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#33
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- r/NEO
What is NEO?
NEO is a blockchain platform and cryptocurrency which enables the development of digital assets and smart contracts. The project is based in China and was originally launched in 2014 as AntShares. NEO uses a delegated Byzantine Fault Tolerance (dBFT) consensus mechanism and can support up to 10,000 transactions per second. NEO tokens can be staked to produce GAS tokens which are used as the fuel of the platform, to pay for computation or deployment of smart contracts within the NEO network. Neo’s main aim is to be the distributed network for “smart economy”. The project was founded by Da Hongfei.
NEO is a cryptocurrency with a price of $50.03 and marketcap of $3,528,740,067. NEO's market price has increased 0.25% in the last 24 hours. It ranks 33 amongst all cryptocurrencies with daily volume of $427,359,625.
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