Monthly Archive: December 2018

What is NEO? NEO is a Chinese blockchain project out to build a decentralized economy. It runs on a dBFT protocol, a low-cost solution preventing network forks and providing finality for all transactions. Its smart contract and reward systems are backed by a secondary token, Gas. Nodes can execute smart contracts by trading in their Gas and all NEO token holders receive regular Gas payouts. …

Why Privacy? In the Bitcoin whitepaper, anonymous author Satoshi Nakamoto outlined the protocol for the World’s first cryptocurrency. He only briefly addressed the privacy issue of publishing all transactions (and consequently all account balances) on a public blockchain, proposing that all users create a new Bitcoin address for every transaction. However, Nakamoto’s proposal was impractical and only solved part of the privacy issue. There was …