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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