| NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug10

[sxafir]

When mainnet neo launch?

[Shkembe]

A Distributed Network of Smart Economy

WEB SITE · WHITE PAPER · REDDIT · TWITTER · SLACK · SOURCE CODE · FAQ

On June 22th, Antshares blockchain, China's first ever original and open source public chain project, has been officially renamed NEO. Inspired by the same Greek prefix meaning innovation, modernization and youth, the project wishes to share a similar sentiment. And apparently, one can also take the meaning from the protagonist of ‘Matrix’: Neo, The One who woke up and changed the world.

With the success of Antshares, we hope that this rebranding can usher in a new age of this blockchain. One that puts more emphasis on realizing a smart economy through the use of smart contracts, making registering, distributing and trading digital assets more intelligent.

LATEST UPDATES

[Aug. 3 2017] What is NEO: An Interview With NEO co-founder DA Hongfei

Credit goes to Boxmining for this awsome and informative interview!

[Aug. 3 2017] NEO and blockchain-labo.jp | meetup in Tokyo, Thursday, August 10, 2017 [Event Detail]

[Aug. 2 2017] NEO and ELASTOS reaching strategic collaboration to further the development of the Smart Economy: [Article]

We are finalizing our rebranding process. Look forward to August 8th, when we'll unveil our brand new website↓ and release a wallet update! [Related Article]

We've just held our first AMA on the NEO subreddit!!

NasdaQ: Antshares Rebrands, Introduces NEO and the New Smart Economy(also on Bitcoin Magazine. )

CCTV(China's predominant TV broadcaster): China's first original open source blockchain platform has launched. Watch here


Design goals and Technical Advantages*

Our goal: To be the vanguard in the effort of building a smart economy.

SMART ECONOMY

=

Digital Assets + Digital Identity + Smart Contracts

Digital Assets:

The main design goal of NEO’s predecessor (Antshares) was ‘Digital Assets for everyone’, to build a digital financial system bridging the real-world assets. With blockchain technology, the digitization of assets can be decentralised, trustful, traceable, highly transparent, and free of intermediaries.
Continuing from this original intention, NEO firmly believes that it is an irreversible trend that real-world assets become digital and programmable. To reach this goal, Antshares takes a very different underlying design:

• Use Digital Certicate to Guarantee Trust

       NEO supports digital certificates, solves the potential problem of untrustworthy nodes on a public blockchain. With digital certificates, one can legally issue assets on the blockchain and be protected by the regulations.

• Original Superconduct trade mechanism

       This mechanism makes a trustless digital exchange possible. Support decentralized digital assets exchange. Match between sellers and buyers will be handled without need for users to deposits anything on the exchange.

On the NEO blockchain, users are able to register, trade, and circulate multiple types of assets. Proving the connection between digital and physical assets is possible through digital identity. Assets registered through a validated digital identity are protected by law.

Digital Identities:

Digital identity refers to the identity information of individuals, organizations, and other entities that exist in electronic form.

For digital identities on blockchains to have rights, they need to be legally authenticated. The most widely accepted digital identity system is based on the PKI (Public Key Infrastructure) X.509 standard. We will implement a hybrid trust mechanism supporting X.509 + Web of Trust. Our verification of identity when issuing or using digital identities includes the use of facial features, fingerprint, voice, SMS and other multi-factor authentication methods.

Smart Contracts:

Smart contracts are automatically executed programs in the blockchain environment. A blockchain system that supports smart contracts makes it possible for any kind of contracts, rules or instructions to be automated.
The NEO Smart Contract 2.0 (NeoContract) includes the following features: high certainty, high concurrency, and scalability. The contract types include: validation contracts, function contracts, and application contracts.

• Write Smart Contracts in any language

       The difference between NEO Smart Contract 2.0 and Ethereum is that NEO is more intuitive: unlike the original Solidity language in Ethereum, the NEO smart contract can be used directly by almost any high-level programming language. Supporting languages such as C#, Java, Go, developers can quickly start developing smart contracts on NEO blockchain.

• NEO VM lightweight Virtual Stack Machines

       NEO uses a lightweight VM that has short booting time and takes up a small amount of resources. The instructional setup of the NEO VM includes a series of cryptographic instructions to optimize the execution efficiency of cryptographic algorithms in Smart Contracts. Both features are very much suitable for short programs such as smart contracts.

