What is NEO?
NEO is a blockchain platform that facilitates the development of digital assets and smart contracts. The platform uses two different tokens (similar to Ethereum): the first is also called NEO, the second is GAS. Both tokens have specific uses on the NEO platform, as we’ll see in this guide.
- Initial release August, 2014
- Industry Decentralised Network
- Notable team tembers Da Hongfei, Erik Zhang
- Key partnerships AdEx, Onchain, Coinfirm and QRC
- Maximum supply 100,000,000
The primary aim of NEO is to become a digital, decentralised and distributed platform for non-digital assets, through the use of smart contracts (see below for a more detailed look at smart contracts). This means that its goal is to become a digital alternative for asset transfers that are currently non-digital. An example would be paying rent using a smart contract that triggers automatically once a month, instead of setting up a bank payment.