NEO Cryptocurrency
Usman Sheikh
Usman Sheikh
NEO is a cryptocurrency and blockchain platform that was launched in 2014.
It is based in China and was originally named Antshares before rebranding in 2017.
NEO is designed to be a smart contract platform that allows developers to create decentralized applications (dApps).
It uses the consensus mechanism called Delegated Byzantine Fault Tolerance (dBFT) to validate transactions on its network.
Unlike other cryptocurrencies, NEO is not limited to proof-of-work mining, which makes it more energy-efficient.
The total supply of NEO is capped at 100 million coins, and it is not possible to mine additional coins.
The cryptocurrency has two native tokens: NEO and GAS.
NEO tokens represent ownership of the network, while GAS tokens are used to pay for transactions and fees.
The platform is designed to support multiple programming languages, including C#, Java, and Python.
NEO's vision is to create a smart economy, where physical assets and digital assets can be easily managed and traded.
The platform has partnerships with various companies and organizations, including Microsoft and Alibaba.