Neo Price (NEO)

Neo, initially known as Antshares, is an open-source blockchain platform that was launched in February 2014. It is often likened to the Chinese version of the Ethereum network due to its similar functionalities. Neo aims to create a new economy where digitized payments, identities, and assets come together, forming the foundation for the next generation of the internet. The platform has two native tokens: NEO and GAS. NEO serves as a token that allows people to participate in votes concerning improvements to the blockchain, while GAS is used to compensate for the transactions being completed on the network. The platform also operates an EcoBoost initiative that encourages the development of decentralized apps and smart contracts on its blockchain.

Neo operates using a Delegated Byzantine Fault Tolerance (dBFT) algorithm, which strives to deter untrustworthy participants from taking part in the blockchain's operation. This technology is used in the Neo blockchain and was authored by Erik Zhang, one of the co-founders of Neo. The platform also has continuous development, which aims to adapt to future demands. The project has developed Neo 3.0, enhancing network security and allowing a greater number of transactions per second to be processed.

Neo seeks to become the foundation for the next generation of the internet, a new economy where digitized payments, identities, and assets come together. It encourages the development of decentralized apps and smart contracts on its blockchain through its EcoBoost initiative. The platform's two native tokens, NEO and GAS, also have their own use cases. NEO serves as a token that allows people to participate in votes concerning improvements to the blockchain, while GAS is used to compensate for the transactions being completed on the network.

Neo was launched in February 2014, initially known as Antshares, and is believed to be China's first-ever public blockchain. The open-source platform rebranded to Neo three years later. The co-founders of Neo, and its predecessor Antshares, are Da Hongfei and Erik Zhang. Both serve as chairmen of the Neo Foundation, which seeks to facilitate the blockchain's adoption. Erik Zhang was the author of the Delegated Byzantine Fault Tolerance algorithm, which aims to deter untrustworthy participants from taking part in the blockchain's operation. This technology went on to be used in the Neo blockchain. He also served as the core developer for this network and is playing an instrumental role in the development of Neo 3.0, the next iteration of the project’s infrastructure.

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The current market cap of Neo is $1.02B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Neo is $196.85. This all-time high is highest price paid for Neo since it was launched.

Over the last 24 hours, the trading volume of Neo is $32.11M.

Assets that have a similar market cap to Neo include KuCoin Token, Arweave, Decentraland, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Neo is 71 million.