NEO NEO Price

NEO is an open source blockchain designed to create a scalable and decentralized network for the smart economy. It integrates digital assets, digital credentials and smart contracts, allowing users to automate the management of digital assets through its smart contract system. The platform utilizes a dual token model, with NEO serving as the management token and GAS being used for transaction fees and smart contract execution, ensuring efficient and transparent interactions on the network.

NEO utilizes a consensus mechanism called Delegated Byzantine Fault Tolerance (dBFT), which provides high throughput and low latency, making it suitable for large-scale commercial applications. The platform also supports multiple programming languages, making it accessible to developers with different technical backgrounds. Through its comprehensive ecosystem, NEO aims to create a smart economy where digital assets, credentials and contracts are seamlessly integrated.