NEO Blockchain A Smart Move Towards Crypto Economy

1. “NEO Blockchain” A Smart Move Towards Crypto Economy Consagous Technologies LLC

2. According to the research, in March 2017, there were nearly 700 different crypto currencies but now that number has increased as it keeps coming with more robust and secure methods of the payment transaction. • Over the last twelve months, this trend increased the enthusiasm for the industry and accelerated its growth into next level. • Now one more digital currency is added to this list i.e. NEO,that aims to make non-digital assets more verifiable, transparent and universally connected. Consagous Technologies LLC

3. What is NEO? The “NEO” is an open network, aiming to serve the future smart economy i.e. digitized, programmable and trustless economy. Consagous Technologies LLC

4. Digital Asset • It’s an NEO blockchain platform that allow users to register, transact and trade various types of digital asset. • These are programmable assets, exist in the form of electronic data. • All the assets are registered through an authorized digital identity that is protected by law. Consagous Technologies LLC

5. 2 Types Of Digital Assets NEO Provides • Global Assets:- These assets are accessible & identifiable by all the smart contracts and can be registered in the given system. • Contract Assets:- These types of assets are recorded in a separate storage area and require an authorized client to access them. It has to match with certain predefined protocols in order to achieve congeniality with clients who are using it to transact. Consagous Technologies LLC

6. Digital Identity • It refers to the identity information of the organization, individuals, and other entities that exist in electronic form. • For businesses, it is very important to maintain the digital identity related to the transaction in social platforms, previous it was difficult to manage it which causes bad customer experience. • This mechanism replaces the OCSP mechanism with the Blockchain tech to make it a more reliable and authenticate to maintain digital identity. Consagous Technologies LLC

7. Smart Contract • In 1994, Nick Szabo first introduced the Smart Contract in the world. According to him "When a pre-programmed condition is triggered, the smart contract will execute the corresponding contract terms.” • NEO smart contracts are known as Neo Contract and it offers expandability, certainty and high performance. • There are basically three types of contract:- Validation Contracts. Function Contracts. Application Contracts. Consagous Technologies LLC

8. The Concept Of NEO’s Smart Economy • The vision behind creating NEO was to shift our traditional economy towards smart economy using the capabilities of decentralized blockchain mechanism. • It follows the following concept to materialize its conceptualization. • NEO wants to integrate all the digital assets, smart contracts, and digital identity into its network. Consagous Technologies LLC

9. NEO’s Token NEO has two native tokens i.e. • NEO — formerly known as Antshares (ANS):- This is an investment token of NEO blockchain ecosystem. The minimum unit of NEO is one and it cannot be subdivided. • GAS — formerly known as Antcoins (ANC):- It legitimize the network resource control of NEO blockchain and charges the network related activities like running Dapps, smart contracts. It also offers incentives to stakeholders for maintaining the blockchain network. Consagous Technologies LLC

10. Conclusion • The NEO is a most powerful and secure technology that offers right infrastructure to build a smart economy that can become the backbone of the future IT industry. • If you are looking for services of latest technologies than we can help you. Contact us to skyrocket your business horizon with our expert mobile app development team. Consagous Technologies LLC

11. Are You Looking for a Blockchain App Developer? Contact us https://www.consagous.com/blockchain-services/ https://www.consagous.com/ info@consagous.com Consagous Technologies LLC

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