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RE: iuohnj

A very good post @lukebrn.....

I am sifting through your stuff and you provide valuable facts. This is becoming like a go to reference guide on tokens.

My question to you is what is the utility with NEO. I understand that it is attraction the attention of the Chinese but the Internet isnt geographic so I am not sure that holds much weight.

As for the things you mentioned like DApps and smart contracts, that is going to be on most, if not all blockchains here in the next year.

Do you agree with me the tokens that are going to move ahead are the ones that have utility in the sense people can earn them through their use? It seems NEO is another blockchain of buy in and we move stuff around.

Am I looking at this wrong?

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Thank you @taskmaster4450! Thank you, I'm glad to hear that you like my work. Well firstly it is actually backed quite strongly by the chinese government, which is natrually a good sign for a succesful company.

Regarding the utility of Neo, here are some points about it:

  1. Can handle 10,000 transactions per second
  2. Neo have developed an anti-quantum cryptography mechanism and claim that quantum computers can't hack them
  3. Their platform is aimed at digitzing _real world_ assets, which is a huge utility in my opinion.
  4. it does not have one specific function that makes it a "wow" coin, but when you combine all of that with its already large audience, I think it has a good future. That being said, from a general perspective, it is always better to look for coins with very specifc unique selling points. Neo is one of the few exceptions that provides a multitude of unique features but also has a lot of support!

    Oh and I forgot to mention the fact that you can build Dapps and smart contracts with so many different programming languages on Neo is a big plus. Hope this helps!