Deep Dive
1. Purpose and technology
Neo is an open source blockchain: a shared digital ledger where programs called smart contracts can run without a central operator. Developers can use it to build decentralized applications and digitize assets. Neo also offers built in services such as decentralized storage, data oracles, and domain names, according to Neo’s overview.
2. NEO token and GAS
NEO and GAS have different roles. NEO gives holders a role in network governance, including voting for the Neo Council. GAS pays transaction and application fees on the network. This separates participation in governance from the token used to power network activity.
Conclusion
Neo is a smart contract platform, and NEO is its governance token; GAS fuels its on chain activity. How effectively can Neo’s built in tools help developers create useful applications?null
