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Neo is a distributed network using blockchain technology and digital identity to digitize assets and automate the management of digital assets via smart contracts. The Neo network has two tokens. NEO represents the right to manage the Neo blockchain, while GAS represents the right to utilize the Neo Blockchain.
Neo network charges GAS for assets issuance and smart contract operation, including translations that modify the blockchain status. At the time of Genesis block, the Neo N3 Genesis block will mint the corresponding amount of GAS token required to account for GAS tokens circulating on the NEO Legacy chain.
Neo also offers native infrastructures like decentralized storage and oracles. It features a virtual machine, digital certificates, P2P exchange, and support for different kinds of digital assets. It also offers support for multiple programming languages for developing smart contracts, use of Byzantine Fault Tolerance Algorithm for consensus, iLattice cryptography-based signing, and cross-chain asset swap protocol.
