neo org

NeoOrg is a blockchain platform for the advancement of digital assets and smart contracts. The project was launched by Da Hongfei and Erik Zhang back in 2014. and was originally named AntShares before rebranding as NEO in 2017. The ecosystem has two native tokens, namely NEO and GAS. NEO token holders can take part in governance procedures and are also eligible to earn a passive distribution of the token called GAS. Meanwhile, the GAS token is utilized to pay for dApp purchases, transaction fees, and smart contract deployments.   The data chain’s existing transactions are kept on different computers that are independent of each other. All operations conducted with the NEO cryptocurrency are checked by these data blocks, which identify the owner and transaction. The platform offers a wide array of services such as interoperability, native oracles, smart contracts, decentralized storage, and self-sovereign ID, amongst others. After a prolonged four years of mainnet operation, NEO has had its biggest evolution, as it emigrated to Neo 3. That said, the network is secured by a delegates-by-fault-tolerance consensus mechanism.