Neox Whitepaper

What is NEOX?

NEOX is an asset running on the Stellar network. NEOX delivers lightning fast transactions at near 0 fees.

Why Stellar?
The Stellar network is a worldwide collection of Stellar Cores, each maintained by different people and organizations. The distributed nature of the network makes it reliable and safe.

Ultra-fast transaction speeds with an average transaction time of 2–4 seconds faster than NEO (15-20 seconds), which means you won’t be seeing any outages of delays Ultra-low transaction costs which are only a fraction of 1 cent, that means you will never have to worry about high fees, even if the blockchain is congested.

All these Stellar Cores—the network of nodes—eventually agree on sets of transactions. Each transaction on the network costs a small fee: 100 stroops (0.00001 XLM). This fee helps prevent bad actors from spamming the network. There are no miners, transactions are verified using decentralized servers while NEO is not , so again you do not need to worry about delays or high transaction costs since miners won’t be competing with each other once the blockchain has too many transactions.

ICO’s are cheaper, faster and more cost effective to run — Since the Stellar network has very low fees and fast transactions it will be more efficient for businesses to run ICO’s on their network which will increase the demand and value of Stellar Lumens (XLM).

NEOX Solution

Secure payments
Stellar uses industry-standard public-key cryptography tools and techniques, which means the code is well tested and well understood. All transactions on the network are public, which means the movement of funds can always be audited. Each transaction is signed by whomever sent it using the Ed25519 algorithm.

Fast transactions
While Block Time of NEO is 15-20 seconds, NEOX Powered by Stellar Lumens is 2-5 seconds,making it easy to use in everyday life.

Small Transaction Fee
NEOX is a Small Transaction Fee (0.00001 XLM) It means $0.01 Will pay for 300,000 transactions Worldwide transactions

Moving money across borders quickly, reliably, and for fractions of a penny never has been too easy. With NEOX now we can connect banks, making payments and trusting people all over the world without worrying about double spending issues.

Neox Network Website
Neox Whitepaper

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