the U.S.-based blockchain. The use of smart contracts and the management of digital assets are helpful for the intelligent economy. The etymology of the Term “NEO.” NEO originated from the term “young and new”, translated into Greek. About Ethereum, Neo is the young and new version of it. Moreover, it was China’s project...