Originally known as Antshares, $NEO rebranded in 2017 and has since become one of China's most well-known blockchain projects. Neo's main goal is to create a smart economy through digital assets and smart contracts.
Purpose and Features of Neo
#NeoGas is a platform designed to create decentralized applications (dApps) and smart contracts.
It aims to transform physical assets into digital assets. These digital assets can be managed in a decentralized, secure and transparent manner on the blockchain.
Neo supports the creation and verification of digital identities. This allows users to securely manage their credentials on the blockchain.
It includes NeoFS, a decentralized file storage system. This system enables the storage and management of big data.
NeoID is an authentication protocol that provides secure verification of digital identities.
Neo's Dual Token System: NEO and GAS
The Neo platform uses two main tokens: NEO and GAS.
NEO: It is the main token of the Blockchain and is used in the management of the network. NEO holders can participate in the governance of the network and vote on important decisions.
GAS: It is the token used for transactions on the Neo platform. GAS is required to execute smart contracts and verify transactions. NEO token holders earn GAS tokens as they hold NEOs in their wallets.
Additionally, Neo was announced as the first cryptocurrency to become a member of Microsoft's NET Foundation. It is thought that this membership will enable Neo to integrate into a broader technology ecosystem and gain stronger corporate support.
