What Is NEO?

Used for investments and voting on proposed improvements to the NEO blockchain, NEO is one of two native tokens issued by the NEO Foundation; the other native token, GAS, is used to pay transaction fees. Launched in 2014 by Da Hongfei and Erik Zhang, The NEO Foundation (originally Antshares until its rebranding in 2017) builds and maintains a China-based blockchain ecosystem bolstering projects that aim to establish the blockchain as a mainstream alternative to Internet-based transactions. It is also believed to be China’s first blockchain. To secure NEO Erik Zhang created a delegated Byzantine Fault Tolerance mechanism (dBFT) in which, somewhat like proof of stake (PoS), coin holders vote for delegates who process transactions through a two-thirds consensus. The maximum supply is 100,000,000 NEO tokens, all generated at launch. Thus NEO (unlike GAS) cannot be mined. The average block time for NEO is …. See below for a full selection of markets where you can trade NEO for other cryptocurrencies, US dollars, and other fiat currencies.