GAS Coin Article
GAS is a cryptocurrency linked to the NEO blockchain, one of the most important platforms in the field of smart contracts and the digital economy. NEO, sometimes referred to as the “Ethereum of China,” is based on two primary cryptocurrencies: NEO and GAS.
While NEO represents part of the voting rights and ownership in the network, GAS acts as fuel for the network, used to pay fees associated with running smart contracts and network transactions. In other words, the more decentralized applications and smart contracts the network uses, the more important GAS becomes.
NEO holders are automatically rewarded with GAS over time, as this is an incentive for users to hold NEO for a long time. GAS is used to encourage operations within the NEO ecosystem without the need to consume the original coins (NEO) themselves.
Through the use of GAS, the NEO platform seeks to build a flexible and efficient digital economy, making it one of the leading projects in the field of decentralized applications. GAS is an essential part of this system, playing a vital role in powering and stimulating the network infrastructure, while supporting the development of the next generation of digital economy.
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