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Truth and facts[edit]

  • NEO is a non-profit community-based first blockchain project with an open source code in China.
  • NEO is similar to Ethereum, where it allows developers to develop applications on its blockchain.
  • Neo is originally known as Antshares.
  • Using NEO and GAS tokens.
  • A lot of people refer to NEO as the Ethereum of China.
  • NEO focuses on smart contracts and decentralized applications, just like Ethereum.


  • Slogan: smart economy
  • NEO is based in Shanghai, China.
  • NEO first introduced and project started in year 2015.

Video Playlist[edit]

What is NEO? Explained

00:00 Hey guys it's Derrick, follow me on Twitter and steam it for more frequent market updates and news.
00:02 Today I'm going to be going over to NEO, so what is NEO?
00:04 NEO was formerly known as antshares until about a month go and they rebranded that are named in NEO.
00:10 As most of you have probably heard new as often times referred to the Ethereum of China, NEO price has exploded from roughly $5 do over $30 in just the past couple weeks, that's over 600 percent gains.
00:24 Insane price movement is catching the eyes of a lot of investors as you could imagine and Neo is climbing its way into top ten crypto currencies in terms of market capitalization.
00:35 I bought some NEOs, a small part of my portfolio when it was around $6, so I'm really excited to see these gains.
00:41 So let's get into the details of what NEO is and exactly what NEO does.
00:45 NEO is one of, if not the largest competitor to Ethereum.
00:50 Like Ethereum, their focus on smart contracts and decentralized applications.
00:55 Understand NEO.
00:55 You first need to understand how Ethereum works on a basic level, because NEO functions very similarly to Ethereum.
01:02 Basically how it works is NEO like Ethereum, is a platform for people to build decentralized applications and smart contracts on top of the NEO blockchain.
01:13 Now I'm going to get into what are the key differences between NEO and Ethereum.
01:17 So one of the hurdles of Ethereum is that they created their own coding language to write applications on top of the Ethereum blockchain.
01:26 So to build an application on top of Ethereum’s blockchain, coders must first learn a new code that the Ethereum developers created.
01:34 Because coders have to learn a new code to utilize Ethereum blockchain, the entry barrier to use Ethereum is kind of high.
01:41 Now coins such as NEO, you can basically do the same things you can do on top of Ethereum, only it's supposed to be significantly easier to use because developers can write code in JavaScript and other already existing code languages.
01:53 So the barrier for entry is a lot lower and it's a lot easier to use NEO from the get-go to build programs off of NEO’s blockchain.
02:02 Now developers can develop applications on top of NEO blockchain, a lot easier and in multiple different code languages.
02:09 Now the downsized NEO is still a lot newer.
02:12 Ether already has plenty of startups and use cases that are currently in use.
02:16 Ether has had quite a head start here.
02:18 I'm not saying Ethereum or NEO is better, I just want to help you guys understand what NEO really is and what they're trying to accomplish as it has been catching a lot of attention lately.
02:26 Thanks for watching and subscribe for more short and informative videos, thanks.

Frequently asked questions[edit]

  • What is the main difference between NEO and Ethereum?
NEO mainly uses a more commonly used javascript compared to Ethereum.

Alexa Ranking[edit]

  • 41,601 (Global)
  • 20,303 (U.S.)
  • updated on Dec 13, 2017