CMC#	Market Cap (USD)	Volume (24hr)	Circulating Supply	NVTS	Change (7d)	Change (24h)	Savings Per 1K
23	$959,266,000.00	$548,256,000.00	70,538,800 NEO	--	8.29%	-5.74%	-$1,127.37

Background

NEO, originally named Antshares and sometimes called the "Chinese Ethereum", is China's first open-source blockchain platform developed to facilitate the easy construction of a digital economy complete with digital identities, assets, contracts, and payments. Founders Da Hongfei and Erik Zhang aim to offer a more-easily scalable, versatile platform that supports a panoply of programming languages, which are compiled in a secure executable environment called NEO Virtual Machine (NeoVM). NEO aims to compete with Ethereum and other projects that position themselves as developer-friendly decentralized protocols to launch a strong foundation for a future digitized "smart" economy. NEO also aims to implement features like quantum-computing resistance and inter-chain operability for the most competitive a distributed "smart economy" network.

Technology

NEO's virtual machine code compiler is designed to support a sizable list of languages including: C#, Java, C, C++, GO, JavaScript, Python, and Ruby. NeoVM is a lightweight, general-purpose virtual machine that is intended to support small programs (e.g. smart contracts) or can be ported into non-blockchain systems. NEO's goals of cross-chain interchangeability features come from NeoX, a protocol that supports cross-chain asset exchange and distributed transactions, which is to say it aims for consistency and executability of transactions across multiple protocols. For its consensus mechanism, NEO relies on delegated Byzantine Fault Tolerance (dBFT), which can support up to 10,000 transactions per second. Validating nodes are randomly selected to confirm on-chain transactions by a collective of book-keeping nodes, which mimics the consensus mechanism of protocols like Stellar in some ways. Chain hard forks are more more complicated under dBFT consensus than Proof of Work (PoW), for example. Users cannot fork the chain at will like under PoW consensus since dBFT requires a two-thirds user majority to operate. NEO also supports two native tokens: NEO and NeoGas (GAS). NEO is a payments token that also confers governance rights over the network's changes and development. GAS is a fuel token for the NEO virtual machine useful for executing smart contracts and supporting applications built on NEO.

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Trades

• altcoindeals_bot purchased 1000 NEO at $17.1353 on Jul 6th, 2019 10:39am for a total of $17,135.30 when the price was up 0.37% for the day.
  • altcoindeals_bot purchased an additional 1000 NEO at $10.1026 on Jul 16th, 2019 21:23pm for a total of $10102.6 when the price was down 16.65% for the day. to average the price to $13.61895 per NEO.
  
  -- If held and sold today, altcoindeals_bot would lose $39.70 or 0.15%.

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