NEO, formerly known as Antshares, is the first open-source cryptocurrency launched in 2014 in China. At first, 100 million NEO coins were issued in the cryptocurrency. Later in 2017, they changed its name from Antshares to NEO. In other communities, NEO has been given the name of Chinese Ethereum and Ethereum’s Killer.
The ultimate goal of NEO ethos is to support a global dApp ecosystem and empower anyone in the whole world looking to join NEO’s vision of a smart economy. NEO looks forward to creating a smart economy that connects digital and traditional assets. Another crypto-token launched by NEO is called GAS has previously known as ANC-Altcoins. NEO issued a total of 100 million GAS tokens for production. NEO holds the ownership of the NEO blockchain.
Moreover, NEO is a non-profit community-based blockchain project. It uses digital identity and blockchain technology to digitize different assets. It goes through all of this to create digital assets using smart contracts and realize an innovative and smart economy with a wide distribution network.
What is the future of NEO?
NEO, the first-ever open-source cryptocurrency launched in 2014, has finally begun to hit the crypto news wires again. With smart contracts being the key to Decentralized Finance (DeFi), various protocols have started to adopt NEO. The key will always be taking advantage of Ethereum’s capacity issues; however, the most important would be the exchange support for protocols that adopt NEO’s blockchain in DeFi. NEO looks to be in a rather promising position due to the anticipated growth in the DeFi space, keeping in mind the little activity the ICO market is showing.
How to exchange NEO to BTC?
Here’s a simple step by step process to convert NEO to BTC:
NEO to BTC exchange seems a risky yet straightforward process as it risks your investments. You cannot do anything on chance while converting the cryptocurrency as it can waste your investment.
Select the NEO and Bitcoin in the exchange window, and you can enter any amount you want to exchange between them. You can change the amount till the time you lock it. In the next step, choose whether you want to exchange the crypto at a fixed price or not. If you don’t want to buy at a fixed price, you can choose between the fixed and floating rates.
However, enter the full address in the text box to secure your transaction. Then, you’ll be you’re your exchange wallet address and the amount of crypto you want to exchange. If nothing seems incorrect, you can press the “done” button to initiate the conversion. Congrats!
What can BTC do in the future while NEO can’t?
Satoshi Nakamoto in 2008 stated that Bitcoin is a borderless and decentralized currency. Bitcoin seems an alternative to the government for the current currency and can also serve as a bank-controlled fiat currency. However, 13 years later, this vision appears uncompromised. The bitcoin price seems to be controlled via the large sharks, including Whales, Musk, or other investors- converting bitcoin from decentralized to centralized.
In 2021, the price of Bitcoin has touched $60,000, with many positive changes in the market, including large banks opening their cryptocurrency desk and Goldsman Sachs reopening the crypto trade. Bitcoin can be a choice for International Trading as well as per Citi. Paypal and Tesla have already invested in Bitcoin. Tesla seems to be more interested as Elon buys $1.5 billion Bitcoin this year. However, the NEO’s future, on the other hand, is still confusing and vague. You can cryptocurrency prices for conversion at this link and trade like a pro!