Reading Time: 8 minutes NEO Smart Contracts Anyone recently trading in cryptocurrencies stumbled across the relatively young AntShares, which get called NEO since the beginning of August. Crypto insiders consider the young cryptocurrency NEO to be exciting and far undervalued. Allegedly, NEO is exceptionally dynamic, promises big profits and is safe as an investment. We are not so sure …
NEO Smart. What is NEO? NEO Smart (formerly Antshares) is a Chinese-based blockchain which uses proof-of-stake instead of proof-of-work to achieve consensus. I know I’m throwing around significant terms, but put, NEO nodes/servers will be way more eco-friendly than its competitors! Read more about this here.
As Nate covers the big pictures, this article will take us down to the nitty-gritty! We will show you how to set up a dev environment, build a private network for you and your friends, write/compile your first smart contract and even how to create a React App to interface with your newly deployed contract!
Another good approach is to set up your own private test net. Comparing with the public test nets, private test nets’ advantage is that you can take full control. The first reason for using private test nets is that it’s really helpful and encouraging with the illusion of holding millions of NEO and GAS in the wallet. At meanwhile, compared with public test nets, we don’t need to worry about the chain regenesis, connection failure, or maybe some other developers mistakenly jam the network.