NEO is an open-source platform driven by the community. It is an open-source decentralized platform to manage digital assets by smart contracts.
It utilizes blockchain technology and digital identities to digitize and automate the management of assets using smart contracts. Using a distributed network, it aims to create a smart economy by building infrastructures of the next-gen Internet and creating a solid foundation for mass blockchain adoption. Launched in 2016, the NEO MainNet has been in stable operation for more than four years. NEO launched NEO N3 in 2021, a robust implementation with high throughput, enhanced stability and security, an optimized smart contract system, and a feature-packed infrastructure set to empower developer adoption and accelerate enterprise-grade blockchain innovations.
NEO has two native tokens, NEO (abbreviated symbol N$EO) and NeoGas (abbreviated symbol $GAS). $NEO, with a total of 100 million tokens, represents the right to manage the network. Management rights include voting for bookkeeping, NEO network parameter changes.
Why NEO ($NEO) Unique?
One of the unique selling points of the NEO blockchain concerns its continuous development, which helps ensure that it is future-proofed and able to cope with sudden increases in demand. As mentioned earlier, the project has developed NEO 3.0 — enhancing network security and allowing a greater number of transactions per second to be processed.
Furthermore, few other blockchain projects also run a development fund to the extent that NEO does. EcoBoost launched back in 2019, and it was billed as an initiative that provides “full life-cycle support for high-potential projects” — including grants, technical support, and promotion on social media.