3/11/2023 0 Comments Neo cryptocurrency tickerOne of the most important things to remember about Neo is that it uses two different native tokens. Interestingly, Zhang is the inventor of the ‘Delegated Byzantine Fault Tolerance’ consensus mechanism, making NEO the first crypto to use this algorithm. It was founded by Da Hongfei and Erik Zhang, both of which are chairpersons of the Neo Foundation. Neo (NEO) might not be one of the biggest names in the business, but this crypto has the accolade of being China’s first open-source blockchain - and is often referred to as ‘the Chinese Ethereum’.Īs mentioned above, NEO was initially founded as ‘Antshares’. Can process up to 10,000 transactions per second.Uses a Delegated Byzantine Fault Tolerance consensus mechanism as opposed to proof-of-work or proof-of-stake.
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