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