#Neo is an open-source blockchain platform founded in 2014 that aims to create a smart economy by digitizing assets, digital identity, and smart contracts. Known for its focus on interoperability and regulatory compliance, NEO seeks to facilitate the tokenization of physical assets and the automation of processes through smart contracts.
Main Features
1. Digitization of Assets: NEO allows physical assets, such as properties and shares, to be tokenized and managed on its blockchain.
2. Digital Identity: Implement a verified digital identity system, essential for secure operations.
3. Smart Contracts: Automate agreements through smart contracts, eliminating intermediaries.
4. NEO and GAS: NEO holders generate GAS, used to pay fees and execute transactions.
5.dBFT Consensus: An efficient consensus algorithm that allows for thousands of transactions per second.
Scalability and Two-Year Projection
With NEO 3.0, the platform has significantly improved in terms of scalability, reaching thousands of transactions per second and utilizing a decentralized storage system, NeoFS, to increase the efficiency of dApps.
In the next two years, NEO is expected to grow in the following aspects:
- Institutional Adoption: Thanks to its regulatory compliance, NEO could be adopted by financial institutions and governments.
- Expansion of dApps: The ecosystem of decentralized applications and DeFi on NEO will continue to grow.
- Increased Value: Demand for NEO and GAS will increase with network expansion, boosting their value.
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