the top successful tech companies in the
world control the majority of the data
but in the largest country in the world
these companies are non-existent in
China it is common to find copies of
some of the world's most popular
companies WeChat Alibaba Baidu
Anjaani are hardly original ideas but
they dominate China's tech industry and
make up for some of their most
successful companies ultimately any
country that doesn't want to stop
innovation won't ban crypto in
perpetuity which is why I don't believe
the China ban will last forever they
will regulate the industry within their
own country and back a company that is
best for their citizens introducing neo
the etherium of China a blockchain
platform dedicated to creating the smart
economy Neos leadership is an ongoing
talks with the government and currently
helping the regulators with blockchain
consulting as a more centralized
blockchain neo keeps the conversation
going with the government to make sure
their regulatory compliant in my opinion
no blockchain will be able to complete
industrial adoption if they are 100%
decentralized neo central importance is
on creating digital identities agreed
upon by the international standards in
securing them on their blockchain this
focus on digital identities makes neo
more centralized than aetherium and
gives them the ability to be compliant
with the Chinese government's
regulations now neo has been able to
take the ideas of aetherium and make
them better
a few compelling reasons neo is more
advanced than aetherium includes the way
Neil's network is run when powering the
etherium blockchain users send pieces of
ether known as gas to help send
transactions through the network
if you send one-eighth to someone they
only receive about 0.99
however on the Neil blockchain there is
a separate gas token that carries out
all the operations because of Neos proof
of steak platform it takes nearly zero
energy for transactions to take place
which is why it is essentially free to
send and receive neo in the end neo
holders receive these gas tokens as a
way of staking their neo tokens and
securing the network so basically your
investment in neo gains you interest as
gas because of this unique proof of
stake action
Neos block chain runs considerably
faster than aetherium x' at 1,000
transactions per second with the goal of
reaching 100,000 transactions per second
lastly one of the best ways to create
mass adoption is partnering with
existing institutions and companies Neos
best partnership could be on chain the
company dedicated to bringing blockchain
to businesses they are responsible and
helping neo lock down many impressive
partnerships including Microsoft of
China the Japanese Ministry of Economy
Alibaba fo soon group China's largest
private conglomerate and the Chinese
regional government neo is currently
$100 and has a circulating supply of 65
million tokens if they were to grow at
the same rate as aetherium it would be
around $500 in August when China opens
up icos and blockchain development there
will be a major shift in the market
since before the ban China made up for a
majority of the crypto trading volume
worldwide but thinking Neil will replace
aetherium is unrealistic
there is always room for competition and
competition is good for the industry
however with China's population of 1.3
billion people paired with the quick
growing economy what will happen to neo
when China clears their ban on
cryptocurrency
or even more fascinating what will
happen if China's government is
lucha's neo as their number-one
blockchain inside of the Great Firewall
[Music]
hey guys max Bart here thanks for
checking out the video and I want to
give a quick shout out to everyone that
voted for this neo video basically we
have a private Facebook group where I
pose a few questions last week I posted
a poll what video I should do next you
guys voted for Neil so that's what you
got if you guys are not a part of the
Facebook group check that out link is in
the description join that and vote for
the next video that I will do so with
that being said if this video helped you
out at all please leave us a like and
let us know in the comments section if
there's anything we can help you out
with and you know maybe I'll maybe I'll
do a few videos on blockchain technology
and stuff like wallets and that kind of
stuff instead of you know reviewing and
going over views of coins now with that
being said I did miss a few things about
me oh so do your due diligence double
check other stuff I'll leave a bunch of
links in the description in the bio
whatever it's called so you guys can
check out other articles videos and that
kind of stuff neo is a really cool
project I learned a lot just by making
this video so yeah guys check it out
have some fun and that's all I have to
say for today guys
this is Vali Krypto I'm max bard Bally
out