An Open Network For Smart Economy

Formerly known as Antshares, NEO is reinventing commerce with blockchain technology by creating a smart economy in which businesses and governments will be able to digitize assets and automate their management.

Often referred to as the "Chinese Ethereum," NEO is a distributed network that combines digital assets, digital identities, and smart contracts.

Trade agreements are written in code as Smart Contracts, and stored on NEO's blockchain.

Using the blockchain to track wine shipments is merely one example of the many practical applications of NEO. Developers can use Smart Contracts to trigger certain actions if the right criteria are met automatically.

From a functionality standpoint, NEO wants to reinvent the way business is conducted by creating a smart economy with deployable Smart Contracts - on the other hand, Ethereum is a platform that hosts decentralized applications on their blockchain network.

NEO has made it clear that digital identities are a central focus of their project, as they are essential for the creation of a smart economy.

When users pay fees in the form of GAS on the NEO network, those fees are awarded to bookkeepers as compensation for validating the network.

Blockchains that have been developed with DNA link up to the NEO network and join the smart economy.

NEO's Smart Contracts can be written in a variety of popular languages, whereas Ethereum requires developers to learn its new and unique language, Serenity.

NEO is creating a decentralized and immutable smart economy in which users can digitize physical assets and track them via the blockchain.