What is Neo (NEO)?

By CMC AI
14 November 2026 07:04PM (UTC+0)
TLDR

Neo (NEO) is an open source blockchain platform for building apps and managing digital assets with smart contracts.

  1. It aims to support a “smart economy” by making digital asset management programmable.

  2. NEO is used for network governance; GAS pays for transactions and smart contract operations.

Deep Dive

1. Purpose and functionality

Neo lets developers create decentralized applications and automate asset management using smart contracts: programs that run on the blockchain. The platform also provides infrastructure such as decentralized storage, oracles that bring external data on chain, and domain name services. Neo

2. NEO and GAS

Neo uses two tokens with different roles. NEO gives holders a role in governance, including voting for the Neo Council; GAS is used to pay for transactions and contract execution. This separates participation in network governance from paying for network use. Neo CEX.IO

Conclusion

Neo is a smart contract blockchain for applications and digital assets, with NEO for governance and GAS for network operations. How well can its built in tools help developers create useful applications?null

CMC AI can make mistakes. Not financial advice.