NEO is a decentralized blockchain platform on which assets can be digitized and smart contracts executed automatically. This platform was established back in 2014 in China as AntShares, but later changed to NEO. The platform utilizes dBFT (delegated Byzantine Fault Tolerance) consensus mechanism and is able to have 10 thousand transactions processed every second. Users can stake tokens within the platform to produce Gas tokens that are used to pay for transactions and services on the platform.Show more [+] The Gas is also used to pay for smart contracts.
Digital Assets: Physical assets are tokenized and exist in the state of electronic data. These digitized assets are decentralized, highly transparent, traceable, trustful and are not controlled by any third party. Users can issue, trade and circulate any type of physical assets.
Digital Identity: This is all information of organizations, people and other entities that has been turned into electronic form.
Smart Contract: These are electronic contracts executed automatically on the blockchain. Developers can use any of the mainstream programming languages to create the contracts.
The coin NEO is a cryptocurrency used to run the operations on the NEO platform. It is premined, and has a total supply of 100 million. Its ICO (Initial Coin Offering) ended on September 9, 2017, and raised 28 million. The price at the ICO for a token was 0.0320. It is supported by a number of wallets including Ledger Nano S Wallet, Ledger Nano, CoinPayments Wallet, NEON Wallet, NEO Tracker, and Infinito Wallet among others
The coin is listed for trade on Lbank, ZB.com, Bibox, Binance, BitMart, HitBTC and Bitfinex.
NEO was founded Da Hongfei and Eric Zhang who is also the core developer. Other experts include Tony Tao, the Secretary-general of NEO Council and Johnson Zhao, the business development and operation officer among others.