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What is NEO?
NEO —— An Open Network For The Smart Economy
Website Explorer Technical Documentation
- Neo is an open-source, community driven platform. The project aims to leverage "the intrinsic advantages of blockchain technology to realize the optimized digital world of the future".
- The project was originally called Antshares, and when it was launched in 2014, it was believed to be the first public blockchain ever in China. The open-source platform was subsequently renamed Neo after three years.
- The NEO blockchain combines a series of technologies such as peer-to-peer networks, Delegated Byzantine Fault Tolerance algorithm, digital certificates, smart contracts, superconducting transactions, and cross-chain interoperability protocols, allowing to manage your smart assets quickly, efficiently, safely and legally.
- This network relies on a unique dual-token model: NEO and GAS. While NEO serves as an investment token and allows people to participate in votes concerning improvements to the blockchain, GAS is used to pay fees for the transactions that are being completed on the network.
NEO Key Metrics
| Recent Price | $41.26 |
|---|---|
Market Cap | $2,907,559,737.09 |
Circulating Supply | 70.538.831 NEO |
Total Supply | 100.000.000 NEO |
About NEO
NEO is a community-driven open-source platform. Using blockchain technology and digital identities, developers can realize digitalization and automation of asset management through smart contracts. NEO is committed to building the next-generation Internet infrastructure through a distributed network, laying the foundation for the large-scale implementation of blockchain technology in order to realize the grand vision of a smart economy.
The project was originally called Antshares, and when it was launched in 2014, it was believed to be the first public blockchain ever in China. The open-source platform was subsequently renamed Neo after three years.
NEO is based on blockchain technology, transforms real assets into digital assets, realizes intelligent management through smart contracts, and users select digital certificate authentication agencies to realize identity authentication. NEO is one of the most popular public chain projects at home and abroad. It is often compared to the Chinese version of the Ethereum network.
This network relies on a unique dual-token model: NEO and GAS. While NEO serves as an investment token and allows people to participate in votes concerning improvements to the blockchain, GAS is used to pay fees for the transactions that are being completed on the network.
NEO Project Team
The co-founders of Neo, and its predecessor Antshares, are Da Hongfei and Erik Zhang. Both serve as chairmen of the Neo Foundation, which aims to promote the blockchain’s adoption.
Da Hongfei, CEO of Onchain Distribution Technology, a representative of China's blockchain industry, and an early participant in the Chinese Bitcoin community. He has profound insights into the underlying technology, application scenarios, and industry pattern of the blockchain. He is a blockchain technical consultant for many banks, brokerages, and registration institutions.
Erik Zhang was the author of the Delegated Byzantine Fault Tolerance algorithm, which aims to deter untrustworthy participants from taking part in the blockchain’s operation. This technology went on to be used in the Neo blockchain. He also served as the core developer for this network, and is playing an instrumental role in the development of Neo 3.0, the next iteration of the project’s infrastructure.
NEO Technical Features
The NEO blockchain combines a series of technologies such as peer-to-peer networks, delegated Byzantine fault tolerance, digital certificates, smart contracts, superconducting transactions, and cross-chain interoperability protocols, allowing you to manage your smart assets quickly, efficiently, safely and legally.
- Delegated Byzantine Fault Tolerance: The original dBFT consensus mechanism, consensus nodes are reached through the Byzantine fault-tolerant algorithm to ensure the finality of transactions, and it can ensure that the system still has finality and availability when less than one-third of the nodes experience Byzantine failure.
- Cross-chain Interoperability Protocol: Which including cross-chain asset exchange protocol and cross-chain distributed transaction protocol, can realize atomic-level asset exchange between multiple blockchains, and can also execute smart contracts together on multiple blockchains and to ensure transaction consistency.
- Lattice-based Signature and Encryption Technology: Used to reduce the encryption and decryption problems to the SVP (shortest vector) problem that quantum computers cannot solve yet, so as to prevent quantum crises.
- Support Digital Certificates: Solving the trust problem of public chains, and use digital certificates to legally and compliantly issue assets on the blockchain and enjoy legal protection.
- Superconducting Transaction Mechanism: Which can realize a trustless digital asset exchange, matching various digital assets without the need to recharge.
NEO Community and Social Channel
