A decentralized and open network for the Smart Economy
What is NEO?
Neo is an open source, community-driven, application platform utilizing blockchain technology and smart contracts. It was founded in 2014 with the name Antshare and was rebranded to Neo in 2017. It allows developers to automate asset management via smart contracts.
Neo runs on Delegated Byzantine Fault Tolerance (dBFT) consensus mechanism, which enables fast transaction to the platform. Neo continuous development resulting in the upgrade to version 3.0 in 2021, known as N3. N3 aimed at bringing smart economy with capabilities and an ecosystem similar to Ethereum.
Neo has two native token, which are NEO and GAS. NEO is a governance token which give holders voting rights, while GAS is the fuel token for Neo network.