Crypto Almanac - Part 204 Beginners Guide

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Source. Crypto info.com

What is Neo?

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Neo is an open source, community driven project that is using the technological breakthrough of blockchain and digital identities to digitize and automate the management of assets via Smart Contracts. Using a distributed network, Neo is creating a smart economy by creating a foundation for mass blockchain adoption.

Neo uses a consensus algorithm with high stability, high transactions per second and single block finality that creates a lightweight, cross-platform virtual machine.

The Neo blockchain also features a built in oracle service that enables Smart Contracts to access off-chain information and a voting mechanism that enables on-chain governance and a decentralized identity protocol.