0:00:00.030,0:00:02.220
the top successful tech companies in the

0:00:02.220,0:00:04.080
world control the majority of the data

0:00:04.080,0:00:06.629
but in the largest country in the world

0:00:06.629,0:00:08.730
these companies are non-existent in

0:00:08.730,0:00:11.790
China it is common to find copies of

0:00:11.790,0:00:13.440
some of the world's most popular

0:00:13.440,0:00:17.180
companies WeChat Alibaba Baidu

0:00:17.180,0:00:20.430
Anjaani are hardly original ideas but

0:00:20.430,0:00:22.529
they dominate China's tech industry and

0:00:22.529,0:00:23.910
make up for some of their most

0:00:23.910,0:00:27.090
successful companies ultimately any

0:00:27.090,0:00:28.980
country that doesn't want to stop

0:00:28.980,0:00:31.320
innovation won't ban crypto in

0:00:31.320,0:00:33.600
perpetuity which is why I don't believe

0:00:33.600,0:00:36.420
the China ban will last forever they

0:00:36.420,0:00:38.280
will regulate the industry within their

0:00:38.280,0:00:40.860
own country and back a company that is

0:00:40.860,0:00:43.530
best for their citizens introducing neo

0:00:43.530,0:00:45.920
the etherium of China a blockchain

0:00:45.920,0:00:48.600
platform dedicated to creating the smart

0:00:48.600,0:00:51.329
economy Neos leadership is an ongoing

0:00:51.329,0:00:53.610
talks with the government and currently

0:00:53.610,0:00:55.890
helping the regulators with blockchain

0:00:55.890,0:00:58.469
consulting as a more centralized

0:00:58.469,0:01:00.510
blockchain neo keeps the conversation

0:01:00.510,0:01:02.760
going with the government to make sure

0:01:02.760,0:01:06.030
their regulatory compliant in my opinion

0:01:06.030,0:01:08.369
no blockchain will be able to complete

0:01:08.369,0:01:11.030
industrial adoption if they are 100%

0:01:11.030,0:01:14.610
decentralized neo central importance is

0:01:14.610,0:01:17.430
on creating digital identities agreed

0:01:17.430,0:01:19.500
upon by the international standards in

0:01:19.500,0:01:22.799
securing them on their blockchain this

0:01:22.799,0:01:25.200
focus on digital identities makes neo

0:01:25.200,0:01:27.330
more centralized than aetherium and

0:01:27.330,0:01:29.340
gives them the ability to be compliant

0:01:29.340,0:01:31.170
with the Chinese government's

0:01:31.170,0:01:34.020
regulations now neo has been able to

0:01:34.020,0:01:36.240
take the ideas of aetherium and make

0:01:36.240,0:01:36.810
them better

0:01:36.810,0:01:39.240
a few compelling reasons neo is more

0:01:39.240,0:01:41.939
advanced than aetherium includes the way

0:01:41.939,0:01:45.180
Neil's network is run when powering the

0:01:45.180,0:01:47.700
etherium blockchain users send pieces of

0:01:47.700,0:01:50.100
ether known as gas to help send

0:01:50.100,0:01:51.899
transactions through the network

0:01:51.899,0:01:54.450
if you send one-eighth to someone they

0:01:54.450,0:01:57.220
only receive about 0.99

0:01:57.220,0:02:00.070
however on the Neil blockchain there is

0:02:00.070,0:02:02.710
a separate gas token that carries out

0:02:02.710,0:02:05.530
all the operations because of Neos proof

0:02:05.530,0:02:07.930
of steak platform it takes nearly zero

0:02:07.930,0:02:09.930
energy for transactions to take place

0:02:09.930,0:02:12.940
which is why it is essentially free to

0:02:12.940,0:02:16.060
send and receive neo in the end neo

0:02:16.060,0:02:18.400
holders receive these gas tokens as a

0:02:18.400,0:02:20.680
way of staking their neo tokens and

0:02:20.680,0:02:23.950
securing the network so basically your

0:02:23.950,0:02:26.200
investment in neo gains you interest as

0:02:26.200,0:02:28.930
gas because of this unique proof of

0:02:28.930,0:02:29.950
stake action

0:02:29.950,0:02:32.140
Neos block chain runs considerably

0:02:32.140,0:02:35.020
faster than aetherium x' at 1,000

0:02:35.020,0:02:37.150
transactions per second with the goal of

0:02:37.150,0:02:40.030
reaching 100,000 transactions per second

0:02:40.030,0:02:42.670
lastly one of the best ways to create

0:02:42.670,0:02:44.680
