Neo

Introduction to Neo Cryptocurrency Product

• Project Overview: Neo is an open-source, community-driven blockchain platform designed to leverage the inherent advantages of blockchain technology to build an optimized digital world of the future. Positioned as a ‘Smart Economy’ platform, Neo aims to enable asset digitization and smart contract automation through a distributed network.
• Technical Architecture: Neo employs a unique dBFT (Delegated Byzantine Fault Tolerance) consensus mechanism, ensuring efficient and secure transaction processing. Its latest version, Neo N3, represents the most advanced iteration of the Neo blockchain, offering enhanced features and superior performance.
• Token Mechanism: Neo operates on a dual-token model with NEO and GAS. NEO tokens are used for governance, allowing holders to participate in network decisions and earn GAS as passive income; GAS serves as the fuel token for paying transaction fees.
• Ecosystem and Features: Neo supports smart contracts, decentralized storage (NeoFS), identity management (NeoID), and cross-chain interoperability. Additionally, Neo X, an EVM-compatible sidechain, offers a native bridge and anti-MEV (Miner Extractable Value) capabilities, providing developers with a flexible development environment.
• Use Cases: Neo’s technology supports a wide range of decentralized applications (dApps), particularly in DeFi (Decentralized Finance), digital asset management, and cross-chain solutions, offering diverse tools and opportunities for users and developers alike.
• Community and Development: As a community-driven project, Neo continuously attracts participation from global developers and users, striving to promote the adoption and innovation of blockchain technology.