Other Features:

• Better Scalability: Distributed Storage Protocol - NeoFS

       When competing with traditional technology solutions, scalability is the handicap of blockchain technology. In order to have a censorship-immutable and trust-free system, blockchains such as Bitcoin compromises latency and throughput in its design.

        NeoFS is a distributed storage protocol that utilizes Distributed Hash Table technology. Large files will be divided into fixed-size data blocks that are distributed and stored in many different nodes. The old block data can be stored in NeoFS, so that most of the full nodes can release the old data for better scalability and at the same time, ensure the integrity of historical data.

        At the moment, the block generating rate is manually set at 15 seconds. With low enough latency in inter-nodes connection in the future, most blocks will be generated by every 1 second. With the bandwidth at 100Mbit/t and external cryptographic computing hardware, NEO Blockchain is capable of handling thousands, if no tens of thousands, of transactions per second.

• Innovative dBFT consensus mechanism

       Consensus nodes use Byzantine Fault Tolerance(dBFT) Algorithm to reach consensus and ensure the finality of transactions. The system is operable as long as less than 1/3 of the nodes are dishonest. It is also ensured that the system keeps its finality, meaning that once confirmations are final, the block can not be bifurcated, and the transaction will not be revoked or rolled back. (more)

• Cross-chain interoperability protocol -NeoX

       This protocol allows multiple participants to exchange assets across different chains and to ensure that all steps in the entire transaction process succeed or fail together.
It is possible by creating a contract account for each participant using the NeoContract function. Any chain should be compatible with NeoX as long as they are compatible with NeoContract or can provide simple smart contract functionality.

• Quantum-computer-proof technology: NeoQS

       The emergence of quantum computers creates a major challenge to RSA and ECC-based cryptographic mechanisms. For quantum computers can solve thses cryptographic prblems in an extremely short time. Using Lattice-based cryptograph signature and encryption technology, NeoQS can prevent the quantum crisis as Lattice-based cryptography provides encryption problems (e.g. SVP) beyond the capability of quantum computers.

*For more in-depth information on NEO’s design goal and technical advantages, please reference our whitepaper.

NEO Seed Project

NEO Seed is a project aimed at developers around the world. With this project, NEO hope to spread the knowledge on NEO blockchain and bridge the distance between NEO and community developers. We hope to see more developers taking part in new smart contract projects. In the meantime, we shall endeavor to promote new projects on smart contracts, construct the NEO ecosystem, and hopefully find out and foster outstanding projects and project teams.

λ            Blockchain Workshop

NEO will form a ‘Blockchain Workshop’, uniting the technical members of the community to establish a dedicated column on blockchain technology. This column will update the news about blockchain technologies and discuss about the application practices based on NEO. Technology volunteers will comprise this club. They can submit contents about their related technologies. The NEO team will check these contents before letting them go public.  

λ            Blockchain Programming Day

NEO plans to organize online open courses to help global developers open the gate to the smart contract application and development. For the developers with great ideas, NEO would provide technical assistance to help them develop their targeted blockchain applications.  

λ            Testing your NEO applications on the Testnet

If you are starting a NEO ecosystem application project, and need NEO or GAS in the test net, please fill in the following application form and send it . Once your application is passed, you will receive an email notification.

Note: Application form currently only available in Chinese, please reference this file for the translation of each entry.

Developer's Corner

Introducing directories on GitHub

/docs   Technical documents including the whitepaper. See the technical doc on /docs/index.md  ||  getting-started.md offers an introduction to the development of NEO.

/neo-compiler    Compiles Smart Contracts written in multiple coding languages like C#, VB.Net, Java, and Kotlin

/examples          A collection of smart contracts written in C# that can run on the NEO blockchain. You can reference these for the syntax and details on how to write smart contracts.
For more on writing Smart Contracts, please see /introduction.md

/neo     class library of the project

/neo-cli      Full Node with Command Line Interface, designed for developers.

/neo-gui     Full Node with Graphic User Interface, aka Client.
For more on nodes please see /node/introduction.md

/neo-vm  Visual Studio Virtual Machine

/neo-devpack-dotnet    Development Kit


FAQs*

*The full FAQ is available at GitHub. This document is still under constant update.

• What is the purpose of rebranding? What new things will the rebranding bring?

