What is NEO?

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What is NEO?

NEO is a crypto currency based in China. It’s often dubbed the “Ethereum of China” in fact because NEO and ETH (Ethereum) share a similar idea which is that they both are a platform for smart contracts. So why does NEO think they can beat ETH? Here’s a couple reasons why:
NEO is dBFT and requires no miners. Ethereum is using a very energy intensive and expensive POW (Proof-Of-Work)
NEO can do up to at least 10,000 transactions per second whereas Ethereum can do only 15 transactions per second right now.
Smart contracts can run using common programming languages on NEO, Ethereum can only run in Solidity which only a small population knows.
NEO is focused on digitizing assets with digital identity and can do smart contracts where ETH only does the latter.
From the Neo.org website:

THE TECHNOLOGY
BEHIND NEO
Through technologies such as P2P networking, dBFT consensus, digital certificates, Superconducting Transactions, and cross-chain interoperability the NEO blockchain enables management of smart assets in an efficient, safe and legally binding manner. — Neo.org
Ethereum today is the standard, but it will have to fight to remain that way.
NEO is designed to overtake ETH, and potentially even Bitcoin. While I do express doubts about it over-taking the worlds first crypto-currency I do believe that eventually, unless ETH upgrades its software and core dramatically, NEO will overtake ETH. NEO was made to bridge the gap between the ‘old’ world and the ‘new’ world, instead of just creating a new one. ETH has created it’s own virtual world, where only crypto fanatics truly understand how it works. NEO is planned to work with the banks and consumers, to make crypto available for everyone and to make it extremely convenient.
Ethereum is planning some promising looking upgrades that (hopefully) will increase the transaction speed but a majority of those will require a fork of some kind. While a fork usually is bad news, Ethereum has shown that it has very little trouble with hard forks and it has always come out fine. The only exception to ETH’s perfect record is when the DAO hacked occurred which made holders want to reverse it by “going back in time” before the hack so that users will get their ETH back. People disagreed with that and a split occurred. Read more about that here.

NEO doesn't require hard forks or any forks at all for that matter, but that has it’s downsides as well.

All in all, ETH and NEO are akin to twin brothers competing for attention and fame against one another. They both have their pros and cons and it’s up to you to do your own research to determine which one is more suited for the title of king.

Does NEO only have 2 developers?
No. NEO has at least 24 developers from CoZ (City of Zion) and 6 paid developers that work directly with NEO. Keep in mind Bitcoin has 15 core developers.

How come the developers don’t show on github?
A lot of the developers work in private mode for repositories on GitHub. Many GitHub commits are merged into one large update and is then pushed out/published. It’s much more effective and simpler than spamming the GitHub with hundreds of commits a day.

Does the Chinese regulating ICO’s affect NEO?
In short, not really. NEO is designed to be in compliance with any and all regulations and is in regular contact with Chinese Authorities. Regulating these ICO’s actually help weed out the scammers and increase public trust in ICO’s. It’s better to lay out all the rules of the game early on so that we don’t hang in suspense waiting for regulations. The earlier the better.

Why aren’t the devs communicating more?
The developers don’t lie around slack all day making promises and shillng NEO, they have better things to do. Why try to convince someone, when you can just show them. They all are actively developing NEO and for those who want a coin whose creators don’t develop, but just advertise their coin, this isn’t the one for you. NEO isn’t a hype-coin, in fact it’s the least likely candidate. NEO doesn't advertise or publicize it’s self for short term gains, it’s planning for the long term.

In Conclusion: NEO is a great long-term investment and is definitely worth a look! (Imagine buying ETH at $33)
Note: The writer of this article owns NEO.
Tips (NEO/GAS) : AV8egHgkgsRmpMSm6dN6C8FwepnUeTJdoS
Credits : NEO.org