Showing posts from August, 2017

What is NEO?

A Chinese Cryptocurrency: NEO has captured the attention of the cryptocurrency community after seeing explosive growth of 700% since the beginning of August. Formerly known as Antshares, NEO has been called the “Ethereum of China.” The project aims to usher in a new Smart Economy by offering a suite of financial technologies that will change the way the world views commerce. Users can create and manage their own digital assets, create legal protections for those assets through digital certificates, and control the distribution of assets using smart contracts.

Founded by Onchain CEO Hongfei Da and core developer Erik Zhang in June 2014, NEO made their project open-source in June 2015 and released the white paper in September of the same year. NEO raised $556k in their initial ICO in November 2015 and $4.5 million in a second ICO from August to September 2016. Development has been supported by Onchain, a Shanghai-based blockchain company founded in 2014 to provide marketing and consultin…

A Beginner's Guide To Understanding The Top Five Cryptocurrencies

As more and more people take notice of Bitcoin and the revolutionary potential of blockchain technology there has been increasing interest in the role played by altcoins. “Altcoin” refers to any cryptocurrency (otherwise known as digital assets, tokens, or coins) other than Bitcoin and awareness of their existence leads many investors and enthusiasts to wonder: are these just knockoffs of Bitcoin or do they have some value of their own as well? Where does the value of Bitcoin come from?
In order to understand the importance of Bitcoin, blockchain technology, and altcoins, we're going to take a look at the top ten cryptocurrencies as listed by market capitalization. In cryptocurrency we measure the market capitalization by multiplying the amount of digital tokens in circulation by the average spot price listed on major exchanges. The most popular resource for keeping up with this information is
Bitcoin may not have been the first cryptocurrency but sin…