Last updated on October 23rd, 2017 at 06:29 am
NEO, formally known as Antshares, was founded in 2014 as a way to bring together smart contracts—a digital identity system—and the exchange of digital assets. With this novel vision, Antshares became China’s first open-source blockchain technology. During its exponential ascent in value in 2017, NEO offered investors an ROI of more than 21,000%, and it currently has a market cap of more than $1.45 billion.
The long-term vision of NEO is focused on completely reinventing commerce by merging the traditional economy with the digital economy into something coined the “Smart Economy.” NEO aims to utilize the blockchain to manage smart assets in a legal, safe, and efficient manner that no other company has been able to do thus far.
The main reasons for NEO’s entering the prestigious top 10 cryptocurrencies based on market cap were its active community and its large, sophisticated development team.
The NEO Smart…