By now a lot of the Crypto community around the world would’ve heard of NEO, some NEO ICOs, NEO technology and/or other information pertaining to NEO.
It’s fair to say that NEO is very new compared to Ethereum and being new, the general knowledge of NEO is also quite shallow. However, when asked to some people that follow NEO lightly about what they know about the Technology and Token, the answer is usually: “Oh I heard it’s Chinese blockchain technology” , “I heard it’s faster and more reliable” , and so on in similar context.
Although not false, but it’s a very basic understanding that does not shed much light to the fundamentals. We look at the NEO Smart Contract, as a one of the core characteristics of blockchain technologies.
NEO Smart Contract
In brief, a smart contract is a set of responsibilities that are set out digitally, including the agreement on how contract participants shall fulfill these responsibilities. Because of the way how a smart contract operates, it requires a high level of trust, thus blockchain technology goes hand in hand with smart contracts as it provides that highly trustworthy system in a decentralized environment.
The Neo Smart Contract actually has 3 different types: validation contracts, function contracts, and application contracts. However all have in common: high performance, expandability and certainty.
Behind The Scene
The foundation, NEO, uses the lightweight NeoVM (NEO Virtual Machine), a virtual machine is an emulation of a computer system, in this case, a “NEO computer”. The NeoVM provides the environment for contract executions, it starts very fast and only takes up a small amount of resources. This makes it particularly suitable for short procedures of smart contracts.
NEO also uses something called a Static Compilation. A Static Compilation has three main advantages:
Static compilation yields more powerful deployed applications.
Static compilation provides better intellectual property protection.
Static compilation achieves greatly reduced start-up cost, reduced memory usage, and easier linking with native code.
NeoVM’s data manipulation (adding, deleting, updating, and modifying data in a database) instructions provide support for arrays and complex data structures directly.
NEO Smart Contracts are also known for scalability, through two procedures known as concurrency and dynamic partitioning.
Concurrency — this allows NEO Smart Contracts to execute different parts of a program, or algorithm out-of-order or in partial order, without affecting the final outcome.
Dynamic Partitioning — this allows NEO Smart Contracts to reassign processors and memory to specific applications whenever without the need to shut down. With the Smart Contract, this procedure would occur automatically based on application traffic
These functions all add to the enhancement of performance in NEO Smart Contracts and that in hand are all advantages for the Asura Coin Smart Contract. More reasons why NEO is more suitable for the Asura World platform.
For more information on the Asura Coin ICO
Website: https://asuracoin.io
Twitter: https://twitter.com/asuracoin
Facebook: https://facebook.com/asuracoin
Reddit: https://www.reddit.com/r/AsuraCoin
Telegram: https://t.me/asuracoin
I discovered lately this ico and i was impressed, but now i discovered that it will be launched on NEO blockchain, and imho this is FANTASTIC! This is a +1 for me, better neo blockchain ico instead of classic eth!
yes, neo ecosystem is getting bigger by the day and i'm glad that i'm invested in neo plus some other neo projects. Switcheo exchange is another successful neo project and i'm proud to say that i was there during the ico.
Asura always provides latest updates about the project and project team is very professional and has a good experience. Join Asura to make your future.
This project includes a number of best things: great team, great product, great idea, great start! We need products and ideas! I'm sure the company will occupy a leading place in this world! Offer to take part in ICO!
Asura is a very demanding project with well realistic concept. I'am sure expected profit is much higher. Asura Coin project looks very promising! I think gaming projects in 2018 will take off, especially Esports. Asura will be the one leading the way!
Neo is a great choice! This technology has a great future and huge potential
It's very pleased to see this Mr. Peter Shen is recently interviewed by best crypto news websites. By doing this kind of interviews Wolrd would know more about Asuracoin ICO.
Neo has some more advantages than ETH, many ICOs are going to use NEO platform. Your project did wise choose by using NEO.
Thank you for the article! I fully agree with you - the potential of NEO is just beginning to unfold.
NEO has a huge potential. The only thing that does not allow it to grow now is state regulation. If the Chinese government becomes more loyal to the crypto currency, then NEO will grow by leaps and bounds. You guys are good fellows that chose NEO
The chinese has no issues on blockchain technology. They are just concerned on regulating ICOs. China has been very active in blockchain. So many events are being held there. There will be a future.
It is great to see another great project powered by NEO. There is just something about NEO, it tends to attract passionate, dedicated people who are communicative and active with the community. I look forward to seeing this project take off.
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STOPTrue neo is new and somehow undervalued. But its good Asura is taking advantage of this and making use of Neo. More to come yeah.
Thank you for explaining the reasoning behind using the NEP-5 platform. Such a transparency is key for a successful ICO. I belive Asura is one of the projects to watch out for in 2018
AsuraCoin Strong team with a great project. Love to be a part of this movement and wishing a successful to all team members and developers, Good opportunity guys.. Don't miss it..
These are valid advantages for all tokens using the NEO platform. So it promises a beautiful future. It was a nice compilation, I enjoyed reading it.
So true, many of us, even newbies have heard alot about NEO and there currently many projects coming on NEO. Being a NEO holder, I am very excited where this will take us.
