What is Neo (NEO)?
NEO is an open-source community focused blockchain ecosystem.
NEO incorporates the trifecta of digital assets, digital identities, and smart contracts to create a foundation for the next generation of the Internet.
NEO, unlike many other blockchains, does not prescribe programming languages for their protocol. This opens the door to allowing developers to integrate effortlessly into the NEO ecosystem with whichever language they are most comfortable with, including C#, Python and Java.
All of this plays into reducing the barriers of entry into the ecosystem, and smoothing the transition from the Old World onto the blockchain.
NEO was one of the founding members of the interoperability protocol Poly Network. With the Poly protocol, cross-chain interactions between otherwise incompatible blockchains become seamless without the use of ‘wrapping’ or any extra tokens. This opens up both NEO and other blockchains to new use cases, and consequent possibilities.
Poly Network has already transferred more than $3 billion in value to NEO from participating networks.
The NEO network differs from most other blockchains because it has two native tokens: NEO and GAS. NEO serves as the main investment and governance token (allowing holders to vote on changes to the protocol) while GAS is used for transaction fees on the network. In other words, GAS is analogous to NEO, as ethereum gas fees are to ETH, with the distinction that NEO uses a completely separate coin while ETH uses its native currency.
Neo’s EcoBoost provides full life-cycle support to promising projects that are looking to build on the NEO ecosystem. This includes media partners for outreach and publicity, exchange partners for listings and liquidity, and institutional partners for other industry resources. So far, EcoBoost’s selection criteria has been mostly focused on large-scale commercial applications for the maximum impact.