NEO, formerly known as AntShares offers a smart economy through which government and business can automate and digitize digital assets. NEO was first released in February 2014. It is also popularly known as “Chinese Ethereum.” In short, NEO is a network where digital identities, smart contracts, and digital assets are maintained using blockchain technology.
NEO content education is divided into three sections to ensure that you can grasp the information systematically, i.e., beginner, moderate and proficient.
Welcome to our NEO guide. In this guide, we will cover every aspect of NEO and its related technology. If you are a beginner, then you have come to the right place!
Cryptocurrency currencies take the concept of money, and they take it native into computers, where everything is settled with computers and doesn’t require external institutions or trusted third parties to validate things. – Naval Ravikant
WARNING: When using and storing cryptocurrency, you are in effect are becoming your own bank. It’s your responsibility to protect yourself and your funds. There is no one to help you if you lose your passwords, make a mistake, get hacked, etc.
NEO is based on blockchain technology. To truly understand NEO, we would recommend reading about blockchain and how it works. If you haven’t heard about blockchain, don’t worry as we are going to cover it below.
NEO Basic Links:
Official NEO link: https://neo.org/
NEO explanation by CoinCentral: https://coincentral.com/what-is-neo-cryptocurrency/
What is NEO? 3 minutes video: https://www.youtube.com/watch?v=9U5m-X1ZNZQ
What is NEO smart economy? – https://bitcoinexchangeguide.com/neo-smart-economy/
NEO smart economy by Malcolm Lerider: https://medium.com/@MalcolmLerider/what-is-neo-smart-economy-381a4c6ee286
To understand NEO, we also need to get a proper understanding of GAS. GAS is a token which powers the whole NEO ecosystem and powers the smart contracts. It’s price depend on the market conditions and you NEO holders also get GAS on a daily basis depending on how much they have stored it in their wallet.
An introduction to GAS: https://coincentral.com/gas-introduction-neogas-crypto-within-neo/
NEO GAS Calculator: https://neotogas.com/1000
How to earn GAS from NEO: https://www.youtube.com/watch?v=OmpRwGbhYe4
What is NEO and GAS: https://hackernoon.com/what-is-neo-and-what-is-gas-5b9828a1aa65
Websites for getting an overview of cryptocurrency valuation markets. Some of the most important information to know when investing in a cryptocurrency is market cap (total coins in circulation compared to current price), price (in a fiat currency like USD and a major crypto like BTC), volume (fiat value of currency traded in a day), supply (circulating supply of a coin), social media buzz, and what exchanges it trades on.
There are four types of trading exchanges; broker exchanges, decentralized exchanges (DEX) and P2P exchanges.
Broker Exchanges– A broker exchange is one that allows you to buy cryptocurrencies exchanging your fiat currency (dollars, euro, yen) for cryptocurrency or sell your cryptocurrency back for fiat. This is the best cryptocurrency exchange type for beginners.
Popular Broker Exchanges in the US:
It’s a Big World! – Directory of exchanges by country/region: https://exchangewar.info/
Decentralized Exchanges – DEX’s allow you to trade cryptocurrencies with other people through the blockchain directly. Unlike a centralized exchange, there is no central authority (middleman) or main server required to make a transaction.
P2P Exchanges – P2P (peer-to-peer) exchanges allow you to buy or sell cryptocurrency without ID verification. You can even buy or sell crypto with fiat or cash. These are for experienced users.
Popular P2P Exchanges: Aphelion.org
You need a wallet to store NEO and NEP-5 coins. As you are using a decentralized currency, it is entirely your responsibility for storing the coins. Just think of yourself as a bank where you control everything.
Warning: We recommend getting hardware wallets only from the official manufacturer.
