![]() The most common standard for issuing custom tokens on NEO is called NEP-5. For this reason, there have been a number of ICO projects that opted to conduct their token sales on NEO. Users can deploy their own custom digital assets that function on the NEO blockchain. As of January 2020, there are only 7 approved consensus nodes, although the NEO project is pushing towards further decentralization. There is no mining or staking in NEO, and the consensus process is handled by consensus nodes. The NEO blockchain achieves consensus through a dBFT (delegated byzantine fault tolerant) algorithm. While the maximum supply of NEO was already created at launch, GAS has not reached its supply cap and is created with every block produced on the NEO blockchain.Ī unique feature of the NEO coin is that it cannot be sub-divided into smaller units. GAS is necessary for deploying and running smart contracts on the NEO blockchain.īoth NEO and GAS have a maximum supply of 100 million coins. Holders of the NEO token periodically receive GAS – the more NEO they hold, the more GAS is awarded. NEO is a decentralized platform that enables users to launch smart contracts and DApps.
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