Neo was founded by the same duo who established blockchain R&D company “OnChain” in Shangai, – Da Hongfei (CEO) and Erik Zhang (CTO). Designed to develop scalable decentralized applications, the base asset of the NEO blockchain is NEO token. The role of NEO token is to generate GAS tokens which can be used to pay transaction fees to run applications on the network. Neo uses Delegated Byzantine Fault Tolerance as its consensus algorithm. The creators of Neo selected this protocol because it allows better performance and scaling as compared to other consensus mechanisms.
We use cookies to ensure you get the best experience. By using our website you agree
to our Privacy Policy.
LOGIN WITH FACEBOOK
LOGIN WITH GOOGLE