NEO Wallet Alternative to MetaMask
As outlined above, the best alternative to MetaMask for NEO is the Neon Wallet. Users will need to use an alternative wallet like Neon because NEO uses an alternative programming language to Ethereum called C# and Java (compared to Solidity of Ethereum). NEO provides a development framework called NeoContract, which is designed to simplify the process of writing smart contracts on the NEO blockchain.
You can add the NEO Wallet in 3 simple steps:
- Visit Neon Wallet and install it to your web browser.
- Save your seed phrase on a piece of paper (or somewhere else offline).
- You are now connected to NEO and ready to use the platform.
Popular DeFi Applications on NEO
According to DefiLlama, there is currently over $55m in Total Value Locked (TVL) on the NEO blockchain with 5 active and audited applications. These include Flamingo Finance, NeoBurger, Forthewin Network, NUDES and GhostMarket.
Is NEO a Safe Chain?
NEO is designed to be a secure and reliable blockchain platform that uses advanced cryptographic algorithms to protect user data and transactions. NEO implements various security features such as a Byzantine Fault Tolerance (BFT) consensus algorithm, digital signatures, and encryption to ensure the integrity and confidentiality of data on the blockchain.
That being said, like any blockchain platform, NEO may still face potential security risks, including smart contract vulnerabilities, network attacks, and other security threats.
Bottom Line
Adding the NEO Layer 1 blockchain to your MetaMask Wallet is not possible as it is not EVM compatible. Therefore, users will need to download a NEO wallet like Neon Wallet to use native DeFi applications on the NEO blockchain.
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