1
00:00:00,030 --> 00:00:02,220
the top successful tech companies in the

2
00:00:02,220 --> 00:00:04,080
world control the majority of the data

3
00:00:04,080 --> 00:00:06,629
but in the largest country in the world

4
00:00:06,629 --> 00:00:08,730
these companies are non-existent in

5
00:00:08,730 --> 00:00:11,790
China it is common to find copies of

6
00:00:11,790 --> 00:00:13,440
some of the world's most popular

7
00:00:13,440 --> 00:00:17,180
companies WeChat Alibaba Baidu

8
00:00:17,180 --> 00:00:20,430
Anjaani are hardly original ideas but

9
00:00:20,430 --> 00:00:22,529
they dominate China's tech industry and

10
00:00:22,529 --> 00:00:23,910
make up for some of their most

11
00:00:23,910 --> 00:00:27,090
successful companies ultimately any

12
00:00:27,090 --> 00:00:28,980
country that doesn't want to stop

13
00:00:28,980 --> 00:00:31,320
innovation won't ban crypto in

14
00:00:31,320 --> 00:00:33,600
perpetuity which is why I don't believe

15
00:00:33,600 --> 00:00:36,420
the China ban will last forever they

16
00:00:36,420 --> 00:00:38,280
will regulate the industry within their

17
00:00:38,280 --> 00:00:40,860
own country and back a company that is

18
00:00:40,860 --> 00:00:43,530
best for their citizens introducing neo

19
00:00:43,530 --> 00:00:45,920
the etherium of China a blockchain

20
00:00:45,920 --> 00:00:48,600
platform dedicated to creating the smart

21
00:00:48,600 --> 00:00:51,329
economy Neos leadership is an ongoing

22
00:00:51,329 --> 00:00:53,610
talks with the government and currently

23
00:00:53,610 --> 00:00:55,890
helping the regulators with blockchain

24
00:00:55,890 --> 00:00:58,469
consulting as a more centralized

25
00:00:58,469 --> 00:01:00,510
blockchain neo keeps the conversation

26
00:01:00,510 --> 00:01:02,760
going with the government to make sure

27
00:01:02,760 --> 00:01:06,030
their regulatory compliant in my opinion

28
00:01:06,030 --> 00:01:08,369
no blockchain will be able to complete

29
00:01:08,369 --> 00:01:11,030
industrial adoption if they are 100%

30
00:01:11,030 --> 00:01:14,610
decentralized neo central importance is

31
00:01:14,610 --> 00:01:17,430
on creating digital identities agreed

32
00:01:17,430 --> 00:01:19,500
upon by the international standards in

33
00:01:19,500 --> 00:01:22,799
securing them on their blockchain this

34
00:01:22,799 --> 00:01:25,200
focus on digital identities makes neo

35
00:01:25,200 --> 00:01:27,330
more centralized than aetherium and

36
00:01:27,330 --> 00:01:29,340
gives them the ability to be compliant

37
00:01:29,340 --> 00:01:31,170
with the Chinese government's

38
00:01:31,170 --> 00:01:34,020
regulations now neo has been able to

39
00:01:34,020 --> 00:01:36,240
take the ideas of aetherium and make

40
00:01:36,240 --> 00:01:36,810
them better

41
00:01:36,810 --> 00:01:39,240
a few compelling reasons neo is more

42
00:01:39,240 --> 00:01:41,939
advanced than aetherium includes the way

43
00:01:41,939 --> 00:01:45,180
Neil's network is run when powering the

44
00:01:45,180 --> 00:01:47,700
etherium blockchain users send pieces of

45
00:01:47,700 --> 00:01:50,100
ether known as gas to help send

46
00:01:50,100 --> 00:01:51,899
transactions through the network

47
00:01:51,899 --> 00:01:54,450
if you send one-eighth to someone they

48
00:01:54,450 --> 00:01:57,220
only receive about 0.99

49
00:01:57,220 --> 00:02:00,070
however on the Neil blockchain there is

50
00:02:00,070 --> 00:02:02,710
a separate gas token that carries out

51
00:02:02,710 --> 00:02:05,530
all the operations because of Neos proof

52
00:02:05,530 --> 00:02:07,930
of steak platform it takes nearly zero

53
00:02:07,930 --> 00:02:09,930
energy for transactions to take place

54
00:02:09,930 --> 00:02:12,940
which is why it is essentially free to

55
00:02:12,940 --> 00:02:16,060
send and receive neo in the end neo

56
00:02:16,060 --> 00:02:18,400
holders receive these gas tokens as a

57
00:02:18,400 --> 00:02:20,680
way of staking their neo tokens and

58
00:02:20,680 --> 00:02:23,950
securing the network so basically your

59
00:02:23,950 --> 00:02:26,200
investment in neo gains you interest as

60
00:02:26,200 --> 00:02:28,930
gas because of this unique proof of

61
00:02:28,930 --> 00:02:29,950
stake action

62
00:02:29,950 --> 00:02:32,140
Neos block chain runs considerably

63
00:02:32,140 --> 00:02:35,020
faster than aetherium x' at 1,000

64
00:02:35,020 --> 00:02:37,150
transactions per second with the goal of

65
00:02:37,150 --> 00:02:40,030
reaching 100,000 transactions per second

66
00:02:40,030 --> 00:02:42,670
lastly one of the best ways to create

67
00:02:42,670 --> 00:02:44,680
mass adoption is partnering with

