Chinese companies are inclined to implement the structure of Western technology, and then use it to create their own for the domestic market.
NEO is a crypto currency in China and is a response to other decentralized systems in the West, with an open source framework such as Ethereum.
NEO seeks to replace Ethereum , at least in China. But the Chinese neo has some significant differences compared to Ethereum, which we discuss below.
At present, Ethereum is the second largest crypto currency in value, behind only bitcoin.
Unlike Bitcoin, Ethereum allows you to use smart contracts on your network, which makes it very attractive for many things and different scenarios.
NEO, like ethereum, is also based on an open platform with similar functions of the etherium. Both of them allow users to create, store and trade tokens .
Although Etherium is already used by a wide range of companies to provide services, NEO currently has 27 providers that have their own DApps opened on the NEO platform.
These services include Wi-Fi exchange companies, as well as providers of synoptic forecasts . The list of DApps offers will inevitably grow on NEO, as it will receive a greater degree of relevance both in the world and in the Chinese market.