           NEO wants to be more professional, combining digital assets, securing digital identity and allowing users to write smart contracts in multiple coding languages like Javascript, C++ and Python.
            NEO is the use of blockchain technology and digital identity to digitize assets, the use of smart contracts for digital assets to be self-managed, to achieve "smart economy" with a distributed network.
            Additional features will include NeoMessage that supports secure, encrypted peer-to-peer messaging and NeoFS, a distributed cloud storage. Smart fund investments, Online Networking and a Decentralized Exchange will also be implemented in the near future.

• When will the new NEO website be updated to fit the rebrand?

           NEO Website & Network will be released on August 8.

• What's the relationship between ANS and Neo?

           Neo is the new name of Antshares(ANS), Neo gas is the new name of Antcoins(ANC). Your ANS will become Neo automatically after the rebrand. Similarly, Your ANC will become Neo Gas as well.

• What's the relationship between NEO and NEO Gas?

           NEO is the ’shares‘ of the Neo blockchain system. As long as you possess NEO, NEO Gas will be generated automatically in the system according to generation strategy and you can claim your NEO gas as dividends. NEO stands for ownership of the system, NEO gas stands for the right to use the system.

• Where do I start?

           PC: Download the NEO client.
            MAC/Web: use the web app .
            You can find more information and apps on our reddit sidebar.


NEO Community

Reddit: https://www.reddit.com/r/NEO/
Slack: https://neosmarteconomy.slack.com/
QQ: 23917224
Twitter: https://twitter.com/NEO_Bloackchain
Facebook: https://www.facebook.com/NEOSmartEcon/
Blog: https://neo.org/Blog

You can access the latest developments and news on NEO on any of the platforms above. You can post your feedback and advice about NEO on these platforms well. We welcome the participation of volunteers from all over the world. Anyone with expertise and willing to help can get in touch with members of the NEO team. With your help, we hope to bring NEO to a bigger and better place.

The next controversial project by this gang of thieves. I suppose there will still be an unpaid advertising campaign. I have never imagined that the Chinese can cheat like that.

[Ashara]

Hello,

one thing from NEO white paper has concerned me.

"NEO, with a total of 100 million tokens, represents the right to manage the network. Management rights include voting for bookkeeping, NEO network parameter changes, and so on. The minimum unit of NEO is 1 and tokens cannot be subdivided."

Now does that mean that you can buy only 1 NEO, an not 0.1 , 0.5 or even lower than that?

If it does that is quite troublesome. Now when NEO is 11$ there is nothing to worry about, nobody wants to buy only 0.5 NEO or 0.001 or something like that.

But when the price will grow( we hope it will) and it will reach let's say 100$ or even 200$ per NEO. Now somebody would like to buy NEO but not necessarily 1 NEO, but some smaller amount 0.5 or 0.05 but he or she won't be able to.

How will price continue to grow if most of the small investor will be disappointed when they won't be able to buy smaller amount of NEO, that is less than 1 NEO.

I mean you can buy ETH, STRAT, QTUM every token similar to NEO in much smaller amounts like 0.0001 even.

Why did creator of NEO do that, dont they expect NEO will grow or what?

NEO is essentially a share in the network. You cannot buy half a share in a company either. Each share also represents a vote. Votes cannot be split either. The GAS NEO uses is fully divisible, so in various instances it would then be more useful to use the GAS instead of the NEO. Berkshire Hathaway as Warren Buffet's company has shares that are worth more than $200000 each and that apparently is not detrimental to Berkshire Hathaway. The matter that NEO is indivisible also offers great advantages such as that NEO is not meant to fork unlike almost all other cryptocurrencies. It also means that a proper decision making tool is in place, so that when the community disagrees, they vote on it and the matter should be settled and settled permanently. So you will not have any 'Ethereum Classic' or 'Bitcoin Cash' situations at NEO. When NEO states that 100 million NEO and GAS are in existence at most, then that is truly the limit and there is no fork that will keep increasing the quantity through such 'creative means'. If too many forks happen it will erode confidence significantly. Now there might only be 2 Ethereums and 2 Bitcoins, but imagine the chaos if they turn into 6 or more different versions of each other and there is nothing from stopping individuals from doing just that.  

