Neo

NEO is a decentralized open-source blockchain platform and cryptocurrency, founded in 2014. NEO employs blockchain technology and digital identity systems to digitize and automate the management of assets through the use of smart contracts. NEO aims to build a scalable network of decentralized applications (dApps) using its native token, also called NEO. The NEO blockchain is designed to be highly scalable, with the ability to process over 10,000 transactions per second. It uses a consensus mechanism called Delegated Byzantine Fault Tolerance (dBFT), which is intended to provide a more efficient and secure way of validating transactions compared to traditional proof-of-work (PoW) consensus. NEO has two native tokens - NEO and GAS. NEO represents the right to manage the network, including voting for bookkeeping and making changes to the NEO protocol. GAS is the fuel that is used to power transactions and execute smart contracts on the NEO network. The NEO network has seen steady development and growth since its launch. It has attracted a large and active developer community that has built numerous dApps and tools on the platform. NEO has also formed partnerships with various organizations and companies to further its adoption and ecosystem.