Neo Hardware Wallet

Protect your Neo with a hardware wallet

Neo, also called ‘the Chinese Ethereum’ is a relatively new cryptocurrency. Neo is one of the candidates to be set for a huge rise like Bitcoin and Ethereum already experienced. Security of valuable assets is extremely important, so a hardware wallet that supports Neo is a must!

What is Neo
Investing in Neo
Neo hardware wallet

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What is Neo

As said before, Neo is the Chinese Ethereum. The former cryptocurrency Antshares is rebranded to Neo and is specially designed to create smart contracts, run Dapps, launch ICO’s and digitize assets / identities. Furthermore the transaction capacity of Neo is way bigger than Ethereum’s capacity and the Neo blockchain is kwantum computer proof!

Another cryptocurrency named Gas is used to fuel smart contracts and Dapps as a payment method in the network. Because of this the use of the Neo platform will not get more expensive when the Neo price is rising as is the case with Ethereum.

Neo uses Delegated Byzantine Fault Tolerant (DBFT) as consensus method instead of Proof of Work (PoW). This is an improved version of Proof of Stake (PoS). By holding Neo in your wallet you can claim Gas regularly because your ‘stake’ is used to secure and proces transactions and you will be rewarded for this.

On Ethereum only Solidity can be used as programming language while Neo uses C#, Java, Python and Go. This makes the network more accessible for new talent and will probably boost innovation.

Investing in Neo

Neo is an investment with huge potential. Neo is a Chinese cryptocurrency, so a huge market is open to adopt Neo because it is likely that Chinese applications will be hosted on Neo instead of Ethereum.

Furthermore, many improvements are implemented compared to Ethereum that makes the capacity bigger and programming easier. Also investors can claim Gas by owning Neo, this can be seen as a passive income.

The separation of Neo and Gas is also an important feature. The use of Ethereum becomes less useful when the ETH price is rising because running Dapps and smart contracts will be more expensive. When the Neo price rises it will not influence the cost of using the platform because it is paid in Gas. This makes it a better store of value.

Neo hardware wallet

At the moment Ledger is the only hardware wallet that supports Neo. There is no internal wallet yet, an external Neo wallet should be used, HERE you can read how to do it.

Ledger is currently busy to implement an internal Neo wallet whereby your wallet will be visible when you start your Ledger. If this is done you don’t have to instal anything yourself. You will get a ready to use wallet on your Ledger after the next update, so it doesn’t matter if you buy a Ledger before or after the implementation.

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Neo Hardware Wallet
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