NEO is a blockchain platform founded in China in 2014 by Da Hongfei and Erik Zhang, originally under the name AntShares before rebranding to NEO in 2017. Often described as a smart contract platform with similarities to Ethereum, NEO was designed to support digitised asset issuance, decentralised application development, and digital identity verification. The network uses a delegated Byzantine Fault Tolerant consensus mechanism, which allows for fast transaction finality without proof-of-work mining. NEO has long positioned itself as a blockchain infrastructure layer intended to be compatible with regulatory frameworks in China and other jurisdictions.<\/p>\n
NEO operates a dual-token system: NEO is the governance token, and holding it generates GAS, a separate utility token used to pay for transactions and smart contract execution on the network. NEO cannot be subdivided into fractional units. In 2021, NEO launched N3, a major network upgrade that introduced a new virtual machine, improved smart contract tooling, and a rebuilt storage layer. The network supports development in multiple programming languages including Python, Java, and C#, which lowers the barrier for developers outside the Solidity ecosystem. Despite an active developer community, NEO’s share of decentralised application activity globally remains modest relative to Ethereum and its layer-2 ecosystem, and the project competes for developer mindshare in a crowded smart contract platform market.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEO is a blockchain platform founded in China in 2014 by Da Hongfei and Erik Zhang, originally under the name AntShares before rebranding to NEO in 2017. Often described as a smart contract platform with similarities to Ethereum, NEO was designed to support digitised asset issuance, decentralised application development, and digital identity verification. The network \u2026<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"tmp_coingecko_id":"neo","tmp_symbol":"NEO","tmp_rank":0,"tmp_chain":"","tmp_ticker":"","tmp_pair":"","tmp_yahoo_symbol":"","tmp_faq":"[{\"q\":\"How does NEO's dual-token model work?\",\"a\":\"NEO uses two tokens: NEO itself is the governance token, and holding it in a compatible wallet generates GAS passively. GAS is the network's utility token, used to pay for transaction fees and smart contract deployment and execution. NEO is issued in whole-number units only and cannot be divided, while GAS can be divided and is spent in normal network operations.\"},{\"q\":\"What is the N3 upgrade and what did it change?\",\"a\":\"N3 was a major protocol overhaul launched in 2021 that replaced the original NEO legacy network. It introduced a redesigned Neo Virtual Machine with improved performance, a new storage architecture, updated native contract support, and a rebuilt developer toolchain. The upgrade also introduced a new governance model and modified the GAS distribution mechanism. Users holding NEO on the legacy chain were required to migrate their assets to N3.\"},{\"q\":\"What programming languages can developers use on NEO?\",\"a\":\"NEO supports smart contract development in several mainstream programming languages including C#, Python, Java, and Go, through officially maintained SDKs. This contrasts with Ethereum, where Solidity has historically dominated. The intent is to lower the entry barrier for developers already proficient in these languages, though in practice the tooling ecosystem and community support remain smaller than those available on Ethereum.\"},{\"q\":\"What risks apply to NEO as a long-term investment?\",\"a\":\"NEO competes directly with Ethereum and a large number of other smart contract platforms for developer and user adoption, a competition it has not won in terms of deployed application activity. Its concentration in the Chinese market exposes it to the same regulatory risks as other blockchain projects operating in that jurisdiction. The NEO token's value is closely tied to GAS demand from network usage, which has not grown at the pace early adoption projections implied.\"}]"},"class_list":["post-1000220","coin","type-coin","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/dev.themarketperiodical.com\/es\/wp-json\/wp\/v2\/coin\/1000220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.themarketperiodical.com\/es\/wp-json\/wp\/v2\/coin"}],"about":[{"href":"https:\/\/dev.themarketperiodical.com\/es\/wp-json\/wp\/v2\/types\/coin"}],"wp:attachment":[{"href":"https:\/\/dev.themarketperiodical.com\/es\/wp-json\/wp\/v2\/media?parent=1000220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}