NEO claims to be the Ethereum of China

Neo, formerly known as the Antshares is China’s first public Blockchain. It also claims to be the ‘Ethereum of China’ due to its iteration on Ethereum’s smart contracts. However, its unique features have managed to close certain loopholes in the Ethereum smart contracts. Neo & Ethereum Similarity
Neo has adopted a very similar operation strategy to Ethereum’s, but with clear differences that have proved advantageous. To start with, it is compatible with multiple languages like Microsoft.Net, Java, Kotlin, Go & Python. Whereas Ethereum’s support is limited to Solidity, a proprietary language developed by its own developers.
This way, Neo attracts a lot more developers. Because greater inclusiveness of programming languages reduces the barriers to entry for developers since they aren’t required to learn a new language to write smart contracts or work with Neo. Another key difference is that unlike Ethereum, Neo does not use ‘Miners’. They use ‘Bookkeeping nodes’ that will be incentivised to run the Neo network.
This way it becomes more resistant to forking, unlike Bitcoin and others.Neo aims to create a whole different ecosystem for the smart contract. So for this, it will be tokenising assets, creating smart contracts and building digital identities that can be used for real world applications. It calls its smart contracts as – ‘smart contract 2.0’
The execution of smart contracts requires a virtual machine (VM). Neo aims to have a Virtual machine that combines all the other currencies’ advantages. While comparing to the Virtual machines of Bitcoin, Ethereum and Fabric, the VM has a faster execution speed, better performance, more complete logic control and supports to advanced languages.
As far as China is concerned, that country is known to prioritise its own products rather than the ones from the west,therefore Neo is here to stay in the Chinese market. People who have bought it are clearly on the winning side,considering the fact that a few months ago it was only $2.