NEO is mostly focused on using blockchain technology for the smart economy which will make numerous facets of the economy far more efficient. In contrast many other cryptocurrencies are only focused on being usable a currency and that is about it. The real value in blockchain technology is in how it can improve the economy. The PoW mining farms which hold entire cryptocurrencies hostage and are then marketed as the 'people's money' when all they are doing is acting like central bankers have little to offer the world. With the NEO platform in time you will for example be able to book hotel rooms and acquire access to them without requiring any personnel....the process could all be digitized and automated. Likewise you would be able to buy a piece of an otherwise illiquid good such as a rare painting or perhaps you would like to search for real estate and then buy 0.1% of an office building (and automatically receive monthly dividends via the blockchain on that). You could likewise prove your ownership via the blockchain which would be free from manipulation. Blockchain can likewise be used to transfer important documents that should only and will only be seen by the counterparty to which they are sent. These are but a few of the many possibilities of the NEO blockchain. A dAPP could of course also be developed on top of NEO that could optimally function as currency, but that is not their primary focus. NEO seeks to remain compliant with governments in order to assist in conducting business in the real world and directly competing with central banks is not the way to do it. Sure, central banks should be in the hands of the people and not private corporations pretending to be public institutions, but that issue should be resolved in another way......not giving power to mining farms and then pretending the issue is resolved as that only moves the problem.  

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When mainnet neo launch?

NEO's mainnet launched in October 2016.

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Any idea when will bittrex etc change the name? Now it seems to be quite confusing. I like the ant-logo much more than the neo-logo.

Antshares (ANS) had a nice theme behind it, but the 'share' aspect caused confusion at times as to what it was in the cryptocurrency sphere. At the same time it encompassed very well what an ANS was. Nevertheless NEO has a more mature and modern image and the key aspect is the focus on the smart economy and that message simply cannot ever be conveyed as well with Antshares. All in all I think this is an excellent step in the right direction, but I can understand that it will take some time to see the true value of the new image. Then again, the rebranding has not even been completed, so at the moment the two cannot properly be compared.

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The next controversial project by this gang of thieves. I suppose there will still be an unpaid advertising campaign. I have never imagined that the Chinese can cheat like that.

It looks like you are the real scammer. You have added nothing of value whatsoever except for acting like a leech. I know.....I have seen your post history. I do not feel sorry for leeches not getting rewarded for being a leech.

[Coin_trader]

After a year of existence, they renamed/rebranded the antshares into neo, then how about after another year? Will you rebranded this one again?
I am just wondering why rebranding needs renaming why not just apply the development and retain the name? antshares had gone so far as per your evaluation.

[jkirby19]

Will NEO pass STRATIS today and even Monero and enter in top 10?

[burner2015]

After a year of existence, they renamed/rebranded the antshares into neo, then how about after another year? Will you rebranded this one again?
I am just wondering why rebranding needs renaming why not just apply the development and retain the name? antshares had gone so far as per your evaluation.

I think Neo is much better for MASS adoption. 

[Gaius Cryptus Tradius]

Hello,

one thing from NEO white paper has concerned me.

"NEO, with a total of 100 million tokens, represents the right to manage the network. Management rights include voting for bookkeeping, NEO network parameter changes, and so on. The minimum unit of NEO is 1 and tokens cannot be subdivided."

Now does that mean that you can buy only 1 NEO, an not 0.1 , 0.5 or even lower than that?

If it does that is quite troublesome. Now when NEO is 11$ there is nothing to worry about, nobody wants to buy only 0.5 NEO or 0.001 or something like that.

But when the price will grow( we hope it will) and it will reach let's say 100$ or even 200$ per NEO. Now somebody would like to buy NEO but not necessarily 1 NEO, but some smaller amount 0.5 or 0.05 but he or she won't be able to.

How will price continue to grow if most of the small investor will be disappointed when they won't be able to buy smaller amount of NEO, that is less than 1 NEO.

I mean you can buy ETH, STRAT, QTUM every token similar to NEO in much smaller amounts like 0.0001 even.

Why did creator of NEO do that, dont they expect NEO will grow or what?

I think that is a huge problem.
Imagine that NEO is 1000 $ and then you send a fraction of that like 1.6 to your wallet. You only get 1 NEO, so 600 Dollars is lost. That is really crazy right now!

[fia_naila]

plus of NEO
1. it has good platform ( it was ant share before )
2. it is from china which has a biggest population in the world.
3. if people only in china use it the price will goes upprety high
4. IMO it is still undervalue

[jkirby19]

Fricking sellers we were that close to geting in to top 10

[EleanorZ]

I think that is a huge problem.
Imagine that NEO is 1000 $ and then you send a fraction of that like 1.6 to your wallet. You only get 1 NEO, so 600 Dollars is lost. That is really crazy right now!

