Neo (NEO)
- Official Website: neo.org
- Definition: Neo is a blockchain platform designed for smart contracts and decentralized apps, often called the “Chinese Ethereum.”
- Category: Blockchain, Layer 1 chain, Cryptocurrency.
- What It Is: A platform for building and deploying dApps and smart contracts.
- Function: Enables fast, low-cost transactions and decentralized governance.
- Analogy: Think of Neo as a digital ecosystem. It supports a wide range of applications and services.
- Pros: Scalable, developer-friendly, strong focus on smart contracts.
- Cons: Centralization concerns, competition from other Layer 1 chains.
- Controversies: Criticism of governance model, declining relevance.
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This page was last updated on January 28, 2025.
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