I want to invest in cryptocurrency. I made my analysis and chose the best coin. I think it's good to invest in token NEO . I want to explain my point.
The NEO platform is the basis for a future new decentralized smart economy based on the blockchain. The NEO project is a continuation of the AntShares project, the brainchild of a Chinese entrepreneur named Da Hongfei, who is the head of OnChain. OnChain was created specifically to support the development of the NEO platform.
The idea of OnChain and the NEO platform is to develop a decentralized system for businesses and government agencies in China. On the NEO platform, companies and organizations can create their own private blockchains (own tokens that operate according to their own rules). NEO is a common blockchain on which tokens released on it work. In this, it is similar to the Ethereum platform.
The main goals and objectives that the NEO platform solves are:
-tokenization of real assets.
-reliable identification of users and digital assets.
-smart contracts.
I found the benefits of the NEO token.
1) For all existing NEO coins, the user automatically receives a reward, which is credited in the GAS cryptocurrency. The yield is approximately 3-4% per annum. To do this, it is enough to install an official wallet. The calculator of potential earnings is here.
2) Transaction Validation - to achieve a cosensus, the Delegated Byzantine Fault Tolerance (dBFT) technology is used, an implementation variant of the POS technology. The operations are confirmed by special bucciper nodes, which are chosen by the holders of the NEO token. To reach a consensus, 66% confirmation by the bukkiperi is enough. It works very fast, the NEO network can process 1000 transactions per second. But it’s hard to say how decentralized it is.
3) Smart contracts - are executed in the same way as on the Ether inside special virtual machines on user computers. Unlike Ether, NEO smart contracts go through mandatory optimization before launching so that it works as efficiently as possible.
So, I want to invest all my money in NEO.
Do you agree with me? What do you think about it?