The difference between NEO and Bitcoin
The main points that distinguish NEO from bitcoin.
- Direct mining of NEO is not feasible, only GAS can be mined to pay commissions.
- Bitcoin mining depends on the power of the miner’s technical base. The larger the pool of farms from the video cards, the more active the production. In the NEO system, GAS mining occurs solely due to the presence of coins in the wallet.
- To organize large-scale mining of bitcoin, large purchases of iron and organization of production are required (connection of a high-power power line, cooling system, etc.). For GAS mining, a direct investment infusion is sufficient. Every 2,000 coins of “Chinese ether” bought will stably accumulate exactly 1 GAS coin per day.
- Bitcoin has a maximally decentralized blockchain system, in contrast to NEO pseudo-decentralization.
- The processing speed of one NEO block is only 15 seconds. For bitcoin, as much as ten minutes. In the future, the acceleration of block processing for NEO is predicted by up to 1 second.
Despite the risks associated with organizing blockchains, NEO remains a very promising platform in the cryptocurrency market.
NEO Course Forecast
At the moment, the coin is one of the ten leaders among cryptocurrencies and demonstrates a pretty good increase in the price of a coin. The range of fluctuations, like that of any cryptocurrency, is quite wide, but in general, the NEO rate is kept in the region of 40-42 US dollars per 1 token. High probability of temporary depreciation for correction. NEO will be at the stage of the horizontal trend for the time of correction. The predicted level for the correction time is $ 20-30. However, there is no unequivocal opinion among experts. It is likely that the rise will continue, and the correction will take place in the form of some stagnation at the level of $ 45 per coin. In general, for 2018 it is expected to grow to $ 100 and above. The intensity of growth will be directly affected by news of negotiations on legalization with the Chinese authorities and subsequent after legalization contracts with financial giants.
Those who want to earn NEO have good chances to increase their personal capital by investing finances now. The prospects for NEO are extremely high.
Neo exchange rate to the dollar:
NEO Storage Wallets
On the official NEO website, you can find links to the following wallets.
- Wallet NEON-Wallet from a group of independent developers «City of Zion». Pretty good, but the factor of third-party development and the presence of bugs impose their risks.
- NEO-CLI. This wallet is recommended only to programmers and people who are fluent in the command line.
- NEO-GUI. The best option for the average user. To use it, you need to download the application, synchronize the blockchains and make a backup of your wallet. All. Now you can safely conduct financial transactions using Chinese crypto coins.
There is also the option of storing directly on exchanges, but this is risky. In addition, holding coins on the exchange, and not in your personal NEO wallet, you will not generate GAS.
NEO: purchase and exchange
You can buy-sell NEO on exchanges or exchange in multi-currency wallets. The most famous exchanges:
For the CIS, the best option is to buy through BestChange:
- we start a Yandex ruble wallet or QIWI, and a cryptocurrency wallet on one of the exchanges;
- we buy ether, bitcoins or any other cryptocurrency available on BestChange, paying from a ruble wallet;
- start a Neo-wallet;
- go to the exchange, the crypto wallet of which you entered earlier, for example, on Bittrex;
- buy coins on the exchange.
As the cost and popularity of NEO grow, a massive increase in trading floors is projected, where you can buy or sell Chinese Ether.
Ways to get NEO
Unfortunately, at the moment there is no way for direct production of NEO in the manner of Bitcoins and Ether.
Nevertheless, there is a way out. You can use NEO cranes. Cranes are called resources where a user receives a cryptocurrency reward for completing certain tasks or participating in lotteries. At the moment, NEO cranes are quite a few. But still, there is, for example, Qoinpro.
There is a good chance that if you are successful in legalization negotiations, OneChain will provide additional ways to get your tokens.
As you can see, NEO is a very promising and rapidly developing cryptocurrency. And although the Chinese government has created some difficulties, on the example of Bitcoin we see how high the cryptocurrency rate can rise if the factors hindering development disappear. So, the prospects for NEO are optimistic and you can risk investing in them.
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