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  • Writer's pictureEmre Ata

NEO Coin Should Not Be Missing In Any Crypto Wallet (Neo Analysis) How to buy Neo Coin?

NEO Coin Should Not Be Missing In Any Crypto Wallet (Neo Analysis) How to buy Neo Coin?

The NEO Coin is one of the youngest cryptocurrencies. Some people deduce from this that NEO has a great investment offer - but there is more to it. We'll tell you what makes NEO really exciting, how it is particularly convenient to buy NEO, and what you need to consider when buying NEO. Steep Rise Of The CryptoCurrency. Many blogs are already celebrating the NEO cryptocurrency as the successor to the well-known cryptocurrency Bitcoin. There is hardly a currency that has gained in value as quickly as NEO and has risen to the top 10 of the most important cryptos by capitalization within a very short time: At the turn of the year, the NEO price had shot up, the capitalization had increased within a few weeks - a development that made investors sit up and take notice. There are various reasons why NEO Coins are particularly exciting for investors and crypto lovers alike. We want to go into the details in this guide, but it should already be said that the NEO is great for the Bitcoin regulation. From a point of view, NEO is comparable to Ethereum and competes with Ethereum. NEO enables the development of assets and contracts - you can find out more about the special features of NEO below in this guide. First of all, the following is about how you can buy NEO and what you have to consider when investing in the Ethereum competitor. NEO Coin Should Not Be Missing In Any Crypto Wallet (Neo Analysis) How to buy Neo Coin?

NEO Coin Should Not Be Missing In Any Crypto Wallet (Neo Analysis) How to buy Neo Coin?
NEO Coin Should Not Be Missing In Any Crypto Wallet (Neo Analysis) How to buy Neo Coin?

NEO Improves Ethereum Platform

NEO is a non-profit blockchain. As it goes on there, NEO was created to lead our economy into the new era of smart finances. In fact, the innovation of the NEO plan is state of the art and a few steps ahead of the actual blockchain of the cryptocurrency Bitcoin. Just like the Ethereum crypto, on which NEO is based, NEO offers the chance of so-called smart contracts.

These smart contracts operate agreements between two parties, usually, these are also a topic to a time limit. Thanks to the blockchain, manipulation is not possible and it is processed in time.

The administration is to be automated in order to realize the goal of a smart economy. With blockchain innovation, the digitization of assets can be decentralized, trustworthy, traceable, and free of intermediaries. Digital assets can thus be registered and traded thanks to the NEO platform and distributed.

What sounds a bit cryptic at first will play an important role in the future in communication over the internet. The aim of the NEO is to record transactions of real assets such as raw elements, real estate, and the like in the blockchain. 

In addition, NEO closes some loopholes that made contracts in Ethereum vulnerable to attackers. In other words: NEO uses a unique blockchain that expands and further improves the Ethereum vision. In contrast to Ethereum, NEO made communication and thus work with the framework from Microsoft possible from the start. NEO has also created an interface that allows programmers to work in the programming language. Further steps are planned, which should also make it easier for a broad mass of people to access NEO.

Should I Buy NEO As An Investor?

Anyone who believes in the future of cryptocurrencies, especially from a point of view, and who as an investor expects further price gains in the crypto industry should take a look at NEO. The NEO Coin should not be missing in any crypto wallet due to its promising network.

Our recommendation: If you want to buy NEO, note that the success of an investment in cryptocurrencies can hardly be predicted, especially not in the long term. You should only invest in cryptocurrencies if you are aware of the risks and do not shy away from sudden losses.

But if you know exactly what you are getting into with a crypto investment - including all risks and chances - then we recommend the following: If you buy NEO and then want to stay invested for the long term, you should buy the NEO Coin and save it in your own wallet. For short-term investors who only want to participate in the development of the NEO course, buying NEO is the better way. With a NEO-CFD you can participate in price movements particularly more relaxedly.

When you buy NEO, you receive a kind of return in the form of so-called GAS, provided you save the coins in the NEO wallet. According to various crypto blogs, this return corresponds to around 10 % of the value of the NEO coins in the wallet per year. So anyone who has invested 1,000 dollars in NEO receives GAS equivalent to 100 dollars every year.

Incidentally, GAS is another generation of NEO Coins that are processed whenever a new block is added to the blockchain. GAS is used as a transaction fee for NEO payments and for fees within the NEO platform. But you can also buy GAS on crypto exchanges.

Neo Wants To Record Real Values To Make Them Tradable

The NEO Coin is basically crypto forex. So there aren't any physical coins or fees. Nonetheless, the intention of the platform is to document real values and make them tradable. What it's exactly is beside the point: it may be real property, stocks, or artwork. These must be recorded and might then be traded in a decentralized and trustworthy manner of a blockchain. A prerequisite for that is also the institution of digital identities. These are known as NeoIDs and make certain that handiest tested people take part in buying and selling. That you may authenticate yourself, for example, in the way by way of the message.

Smart Contracts Ensure Safe Trading

Each real asset is assigned a signature and the people involved are also given a unique identity. Now, however, it must still be ensured that the agreements are adhered to. If, for example, a share is transferred through the NEO, the trading partner must always receive the agreed value. There are so-called smart contracts for this or more precisely: NEO Smart 2.0. These have a relatively difficult structure. For example, if the share is transferred, the money must also be transferred afterward. How many conditions are strung together is up to the contracting. One advantage of the NEO Coin: Unlike many other currencies, the transactions can be carried out in any currency.

Does The Joint Model Work?

A fundamental issue with currencies based on a blockchain is that it can take some time before a transaction is confirmed. The larger the blockchain, the greater the risk. Within the NEO platform, it should therefore be possible to split off your own blockchains and enter transactions there.  This should enable the trade to be accelerated. However, there is also a risk here: It is not yet certain whether it can actually be prevented that certain values ​​are used twice - for example, money in different blockchains is used several times.

Exchanges on which NEO is traded

Strictly speaking, it is initially a digital retail platform. However, one speaks of a cryptocurrency because there are two digital units. On the one hand the NEO token. This was established and generated at the beginning of the blockchain. There are 100 million tokens and no new ones are being added. The NEO token works as a share: ownership means that decisions about the NEO platform can be made. The majority of the tokens are currently still in the possession of the development team. The second currency unit is the NEO GAS. This is generated continuously - until 100 million units will also be available in around 18-22 years. The NEO Gas can be traded on exchanges, but it is also distributed as a reward if someone provides computing and thus confirms a transaction.

The Price Development Of The NEO Coin?

As with many different cryptocurrencies, there used to be robust demand best in the summer. Before that, the cost was once best marginally above the one greenback mark. Seeing that then, nevertheless, there have been strong cost fluctuations, however, all in all, a large broaden in price. This progress has so far culminated in an excessive valuation of currently simply over a hundred twenty-five dollars per token. This means that the NEO Coin is rated vastly slash than the Ethereum and has a capitalization of just over eight billion bucks.

How to buy Neo?

Author: Emre Ata Author LinkedIn

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