Is Neo really the glitch in the matrix? (Technical analysis chart)

What up Crypto Squad!
I LOVE Neo, and here's why.

Let’s start with Neo’s purpose, which is to deploy smart contracts..

A smart contract is a computer protocol intended to facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts were first proposed by Nick Szabo in 1996.

The smart contracts built on the #Ethereum blockchain require a small fee of a currency called #ETH to operate.

A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data.

By design, blockchains are inherently resistant to modification of the data. A blockchain can serve as "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.

For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.

The more peers, the stronger the protocol.

The first distributed blockchain was conceptualized in 2008 by an anonymous person or group known as Satoshi Nakamoto and implemented in 2009 as a core component of #bitcoin where it serves as the public ledger for all transactions.

The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending problem without the need of a trusted authority or central server.

The bitcoin design has been the inspiration for other applications.

Ethereum is a peer-to-peer platform that has incorporated a fresh canvas for a creative software developer to build a decentralized application, aka Dapp.

Dapp developers whom choose to create with the Ethereum blockchain require a currency called ETH to operate smart contract transactions.

In order to obtain ETH you must 'mine' it or buy it from someone else who has mined it themselves, or find a trader.

Mining is called mining because it's relative to mining gold or silver from a mountain side. It takes knowledge, time and money but pays off. 'Miners' build upgraded computers and run the necessary programs to yield ETH, which is instantly tradable. 1 ETH costs over $300 today.

An up and coming competitor of Ethereum is the Neo blockchain. This creation serves the same purpose as Ethereum, to host Dapps although the the fundamentals are different.

Dapp developers whom choose to create with the Neo blockchain require a currency called GAS to operate smart contract transactions.

In order to obtain GAS you must 'stake' it or buy it from someone else who has staked it, or find a trader.

Staking is like driving a stake into the ground. Tokens put in place with the intention of holding them in your wallet, which immediately returns you a dividend called GAS. You are able to claim that GAS every 5 minutes.

The Neo blockchain has two coins. NEO tokens are not divisible within the wallet. You must send only whole numbers to that specific location.

NEO is currently trading at $29. When Neo is $300 it will be a far more valuable investment, not to mention the potential GAS cost.

Here is an NEO/GAS return calculator https://neotogas.com
Let's says you have 1,111 NEO/S which is currently $35,620.44

YOU GENERATE FOLLOWING GAS REWARD
Current Rate: GAS = $23.46/USD
Per Year - 140.6 - Actual dividend: 9.26%

You become a creator of the currency GAS by simply holding the currency generator token NEO.

Here is a list of 100s of Dapps and their stats associated with the Ethereum blockchain.
https://www.stateofthedapps.com/

There have been two Apps built on NEO. AdEx was the second one. You can find the list here.
https://neo.org/dapps

Neo spawned out of China and its rapid rise quickly caught the governments attention. Regulations were imposed and this blockchain has been lurking in the shadows. Word on the streets is that China may lower its hand a bit..

Ethereum was $10.50 last year at this time. It has had a 3,000% increase. If you invested 1000$ that would be over $300,000 right now

Neo is currently 30$

Price action MUST break out above $40 for this technical analysis to unfold.

There is too much great info at https://neo.org where you can download their client wallet for free!

This one is along term creeper for sure!!

Check out the wallet.

#neoblockchain #neo #gas #neotogas #smartcontract

If one of your investment strategies is dividend returns I highly suggest you investigate https://neo.org/

This is the website for the Neo blockchain protocol. This blockchain supports the transactions of two encrypted currencies called NEO and GAS. NEO is the 'stock' and GAS is the dividend which is rewarded to stockholders in real-time.

Yes, you are earning 'free' money every second. You can 'claim' this GAS every 5 minutes by simply clicking the 'claim' button. More importantly, you are the CEO of this wallet where the NEO is held. At any time you may trade the NEO or its GAS for bitcoin.

That bitcoin can be utilized in any fashion.

For example.

1,125 NEO were sent to this wallet. The GAS immediately began generating.

'Claim' was clicked when some was built up.

You can only claim every 5 minutes.

There is a 2 hours lapse between the first wallet transaction and the example transaction. At the current GAS value per coin that was a $0.73 return. 36 cents an hour for investing in a world changing vision ain't too bad. About 11% return per year.

All transaction on the Neo Blockchain are public so the everything is also away accounted for.
You can locate your transaction here https://neotracker.io/ by imputing the transaction ID, or simply click on the transaction in the wallet ledger.

If you'd like you can make a bookmark of the https://neotracker.io/ search of your public key, this way you're just one click away from the content of your wallet and can check on how much GAS you've been earning!

When NEO is trading in the four figures I'd imagine that GAS would have greatly appreciated along its mother's side.

Additionally, GAS is required to pay for the initiation of smart contracts on the Neo blockchain creating a for-sure demand. Who will benefit from stepping into the supplier's shoes?

...or should we say wallet.

Wish you the safest and happiest investing!
Kudos to @Ejhfast for developing this.
https://github.com/Ejhfast

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