BUY / EXCHANGE instantly
Max Supply Algorithm Proof Type Start Date Twitter Website
100000000 2017-08-01 Array NEO
DifficultyAdj. BlockRR. BlockNo. Network H/s Current Supply Block Reward
0 0 100000000 0
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What is NEO (NEO)?

NEO is a blockchain platform that facilitates the development of digital assets and smart contracts, aiming to build a scalable network of decentralized applications (dApps). The platform employs the Delegated Byzantine Fault Tolerance (dBFT) 2.0 consensus mechanism, an evolution of dBFT designed to enhance network security, scalability, and transaction speed. This mechanism allows for single block finality, meaning once transactions are confirmed, they are irreversible, thus significantly reducing the likelihood of forks and enhancing the integrity of the blockchain​​.

What is NEO (NEO) used for?

NEO supports the digitization of assets through smart contracts, enabling users to manage digital assets securely and efficiently without intermediaries. It focuses on creating a smart economy with integrated digital identities, allowing for real-world applications of blockchain technology. The platform supports multiple programming languages for smart contract development, making it accessible to a broader range of developers​​.

NEO's ecosystem includes two native tokens: NEO, which represents ownership of the network and allows holders to participate in governance, and GAS, used to pay for transaction fees and smart contract execution. The introduction of NEO 3.0 aims to further enhance the platform's capabilities, including improved transaction speeds, increased scalability, and the introduction of features like NeoID for digital identity verification and NeoFS for decentralized file storage​​.

Who created NEO (NEO)?

NEO was founded by Da Hongfei and Erik Zhang. Initially launched as AntShares in 2014, the platform was rebranded to NEO in June 2017. The rebranding was part of a strategic move to better align the project with its vision of creating a new economy based on digital assets, digital identity, and smart contracts.

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