What Is NEO Cryptocurrency?
The apt way to answer the question “What is NEO cryptocurrency (NEO coin)?” is to call it a hybrid blockchain cryptocurrency. Unlike Bitcoin (BTC) and Ethereum (ETH), which rely on the proof-of-work consensus algorithm, NEO coin (NEO) uses a delegated Byzantine Fault Tolerance (dBFT) consensus mechanism, which ensures finality of transactions and supports more transactions at any given time.
Based in China, NEO coin is often thought of as China’s answer to Ethereum, and some even call it “Chinese Ethereum.”
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Written by Mohan Garikiparithi @ https://www.profitconfidential.com/cryptocurrency/neo/buy-neo-cryptocurrency-neo-coin-5-different-ways-explained/ February 21, 2018 Mohan Garikiparithi