NEO is hailed as China’s Ethereum. What this means is that it offers smart contracts. It plans to be the future root chain that applications with mainstream use will be built off of.NEO is extremely popular in China. The co-founder Dong HongFei and his team recently changed the project's name to NEO. It used to be called Antshares. When they changed the name they changed a lot of tech as well. They moved focus to smart contracts.
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