Neo (NEO) Current Live Value

NEO (NEO)

NEO (NEO) was originally launched in 2017 as antshares, but was rebranded in 2017. It is a cryptocurrency and decentralized application platform designed for the digitization of assets and the management of these digital assets through the use of Smart Contracts. NEO coins are used to pay for the transaction costs of operating on this network, and the token is also available for trading on a large number of major digital currency exchanges. The value of NEO saw explosive growth during the 2018 cryptocurrency boom. It has since fallen to lower levels that remain elevated compared to its original price. It is currently a top 20 cryptocurrency by total market cap.

NEO is centrally controlled and has a focus on future development projects aimed at promoting major business applications. This is in contrast to other cryptocurrencies, such as Bitcoin (BTC), that are decentralized and operate on majority consensus among miners. The initial coin offering (ICO) saw a large portion of its coins being held back to be released to the development team in the future to fund further developments.

NEO has been criticized for slow performance and high transaction fees in the recent past. Developers have promised to address these issues and to continue to improve the platform as a hub for decentralized business applications.