- You can buy/sell/hold fractions of NEO on an exchange until you have whole multiples and are ready to transfer. If you have 1.6 NEO, transfer 1 to your wallet and leave the 0.6 on the exchange temporarily (or sell it). You are not forced to 'lose' the 0.6; that only happens if you choose to transfer a fraction.

- NEO are, essentially, shares in the network. Real-world shares in a company are also not normally divisible--you can't normally buy half of a share in Apple, say (so, really, the fact that exchanges allow you to buy fractions of NEO is the weird part, not the fact that the wallet will only hold whole multiples). But 1 share in Apple is more than $150 USD; one share in Amazon is almost $1000 USD; and one share in Berkshire Hathaway is $270,000 USD. Would you say that those companies have been hurt by the fact that their stock can't be bought and sold in fractions?

[Its About Sharing]

Will NEO pass STRATIS today and even Monero and enter in top 10?

NEO is really interesting. It was hidden behind the scenes because it is in China of course and wasn't really available here. Interesting thing, I heard in a video today that it's been out since 2014 (or that is when they started it, forget) and in a way, the tech is superior to ETH's. Not a knock against ETH, I think anyone who comes out first, they get the advantage of first mover, but the strong disadvantage of trying to fix a car while it is running. Neo took more of their time, saw where ETH went wrong (e.g. one blockchain, speed, serious scaling issues, etc. ) and just improved (or plans to improve) on it.

If you just think about this coin, think of how the Chinese love to support their own stuff, and then look at the incredible tech (and to be fair in some cases tech to come as it is not a finished project yet, but the people behind it are worthy, well known and capable.) - you get something that can really explode. I'm not sure how it will stack up against EOS if EOS realizes its potential, but it probably isn't going to matter as this space is just exploding and China alone is enough to make something #1 or up there.

My "expectations" for NEO are huge, really. Imagine ETH at $12, and more for the Western World (back then), and now enter NEO for more of the world (just cause of where the space is now, with China behind it)....   Neo over $100 at some point this year would not at all surprise me. And if mainstream jumps on board, hedge funds, etc. this is going to give ETH a run imo.

[Starving_Marvin]

I think that is a huge problem.
Imagine that NEO is 1000 $ and then you send a fraction of that like 1.6 to your wallet. You only get 1 NEO, so 600 Dollars is lost. That is really crazy right now!

- You can buy/sell/hold fractions of NEO on an exchange until you have whole multiples and are ready to transfer. If you have 1.6 NEO, transfer 1 to your wallet and leave the 0.6 on the exchange temporarily (or sell it). You are not forced to 'lose' the 0.6; that only happens if you choose to transfer a fraction.

- NEO are, essentially, shares in the network. Real-world shares in a company are also not normally divisible--you can't normally buy half of a share in Apple, say (so, really, the fact that exchanges allow you to buy fractions of NEO is the weird part, not the fact that the wallet will only hold whole multiples). But 1 share in Apple is more than $150 USD; one share in Amazon is almost $1000 USD; and one share in Berkshire Hathaway is $270,000 USD. Would you say that those companies have been hurt by the fact that their stock can't be bought and sold in fractions?

Then what happens to the NEO that disappear if somebody accidentally sends a fraction? Does the exchange get to keep them or am I missing something?

[ePesoInitiative]

Holy crapo! The OP has more pizzaz than the old Antshares OP. Are the devs more responsive now in this thread? I prefer Erik Zhang to post directly in here though.

[Bigbobbasher]

Top 10.neo: the world is yours!!!

[itsmeram]

Neo Plane starting now.... every one try to get in before take off

[Kennedy]

Good project, good development, good devs and good community ,i love NEO !

[VampiricElder]

Only a few days left until August 8th, this is the last chance to buy at these prices, and then we witness the next "Ethereum". $100+ per coin coming soon

[samedison_22]

Neo is my favorite Alt Coin, I started investing around $8 and added more and more all the way, when it tanked to $4 in the last month. Wish I should have bought more.

NEO is the next biggest altcoin. 

[VampiricElder]

Its almost in top 10, half a million market cap left to become number 10 😎

[burner2015]

Neo is my favorite Alt Coin, I started investing around $8 and added more and more all the way, when it tanked to $4 in the last month. Wish I should have bought more.

NEO is the next biggest altcoin. 

Who thinks we reach the 20$ in August?