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.

NEO is a non-profit community-driven blockchain project. It utilizes blockchain technology and digital identity to digitize assets and automate the management of digital assets using smart contracts. Using a distributed network, it aims to create a "Smart Economy".NEO was founded in 2014 and was open sourced on GitHub in June 2015. The project has a huge developer community around the world, such as CoZ, NEL and NeoResearch, who continuously contribute to NEO development.<ul><li>Created in 2014 by Da Hongfei</li><li>NEO was modeled after ETH, and is also known as the ‘Chinese Ethereum’</li><li>Designed to be easily modified and to have no forking ability, NEO faces fewer challenges in the Chinese market than other cryptocurrencies</li><li>Overall supply of NEO is hard-capped at 100 million tokens, to be released gradually into circulation</li></ul>

Neo is a blockchain designed to build a smart economy by integrating digital assets, identities, and smart contracts. 

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