GAS coin, full name Neo Gas, is an indispensable native token of the Neo blockchain platform. As a decentralized network dedicated to promoting the development of decentralized applications (dApps) and smart contracts, Neo's core advantage lies in its scalable and secure infrastructure. Here is a detailed overview of GAS coin:
Identifier: Its currency symbol is GAS. Total supply and circulation: The total supply of GAS coins is limited to 100 million, and as of September 2024, the number of GAS in circulation is 50 million. Technical foundation: GAS coin is rooted in the Neo blockchain, which uses Delegated Byzantine Fault Tolerance (dBFT) as a consensus mechanism to ensure the security and efficiency of the network. Application areas: GAS coin plays multiple roles in the Neo ecosystem. It not only supports the operation of decentralized applications and smart contracts, but also helps the innovation of decentralized financial (DeFi) applications, while promoting the development of the ecosystem and incentivizing participants. Advantages and features: Through its unique architectural design, the Neo platform achieves fast execution and low cost of transactions while ensuring a high degree of security. GAS coin holders can not only participate in the governance and decision-making process of the ecosystem, but also promote the prosperity of the entire ecosystem through incentive mechanisms.
The Neo platform itself, as a decentralized blockchain solution, provides a powerful decentralized alternative to the traditional cloud computing model through the dBFT consensus algorithm, allowing users to better control their data and assets.
Finally, it should be emphasized that due to the high volatility of the cryptocurrency market, the price of GAS coins may experience rapid changes. Therefore, before making any investment decision, sufficient personal research should be conducted and multiple sources of information should be referenced. At the same time, it is recommended to contact the Neo team directly or consult official channels for the latest and most accurate information.
