What is NeosCoin?
NeosCoin is a decentralized web platform that is built on the blockchain. It is free to enter and use, and you can earn rewards when you use NeosCoin on a daily basis. NeosCoin is an active platform, whereby after every 24 hours, contributors earn rewards through the native currency.
The idea behind NeosCoin and the subsequent decentralization is the belief in internet access free of censorship. Censorship is one of the reasons why so many brilliant ideas cannot come to light today.
NeosCoin is all about freedom on the internet. It is about being able to access whichever website you want to access without necessarily having to find a VPN service that will protect you. You should be able to go online without worrying about anything, or anyone reprimanding you for sharing your thoughts, in a good way, or for the greater good.
People should use the internet to speak up against the ills that are happening around them and create awareness about things that are dear to them, like democracy and talk about corruption.
NeosCoin uses new and advanced technology to allow users access to a highly responsive internet experience, one where there is no restriction.
More importantly, NeosCoin has created an internet platform that is free, in an ecosystem that allows users the freedom of participation, curation and allows them to earn by performing tasks that improve the NeosCoin ecosystem.
What is the problem that NeosCoin Solves?
The struggle to attain a good internet presence has been with webmasters for a very long time. You must think about creating and sharing quality content and hope that your audience will engage with it the way you want them to. After all, it is only through shareable content that you can create and maintain a good audience, drive sales from leads you create, and enjoy good returns from your online investment.
To achieve all this, you would need to build your website from scratch. You then have to get quality content to upload. It might seem easy on paper, but this is a process that is as tasking as it is exhausting. Experienced webmasters would probably know this too well. This is where the blockchain project NeosCoin is coming in handy.
Through NeosCoin, a lot of the challenges that have often been associated with content and websites will soon become a thing of the past. What NeosCoin is offering is an opportunity where webmasters have the utmost freedom. Anyone who is interested in building and running a website can now do it in whichever style they fancy.
NeosCoin uses advanced blockchain technology, making it easier for users to curate, share and earn money from the content they produce. While this is a new concept on the blockchain, quite a number of people have given it a try already.
For people who appreciate the traditional concept of secure web hosting, security online and the convenience of accessing content when you want, the NeosCoin project will appeal to you.
NeosCoin is a first in several aspects. This is the first PHP wallet that allows access to different exchanges. Therefore, users are in a good position as they can trade directly from the wallet. Given that the in-built exchange looks similar to BitTrex, there is no need for users to go through the struggle of learning a new system, just to trade their coins.
How does NeosCoin Solve the problem?
A good number of blockchain projects restrict the algorithms under which users can mine coins. In fact, most projects only allow users to mine on one algorithm. With NeosCoin, users can mine on three algorithms, Sha-256, Blake-256, and X11.
This is aimed at making NeosCoin accessible to as many users as possible. ASIC miners are more inclined to use Sha-256. This is because the other alternatives require computers that have high resource requirements, especially the GPU.
At the moment there are a lot of governments, especially oppressive dictatorial regimes that are cracking down on citizen freedoms all over the world. This level of censorship keeps increasing all over, and with it, the internet citizen’s freedom is diminishing. People are afraid to speak out on issues that affect them because they are afraid of the ramifications of their actions online.
To combat this, a decentralized internet is important. This is one of the basic promises of most blockchain projects, as is the case with NeosCoin. Any website that you access or create on NeosCoin is written directly into the NeosCoin ecosystem. With this in mind, users are free from censorship attempts because the governments cannot take the website down on a blockchain platform.
What makes NeosCoin better than the competitors?
There are several blockchain projects that are out to tackle the traditional website management realm as we know it. This, and the fact that there is a lot of work going on to improve the internet experience for users, there is a lot of competition that NeosCoin is up against. That being said, however, the following are some of the reasons why NeosCoin is still ahead of the pack:
Ease of Access
NeosCoin is a very unique project. This is the first coin that was developed and written in PHP. PHP is one of the most common computer languages. If you meet any developer, chances are high they are either developing in PHP or have a good knowledge of it.
So popular is PHP that even people who might not be developers but have some basic programming knowledge to understand it. Therefore, this makes NeosCoin one of the most accessible blockchain projects so far. To access NeosCoin, there is no need for a domain or hosting account.
Instant Transactions
This is one thing that everyone loves not just about NeosCoin, but about blockchain projects that are offering it. There is no need to worry about transaction lags anymore while waiting for confirmation from different third parties.
Coins that are used in NeosCoin are spendable in a very short time, almost instantly. This, compared to the time it takes to complete normal transactions makes it an appealing feature. You do not have to wait a long time for confirmations before your transaction can be processed.
