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.

This page was last updated on January 28, 2025.