Neo (NEO) marks the 2nd anniversary since the mainnet launch and continues to expand its global presence
Early Growth of NEO and Expansion of the Ecosystem
NEO was one of the biggest hits in 2017. It was initially named Antshares, and at mainnet launch it traded around $0.08 with a market cap ranking around 535.
Antshares rose rapidly and, by August 2017 when it rebranded, reached 1 NEO = $40, expanding into the top ten. In the following months, before the bubble burst, its value quadrupled again and surpassed $160.
NEO’s dBFT consensus algorithm offers important advantages such as handling up to 10,000 transactions per second. It is widely recognized for its stability, security, and finality of blocks.
The NeoContract system has continued to improve since the mainnet release and is compiled in major languages such as C#, Java, JS, Python, and Go. NEO is one of the few blockchain projects that operates on its own virtual machine (NeoVM). NEP-5 contract assets are currently traded on most major exchanges.
This advantage has led to an active token ecosystem. On CoinMarketCap, there are 27 types of NEO tokens listed, surpassing EOS and XLM.
