Inspired by Ethereum, NEO is a Chinese blockchain-based platform that enables the management of digital assets through digital identities and smart contracts. The goal of this project to create a “Smart Economy” with a distributed network; where parties around the world may interact digitally and freely while being regulatory compliant.
NEO’s blockchain-network is fueled by GAS, a subsidiary token used to pay the network for all NEO operations. GAS tokens act as dividends which are paid out to those holding NEO on supported wallets.
NEO’s mission for the future is solidified through many backings and partnerships, notably from the Chinese government, Microsoft, AliBaba, and OnChain.
- 1000 transactions/second, (Ethereum transaction speed: 15 transactions/second).
- No hard forks.
- Proof-of-Stake consensus mechanism (requires minimal energy to run the network).
- Supports many programming languages.
- Not mineable.
Where/How to buy:
NEO can be purchased with Canadian Dollars and/or other supported cryptocurrencies on our exchange. Refer to the Getting Started section to learn about buying and selling cryptocurrencies on the NDAX platform.