NEO (NEO)

About

NEO is a blockchain-based platform designed to facilitate a smart economy by digitizing assets and identities through smart contracts. Founded as AntShares in 2014 by Da Hongfei and Erik Zhang, it was rebranded to NEO in 2017. NEO focuses on creating a decentralized network where developers can build applications using familiar programming languages like C#, Java, and Python. The platform uses a unique consensus mechanism called Delegated Byzantine Fault Tolerance (dBFT), which allows for high transaction speeds and energy efficiency. NEO has two native tokens: NEO and GAS. NEO is used for governance and staking, while GAS is used to pay for transaction fees. The dBFT consensus mechanism enables users to stake NEO to vote for consensus nodes, which validate transactions and create new blocks. NEO aims to support a wide range of decentralized applications and provides features like digital identity and decentralized storage. Its focus on regulatory compliance and developer-friendly tools makes it an attractive option for building complex blockchain solutions.