Privacy Guarantee
One of the features that have been promised in so many blockchain projects is privacy. Users need the assurance that at all times, their information is safe, and not available to anyone who might be interested, as is the case with the normal internet ecosystem right now.
With NeosCoin, this privacy is possible. You get to spend your coins whichever way you want to. All this is possible thanks to the use of Masternode technology. This technology allows users to perform stealth transactions, which gives you the power to decide how private your transactions will be.
Trading In-Wallet
A common challenge that most projects have is that there are restrictions or limits to the exchanges where users can trade them. This is not the case with NeosCoin. You can actually trade through the NeosCoin wallet in a number of exchanges. You do not even need to log out. From the NeosCoin wallet, you can place transaction requests, cancel them and store coins. As the NeosCoin ecosystem keeps growing, more exchanges will be added on to the platform.
Encryption
Everyone is worried about their information being intercepted when he or she is online. This is why NeosCoin created encrypted messaging. Through this, you can interact with other NeosCoin users without worrying about someone snooping into your conversations. The only people who have access to messages are the recipients and the message curator.
Supports Tor
Privacy is one of the key highlights of using the NeosCoin blockchain. A lot of projects are built around the Tor network with respect to privacy concerns. NeosCoin is no different. In fact, instead of Proof of Work (PoW) that is used by a lot of projects, especially those that leverage their resources on Bitcoin, NeosCoin uses Proof of Stake (PoS).
PoS is an efficient algorithm in terms of resource allocation and utilization. It also offers protection for the network. What is more interesting about the NeosCoin network is that each hour, there are 60 blocks that are generated. If you stake, you are rewarded with 0.5 NeosCoin for each block you stake.
The Tor project has always been effective in providing the much-needed security when browsing online. Whether you are browsing through geo-restricted news sites or social networks, you can bypass most of the restrictions through Tor. You can also use Tor to stay anonymous when you are online.
No downtime
By offering users a platform where they can access the internet without worrying about hosting, NeosCoin creates a platform where there are no downtimes.
Downtimes are any webmaster’s nightmare. No one likes to wake up in the morning to find clients complaining that he or she cannot access the website. This often means loss of revenue.
Websites that are created in NeosCoin are written on the blockchain, meaning that there is no need for a hosting platform. Apart from making the websites accessible all the time, this also means a significant reduction in costs that users would have had to pay for hosting plans, and does away with the challenges involved in hosting.
How can NeosCoin be categorized?
NeosCoin is a decentralized web browsing platform. It is a project that was built with the aim of decentralizing the internet and doing away with the normal challenges like censorship, which are inhibiting people from fully utilizing the internet resources at their disposal.
What’s NeosCoin’s vision on Security?
NeosCoin runs on a Proof of Stake algorithm. The level of security on this algorithm is such that there is a single chain where there are no more operating chains that contain valid transactions.
Examples of NeosCoin use cases/applications
Given the segment of the industry that NeosCoin has been built to support, the following are some of the use cases where this cryptocurrency will come in handy.
Rewards
Users on NeosCoin can enjoy rewards from performing different activities online. There are rewards for different actions, like rating websites, rating content on websites, writing good relatable content or moderating content that is available in the NeosCoin blockchain.
The NeosCoin is about value addition online, so anyone who uses their time to help in curating quality content that makes a difference in the lives of the audience can earn rewards for their effort.
Community Participation
Other than the fact that it is a blockchain project, NeosCoin is also a community. It brings together people who share different ideas, all working together for a common purpose. In so doing, NeosCoin also acts as a social network.
Users here can view, share and rate content that they come across. The best thing about it is that by sharing this content with the community, you get rewarded, unlike in traditional social media platforms.
Publishing Content
Content publishers can also take advantage of the NeosCoin blockchain. There are so many platforms upon which publishers can manage and engage with their audiences. From websites that are loaded with informative content to blogs and vlogs, publishers can use the templates on NeosCoin to suit their needs.
It only takes a matter of minutes and a publisher can have their website up and running. Other than the fact that this is so efficient, it is also a cost-effective approach, which sees publishers save a lot of money in the process.
Creating Websites
While NeosCoin offers a platform where people can create websites and publish their content, the blockchain also offers a security guarantee to the users.
Any content that has been published remains on the blockchain forever. This is a good thing in the sense that it tackles the problem of downtime that has for a long time been a challenge for webmasters, forcing them to move from one hosting company to another. Without having to worry about downtimes, both the publisher and their audiences are in a good position to enjoy the collaborative effort in NeosCoin.
Resources
https://coincheckup.com/coins/NeosCoin
https://github.com/neoscoin/neosv3-faq/blob/master/FAQ.md
http://neoscoin.co/?page_id=102