Very informative, I was always curious about the inner workings of Neo and how they let it work faster than its competitors like Ethereum.
No Doubt that NEO is new as compare to Ethereum and is fast and good to know that this project is coming on NEO platform but i hear that Ethereum is also implementing sharding to increase TPS of their blockchain. Let us see what happens. BTW i like your project.
Keep it a great work asuracoin team. Great project as well because based on NEO Platform. I hope this project will be success in the near future
Good writeup on implementation on NEO blockchain / smart contract. Asura Coin is a strong prospect for anyone looking ICO investment.
This year will be NEO's year i believe that. and also neos icos too. i hope ASURA will be one of them. i want it so hard.
Thank you for the Information. very useful article for everyone. Yes, NEO blockchain has so many improved features than Ethereum blockchain. These features able to gain big reputation. Most of NEO based ICOs got success already. So Asura coin is a great project fueled by NEO blockchain. So I believe Asuracoin will be a success. No one can stop it.
I have really impressed, When I discovered that AsuraCoin is based on NEO blockchain. NEO is one of promising coin and I already stocked some for future. That's what I'm going to do with AsuraCoin ICO too. :)
I like Neo token generally and i am all research for it. Asura is a good project. E sport is my favourite sport and it is developing day by day. Asura will contribute it! Good luck team!
Yes, there are a lot cryptos out in the free world but Asura Coin will stand unique based on the pool-proof concept they have chosen. As Asura coin is a NEO based block chain, it increases more reliability among other cryptos on NEO based contracts.
I have really impressed, there are a lot cryptos out in the free world but Asura Coin will stand unique based on the pool-proof concept they have chosen. Your project did wise choose by using NEO.
I am very interesting this project because this ICo base NEO and i have huge hope most of NEO base ICO going to moon 🧐🤠🤑
I really took a great interest in this project, I believe that this is the future of the industry and it completely opens with a blockchain, especially with such as NEO.
The team is growing better and stronger by days! I think this project has the elements make the next big ico. We as authentic investors (and hopefully got whitelisted) can really be happy and benefit in the near future from this project.
NEO truly surpasses ETH in terms of technology, scalability, usability, quantum computer resistance, and NEO's operational model. ETH has too many errors and frequent delays.Asura Coin will stand unique based on the pool-proof concept they have chosen.
I always thought that the NEO blockchain has always been superior to that Ethereum blockchain. That's why I believe a lot in projects based on the NEO blockchain, and one of these is AsuraCoin!
To me, the main reason why Neo is better than Ethereum is the scalability. I found it a lot faster. By just send funds from one wallet to another, one can see huge difference in transaction speed. How about you, what do you think? What makes you think that Neo is more superior?
Interesting article =)
NEO is one of the fastest and more reliable solutions with very promising future & growth, available in the crypto space. Using NEO Smart Contract will help Asura Project in multiple ways and will be helpful in long run due to various advantages of NEO like Static Compilation, Concurrency,
Asura coin based on neo platform is amazing thing to know and has multiple benefits with neo blockchain.The project has great team and great concept which bought me to participate in the ICO.
I think that NEO smart contracts will be more used than Ethereum network in next future. Many useful projects like Asura are starting to use this platform.
Asura World developers and community managers will continually seek new opportunities to enhance user experience, as well as amend any issues that may conflict with the terms and conditions of the platform.
NEO platform but i hear that Ethereum is also implementing sharding to increase TPS of their blockchain. Let us see what happens.
#Asuracoin, Simply smartest project ever. This is a society needed concept which has more prominent target.
Asura is doing a project that I want very much. And I think it brings the two worlds together.You have a great marketing strategy. I'm pretty sure this will be one of the most successful ICOs. Wish you all the best and I'm impatiently waiting to get whitelisted.
Asura is doing a project that I want very much. And I think it brings the two worlds together.You have a great marketing strategy. I'm pretty sure this will be one of the most successful ICOs. Wish you all the best and I'm impatiently waiting to get whitelisted :)
Working with NEO is absolutely Great!the success of this project is 100% sure because they offer great opportunities to people!
In my opinion, it is very correct that the developers have chosen The Neo platform for their purposes. Neo called Chinese Ethereum is not in vain. This is a very promising platform and many experts predict it a great future. Success in promoting the #Asura project!
A successful future is always a new technology! Carefully study the project and join!
That is a really great concept explained clearly. Its a really good pleasure to know that the team has a clear vision about the objectives, This is a very great and amazing project anyone can participate with this amazing project.!!!
Asura Coin is very good project. It is revolutionary Esport community platform. It's based neo token. The NEO's blockchain allows it to be fully protected and decentralized.
Very high good rating for ASURA. Asura is a quality product.We are waiting to use their platform quickly
Asura the game changer, going through the white paper I can now see asura the Asura team eyes. I love the project
Meet Taylor Liu! Great Asura Advisor, another experienced guy added to the team. this will make asura team rise to the top.
Asura project seems to me very promising, I think game projects in 2018 should take off very much, we register necessarily, for a start