NEO is China’s first open source blockchain founded in 2014, formerly known as Antshares, often being described as Ethereum of China.
NEO aims to become a smart economy platform where digitized a
ssets and digital identity, backed by smart contracts, can create a new type of economy. Real estate, company shares and even fiat will be able tradeable on the NEO platform. Digital assets on the platform are going to enjoy legal protection due to digital certificates on its public blockchain.
GAS is NEO’s alternate currency, which developers will pay to deploy and run smart contracts on the platform. GAS is generated at a rate of 8 GAS per block, and users holding NEO receive dividends in the form of GA.
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