In the long term, according to analysts, NEO has the potential to reach the $100 level. That’s a good thing in the long run, and if NEO gets anywhere near Ethereum’s level of success, it’s pretty clear. Finally, let’s briefly examine the advantages of NEO and what it offers us.
Smart Economy
Smart economy is one of the highlights of NEO. It is completely different from what other cryptocurrencies offer, especially Ethereum. The smart economy consists of digital assets, digital identities and smart contracts. Using the smart economy, it will be possible to digitize physical assets on the blockchain. Once digitized, they can stay on the blockchain and enjoy benefits such as decentralized, transparent, reliable and traceable. Anyone can register an asset.
Digital Identity
A digital identity is a way to register any organization, individuals or other entity that may have an asset. It is powered by a system known as the Public Key Infrastructure (PKI).
Smart Contracts
To keep the entire infrastructure working, developers can use smart contracts. Unlike Ethereum, creating smart contracts on NEO does not require you to learn a new programming language. This means that any developer can start on the NEO platform and build a smart economy.
The ability to use any programming language is done thanks to NEO’s Universal Lightweight Virtual Machine. Also known as NeoVM. The virtual machine offered by the NEO platform is efficient, precise and scalable. So, does that mean there is no need for DApps on this platform? No. NEO also supports DApps development.
GAS
GAS is the most beneficial advantage of the NEO platform. It can be defined as the asset mapping of NEO. So what does that mean? This means that altcoin holders will receive GAS. It is a dividend paid for owning NEO. It is distributed according to a formula. If you have NEO in your wallet, you will receive GAS every day. For example, if you have 100 NEO, you will receive 0.03411 Gas per year. The price of GAS has increased in the last few months, making it an excellent incentive to hold NEO.
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