NEO can be seen as a new and improved version of Ethereum and is very similar to it in many ways. NEO is new and improved, by design, which is why it is now one of the top ten cryptocurrencies in the world. Here are some of the reasons you should consider investing in NEO in 2018.
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List of Best 5 Reasons to Invest in NEO in 2018
It Has a Strong Business Case
Ethereum supports real-time contract negotiations while creating an unbreakable digital signature to verify the contract while transferring the money involved. NEO takes this one step farther by building in consensus and price negotiations.
Now a business can negotiate the price of an item through the Blockchain and let multiple partners vote on the decision immediately. This makes NEO far more useful to businesses. The need to hold NEO in order to facilitate these transactions means businesses will need to invest in NEO in order to utilize them.
It Is More Flexible
It Is Scalable
NEO is more scalable while being far more secure than Ethereum. Scalability matters when you want to raise money through peer-to-peer lending or crowdfunding. It matters when you roll out NEO to track loyalty points or send bills to tens of thousands of customers. Scalability is critical when your supply chain contracts involving the tracking of hundreds of items and simultaneously record payments for invoices whether in a lump sum or paid overtime for a thousand different vendors.
It Is Prepositioned to Take Off
NEO’s creators are based in China, and it was designed with business support in mind, not as an alternative currency per se. It is reportedly building or has already completed links with Alibaba, WeChat, and other major Chinese sites. If you buy NEO now, you could buy it while it is cheap. Once China’s regulatory environment updates to include cryptocurrencies like NEO, its use on the world’s largest e-commerce platform (Alibaba) and financial transfer app (via WeChat) and others will cause the value of the cryptocurrency to explode. For Australians trying to buy NEO, Crypto Head has a great ‘how to’ article that explains the whole process.
It Has Better Security
Ethereum’s repeated hacks made the news in 2017. The bug in Parity’s software that accidentally wiped out millions of dollars’ worth of the cryptocurrency didn’t do anything to reassure investors. NEO’s developers learned from Ethereum’s mistakes and built-in far better security into their cryptocurrency and its “wallet” software.
NEO is more flexible, secure and scalable and it has a stronger business case, too, for use in asset tracking, invoicing and fundraising. We could see NEO taking over in the next coming year if it starts gaining more recognition and adoption.