68
00:02:44,680 --> 00:02:47,920
existing institutions and companies Neos

69
00:02:47,920 --> 00:02:50,680
best partnership could be on chain the

70
00:02:50,680 --> 00:02:52,930
company dedicated to bringing blockchain

71
00:02:52,930 --> 00:02:55,420
to businesses they are responsible and

72
00:02:55,420 --> 00:02:57,550
helping neo lock down many impressive

73
00:02:57,550 --> 00:03:00,700
partnerships including Microsoft of

74
00:03:00,700 --> 00:03:03,989
China the Japanese Ministry of Economy

75
00:03:03,989 --> 00:03:07,360
Alibaba fo soon group China's largest

76
00:03:07,360 --> 00:03:09,790
private conglomerate and the Chinese

77
00:03:09,790 --> 00:03:12,450
regional government neo is currently

78
00:03:12,450 --> 00:03:15,760
$100 and has a circulating supply of 65

79
00:03:15,760 --> 00:03:18,310
million tokens if they were to grow at

80
00:03:18,310 --> 00:03:20,380
the same rate as aetherium it would be

81
00:03:20,380 --> 00:03:24,310
around $500 in August when China opens

82
00:03:24,310 --> 00:03:27,130
up icos and blockchain development there

83
00:03:27,130 --> 00:03:29,140
will be a major shift in the market

84
00:03:29,140 --> 00:03:32,290
since before the ban China made up for a

85
00:03:32,290 --> 00:03:34,239
majority of the crypto trading volume

86
00:03:34,239 --> 00:03:37,000
worldwide but thinking Neil will replace

87
00:03:37,000 --> 00:03:38,800
aetherium is unrealistic

88
00:03:38,800 --> 00:03:41,020
there is always room for competition and

89
00:03:41,020 --> 00:03:43,390
competition is good for the industry

90
00:03:43,390 --> 00:03:46,690
however with China's population of 1.3

91
00:03:46,690 --> 00:03:48,940
billion people paired with the quick

92
00:03:48,940 --> 00:03:51,430
growing economy what will happen to neo

93
00:03:51,430 --> 00:03:52,930
when China clears their ban on

94
00:03:52,930 --> 00:03:54,040
cryptocurrency

95
00:03:54,040 --> 00:03:56,860
or even more fascinating what will

96
00:03:56,860 --> 00:03:58,900
happen if China's government is

97
00:03:58,900 --> 00:04:00,730
lucha's neo as their number-one

98
00:04:00,730 --> 00:04:04,200
blockchain inside of the Great Firewall

99
00:04:04,200 --> 00:04:08,150
[Music]

100
00:04:17,209 --> 00:04:19,829
hey guys max Bart here thanks for

101
00:04:19,829 --> 00:04:21,450
checking out the video and I want to

102
00:04:21,450 --> 00:04:23,550
give a quick shout out to everyone that

103
00:04:23,550 --> 00:04:26,940
voted for this neo video basically we

104
00:04:26,940 --> 00:04:29,100
have a private Facebook group where I

105
00:04:29,100 --> 00:04:32,160
pose a few questions last week I posted

106
00:04:32,160 --> 00:04:35,370
a poll what video I should do next you

107
00:04:35,370 --> 00:04:37,290
guys voted for Neil so that's what you

108
00:04:37,290 --> 00:04:39,450
got if you guys are not a part of the

109
00:04:39,450 --> 00:04:41,700
Facebook group check that out link is in

110
00:04:41,700 --> 00:04:43,920
the description join that and vote for

111
00:04:43,920 --> 00:04:46,620
the next video that I will do so with

112
00:04:46,620 --> 00:04:48,480
that being said if this video helped you

113
00:04:48,480 --> 00:04:50,160
out at all please leave us a like and

114
00:04:50,160 --> 00:04:52,740
let us know in the comments section if

115
00:04:52,740 --> 00:04:54,090
there's anything we can help you out

116
00:04:54,090 --> 00:04:56,760
with and you know maybe I'll maybe I'll

117
00:04:56,760 --> 00:04:59,670
do a few videos on blockchain technology

118
00:04:59,670 --> 00:05:02,220
and stuff like wallets and that kind of

119
00:05:02,220 --> 00:05:04,380
stuff instead of you know reviewing and

120
00:05:04,380 --> 00:05:07,290
going over views of coins now with that

121
00:05:07,290 --> 00:05:10,350
being said I did miss a few things about

122
00:05:10,350 --> 00:05:13,380
me oh so do your due diligence double

123
00:05:13,380 --> 00:05:16,169
check other stuff I'll leave a bunch of

124
00:05:16,169 --> 00:05:18,470
links in the description in the bio

125
00:05:18,470 --> 00:05:20,970
whatever it's called so you guys can

126
00:05:20,970 --> 00:05:23,700
check out other articles videos and that

127
00:05:23,700 --> 00:05:25,440
kind of stuff neo is a really cool

128
00:05:25,440 --> 00:05:27,630
project I learned a lot just by making

129
00:05:27,630 --> 00:05:29,940
this video so yeah guys check it out

130
00:05:29,940 --> 00:05:32,130
have some fun and that's all I have to

131
00:05:32,130 --> 00:05:33,300
say for today guys

132
00:05:33,300 --> 00:05:36,960
this is Vali Krypto I'm max bard Bally

133
00:05:36,960 --> 00:00:00,000
out