WEBVTT

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the top successful tech companies in the

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world control the majority of the data

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but in the largest country in the world

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these companies are non-existent in

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China it is common to find copies of

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some of the world's most popular

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companies WeChat Alibaba Baidu

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Anjaani are hardly original ideas but

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they dominate China's tech industry and

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make up for some of their most

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successful companies ultimately any

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country that doesn't want to stop

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innovation won't ban crypto in

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perpetuity which is why I don't believe

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the China ban will last forever they

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will regulate the industry within their

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own country and back a company that is

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best for their citizens introducing neo

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the etherium of China a blockchain

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platform dedicated to creating the smart

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economy Neos leadership is an ongoing

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talks with the government and currently

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helping the regulators with blockchain

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consulting as a more centralized

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blockchain neo keeps the conversation

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going with the government to make sure

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their regulatory compliant in my opinion

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no blockchain will be able to complete

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industrial adoption if they are 100%

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decentralized neo central importance is

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on creating digital identities agreed

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upon by the international standards in

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securing them on their blockchain this

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focus on digital identities makes neo

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more centralized than aetherium and

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gives them the ability to be compliant

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with the Chinese government's

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regulations now neo has been able to

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take the ideas of aetherium and make

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them better

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a few compelling reasons neo is more

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advanced than aetherium includes the way

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Neil's network is run when powering the

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etherium blockchain users send pieces of

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ether known as gas to help send

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transactions through the network

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if you send one-eighth to someone they

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only receive about 0.99

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however on the Neil blockchain there is

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a separate gas token that carries out

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all the operations because of Neos proof

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of steak platform it takes nearly zero

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energy for transactions to take place

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which is why it is essentially free to

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send and receive neo in the end neo

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holders receive these gas tokens as a

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way of staking their neo tokens and

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securing the network so basically your

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investment in neo gains you interest as

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gas because of this unique proof of

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stake action

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Neos block chain runs considerably

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faster than aetherium x' at 1,000

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transactions per second with the goal of

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reaching 100,000 transactions per second

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lastly one of the best ways to create

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mass adoption is partnering with

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existing institutions and companies Neos

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best partnership could be on chain the

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company dedicated to bringing blockchain

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to businesses they are responsible and

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helping neo lock down many impressive

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partnerships including Microsoft of

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China the Japanese Ministry of Economy

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Alibaba fo soon group China's largest

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private conglomerate and the Chinese

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regional government neo is currently

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$100 and has a circulating supply of 65

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million tokens if they were to grow at

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the same rate as aetherium it would be

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around $500 in August when China opens

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up icos and blockchain development there

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will be a major shift in the market

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since before the ban China made up for a

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majority of the crypto trading volume

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worldwide but thinking Neil will replace

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aetherium is unrealistic

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there is always room for competition and

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competition is good for the industry

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however with China's population of 1.3

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billion people paired with the quick

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growing economy what will happen to neo

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when China clears their ban on

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cryptocurrency

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or even more fascinating what will

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happen if China's government is

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lucha's neo as their number-one

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blockchain inside of the Great Firewall

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[Music]

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hey guys max Bart here thanks for

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checking out the video and I want to

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give a quick shout out to everyone that

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voted for this neo video basically we

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have a private Facebook group where I

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pose a few questions last week I posted

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a poll what video I should do next you

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guys voted for Neil so that's what you

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got if you guys are not a part of the

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Facebook group check that out link is in

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the description join that and vote for

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the next video that I will do so with

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that being said if this video helped you

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out at all please leave us a like and

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let us know in the comments section if

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there's anything we can help you out

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with and you know maybe I'll maybe I'll

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do a few videos on blockchain technology

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and stuff like wallets and that kind of

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stuff instead of you know reviewing and

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going over views of coins now with that

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being said I did miss a few things about

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me oh so do your due diligence double

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check other stuff I'll leave a bunch of

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links in the description in the bio

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whatever it's called so you guys can

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check out other articles videos and that

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kind of stuff neo is a really cool

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project I learned a lot just by making

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this video so yeah guys check it out

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have some fun and that's all I have to

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say for today guys

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this is Vali Krypto I'm max bard Bally

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out