NEO (cryptocurrency)
| NEO | |
|---|---|
_logo.svg){kind=logo}
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| symbol | NEO |
| Publishing year | 2014 |
| developer | Da Hongfei |
| Blockchain | Yes |
| Mining | No |
| Website | www.neo.org |
NEO is a blockchain platform and cryptocurrency that enables the development of digital assets and intelligent contracts - so-called smart contracts . The project is based in the People's Republic of China and was originally started as AntShares in 2014 . NEO uses a consensus mechanism based on Delegated Byzantine Fault Tolerance (dBFT) and can process up to 10,000 transactions per second. NEO tokens can be used to generate GAS tokens that are used as a platform resource to pay for the calculation or use of smart contracts within the NEO network. The cryptocurrency developed by Da Hongfei is also called the Ethereum of China because of these properties .
A total of 100 million NEOs were issued via ICO in 2017 . They were created in the Genesis block and distributed according to a distribution mechanism. The smallest unit of the NEO is 1 NEO and cannot be divided. As of January 2018, NEO's market cap was around $ 12 billion and was currently one of the top ten most valuable cryptocurrencies .
Web links
Individual evidence
- ^ Titan Digital Asset Group Research, NEO: The Vanguard of a Digitized China . Retrieved December 27, 2017.
- ↑ Why You Should Keep Qtum on Your Radar in 2018 . Retrieved December 27, 2017.
- ↑ The new age of ICOs is here, and it's not based on Ethereum . Retrieved January 13, 2018.
- ↑ China's Largest Cryptocurrency Thrives Despite Intense Crackdown . Retrieved January 13, 2018.
- ↑ Tobias Frank: NEO cryptocurrency: Why ants became something new and GAS produced .
- ↑ Historical data for NEO - CoinMarketCap . Retrieved January 19, 2018.