NEON Wallet: https://github.com/CityOfZion/neon-wallet/releases
NEO Tracker: https://neotracker.io/wallet
NEO Wallet: https://neowallet.cn/
Ledger Nano S: https://www.ledgerwallet.com/
NEON Wallet Tutorial: https://www.youtube.com/watch?v=ZWZFiixYfnM
Welcome to our moderate user segment. If you have bought some NEO and is now thinking of learning more about NEO, then you are all set! We will be discussing topics such as NEP-5 standard, NEO dApps, NEP-5 standard, Trading pairs and so on. Let’s get started.
What is a DApp? DApp is an abbreviation for decentralized application. A decentralized application (Dapp, dApp or DApp) is an application that is run by many users on a decentralized network with trustless protocols. They are designed to avoid any single point of failure. They typically require the use of coins or token to interact.
Great Article by Shaan Ray: https://towardsdatascience.com/what-is-a-dapp-a455ac5f7def
DApp Rabbit Hole Link: https://github.com/DavidJohnstonCEO/DecentralizedApplications
SUPER DAPPS is in the never-ending process of expertly curating all lives DApps for all blockchain protocols. There are thousands of DApps and the list is growing exponentially. SUPER DAPPS is segregated into 6 main categories: Business, Education, Gambling, GAMES, Lifestyle, Technology (Mario please hotlink to each i.e. – Ethereum.superdapps.com/games), and each category is broken down into additional sub-categories. In addition, we’ve sorted DApps on the Protocol level and are doing our best to translate everything into multiple languages. All for you!
Interacting with your NEO dApps is easy. All you need to do is use your choice of wallet. However, there is no browser app similar to MetaMask(Ethereum).
Warning: Never share your private key of the wallet to any of the dApps you use. If you share your private key with anyone, you risk losing part or all of your funds.
You can find the list of all the available dApps here: Official NEO dApp list: http://ndapp.org/
NEP-5 Standard stands for NEO Enhancement Protocol where the number five is a revision that is currently accepted by the community. It governs token’s essential features and its interaction with other tokens and the network itself.
Fun-Fact: NEO and GAS are NEP-5 standard. Also, most of the tokens used by dApp are also NEP-5 standard.
The Ultimate NEP5 Token List Guide by Nitish Singh: https://101blockchains.com/nep5-token/
NEP-5 essential functions: https://en.wikipedia.org/wiki/NEP5
How to Add NEP-5 to Neon Wallet: https://www.youtube.com/watch?v=vkFtefKta7c
What is NEP-5?: https://www.youtube.com/watch?v=a9aO6wr3FdI
Coins vs. Tokens
Cryptocurrencies are digital or virtual currencies that are encrypted (secured) using cryptography. All coins or tokens are regarded as cryptocurrencies, even if most of the coins do not function as a currency or medium of exchange. Coins (i.e. Bitcoin & Ethereum) have their own open-source blockchain protocol. Tokens are a representation of a particular asset or utility, that usually resides on top of another blockchain. Tokens do not have their own native blockchain. Tokens can represent basically any assets that are fungible and tradeable, from commodities to loyalty points to even other cryptocurrencies. For additional reading visit: https://masterthecrypto.com/ a great teaching tool.
Detailed Coins vs. Tokens Guide: https://www.bitdegree.org/tutorials/token-vs-coin/
3-minute video explanation: https://www.youtube.com/watch?v=arFv4OGwxgg
NEO is based on the idea of the smart economy. The smart economy consists of three essential elements including digital assets, digital identity, and smart contract. To get a better understanding of what NEO offer, we encourage our readers to read about NEO’s smart economy. The following links will help you do just that!
What is NEO Smart Economy? https://medium.com/@MalcolmLerider/what-is-neo-smart-economy-381a4c6ee286
NEO’s Smart Economy GitHub: https://github.com/neo-project/neo
Deep Dive into NeoVM & NeoContract: https://medium.com/neo-smart-economy/a-deep-dive-into-neovm-neocontract-e470c2c3afb0?source=search_post———9
NEO, Ontology, Chine & State of the Smart Economy: https://medium.com/@amateora/neo-ontology-china-state-of-the-smart-economy-716647648285