NEO is a blockchain platform and cryptocurrency that facilitates the creation and management of digital assets and smart contracts. The NEO project was originally launched in 2014 under the name of AntShares, until it changed its name in June, 2017. All the development resources were provided by founder, Da Hongfei, from his business blockchain solution company, called Onchain. The main motive of the NEO project is to achieve a smart economy with the help of digital assets, digital identity, and smart contracts in a distributed network.
The platform uses two kinds of token, called NEO and GAS. Unlike Bitcoin, a NEO token is a non-divisible token, which means that the minimum unit of NEO is 1. Holding the NEO tokens gives the right to vote during the consensus mechanism, which is explained in the, Consensus algorithm section. Holding the NEO token generates a new...