mass adoption is partnering with

0:02:44.680,0:02:47.920
existing institutions and companies Neos

0:02:47.920,0:02:50.680
best partnership could be on chain the

0:02:50.680,0:02:52.930
company dedicated to bringing blockchain

0:02:52.930,0:02:55.420
to businesses they are responsible and

0:02:55.420,0:02:57.550
helping neo lock down many impressive

0:02:57.550,0:03:00.700
partnerships including Microsoft of

0:03:00.700,0:03:03.989
China the Japanese Ministry of Economy

0:03:03.989,0:03:07.360
Alibaba fo soon group China's largest

0:03:07.360,0:03:09.790
private conglomerate and the Chinese

0:03:09.790,0:03:12.450
regional government neo is currently

0:03:12.450,0:03:15.760
$100 and has a circulating supply of 65

0:03:15.760,0:03:18.310
million tokens if they were to grow at

0:03:18.310,0:03:20.380
the same rate as aetherium it would be

0:03:20.380,0:03:24.310
around $500 in August when China opens

0:03:24.310,0:03:27.130
up icos and blockchain development there

0:03:27.130,0:03:29.140
will be a major shift in the market

0:03:29.140,0:03:32.290
since before the ban China made up for a

0:03:32.290,0:03:34.239
majority of the crypto trading volume

0:03:34.239,0:03:37.000
worldwide but thinking Neil will replace

0:03:37.000,0:03:38.800
aetherium is unrealistic

0:03:38.800,0:03:41.020
there is always room for competition and

0:03:41.020,0:03:43.390
competition is good for the industry

0:03:43.390,0:03:46.690
however with China's population of 1.3

0:03:46.690,0:03:48.940
billion people paired with the quick

0:03:48.940,0:03:51.430
growing economy what will happen to neo

0:03:51.430,0:03:52.930
when China clears their ban on

0:03:52.930,0:03:54.040
cryptocurrency

0:03:54.040,0:03:56.860
or even more fascinating what will

0:03:56.860,0:03:58.900
happen if China's government is

0:03:58.900,0:04:00.730
lucha's neo as their number-one

0:04:00.730,0:04:04.200
blockchain inside of the Great Firewall

0:04:04.200,0:04:08.150
[Music]

0:04:17.209,0:04:19.829
hey guys max Bart here thanks for

0:04:19.829,0:04:21.450
checking out the video and I want to

0:04:21.450,0:04:23.550
give a quick shout out to everyone that

0:04:23.550,0:04:26.940
voted for this neo video basically we

0:04:26.940,0:04:29.100
have a private Facebook group where I

0:04:29.100,0:04:32.160
pose a few questions last week I posted

0:04:32.160,0:04:35.370
a poll what video I should do next you

0:04:35.370,0:04:37.290
guys voted for Neil so that's what you

0:04:37.290,0:04:39.450
got if you guys are not a part of the

0:04:39.450,0:04:41.700
Facebook group check that out link is in

0:04:41.700,0:04:43.920
the description join that and vote for

0:04:43.920,0:04:46.620
the next video that I will do so with

0:04:46.620,0:04:48.480
that being said if this video helped you

0:04:48.480,0:04:50.160
out at all please leave us a like and

0:04:50.160,0:04:52.740
let us know in the comments section if

0:04:52.740,0:04:54.090
there's anything we can help you out

0:04:54.090,0:04:56.760
with and you know maybe I'll maybe I'll

0:04:56.760,0:04:59.670
do a few videos on blockchain technology

0:04:59.670,0:05:02.220
and stuff like wallets and that kind of

0:05:02.220,0:05:04.380
stuff instead of you know reviewing and

0:05:04.380,0:05:07.290
going over views of coins now with that

0:05:07.290,0:05:10.350
being said I did miss a few things about

0:05:10.350,0:05:13.380
me oh so do your due diligence double

0:05:13.380,0:05:16.169
check other stuff I'll leave a bunch of

0:05:16.169,0:05:18.470
links in the description in the bio

0:05:18.470,0:05:20.970
whatever it's called so you guys can

0:05:20.970,0:05:23.700
check out other articles videos and that

0:05:23.700,0:05:25.440
kind of stuff neo is a really cool

0:05:25.440,0:05:27.630
project I learned a lot just by making

0:05:27.630,0:05:29.940
this video so yeah guys check it out

0:05:29.940,0:05:32.130
have some fun and that's all I have to

0:05:32.130,0:05:33.300
say for today guys

0:05:33.300,0:05:36.960
this is Vali Krypto I'm max bard Bally

0:05:36.960,0:00:00.000
out