Ethereum, Neo’s smart contracts have an advantage in terms of the programming languages that they support. While Ethereum released its own programming language called <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-solidity/">Solidity, Neo supports most of the popular programming languages such as Java, Python, and others. Thus, developers are less likely to make coding errors, since they can use the programming languages they already know.<\/p>\r\n<p>In 2021, a new version of the network called <strong>Neo 3.0<\/strong> was released. The main aim of this update was to support blockchain interoperability by developing external cross-chain and native on-chain ecosystems. In order to achieve this, Neo employed <strong>Poly Network<\/strong>, which is an interoperability protocol.<\/p>\r\n<p>Considering the ecosystem of the Neo blockchain, apart from NEO tokens, it also has <strong>GAS tokens<\/strong>. These tokens are <strong>used as a payment method for transaction fees and smart contract execution<\/strong>. GAS tokens are produced every time a new block is formed, which roughly takes around 20 seconds. They can be acquired by staking NEO tokens and participating in the process of Neo’s consensus mechanism.<\/p>\r\n<p>Speaking of which, <strong>Neo uses the Delegated Byzantine Fault Tolerance (dBFT) consensus algorithm<\/strong>. Based on real-time blockchain voting, the algorithm chooses the validators (consensus nodes) for the following consensus round. This reduces block time and transaction confirmation time while improving algorithmic efficiency.<\/p>\r\n<p>The network's stability and safety were increased with the introduction of dBFT2.0, an upgraded version of the algorithm, which was released in March 2019. It added a recovery mechanism and a 3-stage consensus method. This algorithm requires that the majority of consensus nodes reach an agreement before new blocks are created.<\/p>\r\n<h2>The Story of Neo<\/h2>\r\n<p>The Neo crypto project was launched in 2014 by<strong> Da Hongfei and Erik Zhang<\/strong>. It’s believed to be the first China-based public blockchain. Initially, the name of the network was Antshares. However, after three years, it was renamed Neo, which symbolized a new company’s approach. Though unofficially it’s also sometimes referred to as Ethereum's killer or the Chinese version of Ethereum.<\/p>\r\n<p>Talking about the founders, \u200b\u200bDa Hongfei has a degree in technology and English. Prior to founding Neo, Hongfei worked at a consulting company. Besides, apart from founding Neo, he also founded OnChain together with Zhang, which is the company behind Neo.<\/p>\r\n<p>Erik Zhang has a degree in computer science. Apart from founding Neo and OnChain, he developed the Delegated Byzantine Fault Tolerance algorithm. Besides, together with Hongfei, he founded the Neo Foundation, which aims to encourage the use of the Neo blockchain. Hongfei and Zhang are the chairmen of this foundation.<\/p>\r\n<h2>The Purpose of NEO Coins<\/h2>\r\n<p>NEO has two main functions – it allows users to participate in the governance process, and it allows them to claim GAS tokens.<\/p>\r\n<p><strong>In terms of governance<\/strong>, NEO holders take part by casting votes for the Neo Committee. It’s made up of members and the consensus nodes that run the Neo blockchain. The Neo Committee keeps the network active and modifies crucial blockchain characteristics.<\/p>\r\n<p><strong>In terms of GAS tokens<\/strong>, holders of NEO can <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-staking/">stake their tokens in order to claim GAS. These tokens are essential to the Neo ecosystem since, as already mentioned, they are required to fund transactions and the execution of smart contracts.<\/p>\r\n<p>Just make sure to look at the Neo price chart because it displays both current and previous NEO prices.<\/p>\r\n<h2>Tokenomics of NEO Coins<\/h2>\r\n<p>NEO has a total supply of 100 million coins. <strong>All of the coins were created during the initial launch<\/strong> and there is no possibility of creating more. Half of the supply was dedicated to supporters of NEO during the crowdfunding, while the other half is dedicated to the development of the network and it’s managed by the Neo Council.<\/p>\r\n<p>Besides, note that <strong>NEO coins cannot be divided. <\/strong>This means that you can only transfer 1, 10, or 20 NEO coins but not 1.5, 10.6, or 20.5849 coins.<\/p>\r\n<p>Lastly, the NEO price is subject to change, so keep that in mind if you're thinking about purchasing NEO tokens. This happens as a result of the NEO price being affected by the overall fluctuation of the cryptocurrency market.<\/p>","disclaimer":null,"url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/neo-neo-price","crypto_currency_info":{"id":29,"crypto_currency_id":157,"description":"Neo (NEO) is a cryptocurrency . Neo has a current supply of 100,000,000 with 70,538,831 in circulation. The last known price of Neo is 24.75330447 USD and is up 3.15 over the last 24 hours. It is currently trading on 243 active market(s) with $218,773,974.36 traded over the last 24 hours. More information can be found at https:\/\/neo.org\/.","tags":"[\"platform\",\"enterprise-solutions\",\"smart-contracts\"]","platform":null,"category":"coin","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/1376.png","original_links":"{\"website\":[\"https:\\\/\\\/neo.org\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/neo_blockchain\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/neo-smart-economy\"],\"chat\":[\"https:\\\/\\\/t.me\\\/NEO_EN\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/neoscan.io\\\/\",\"https:\\\/\\\/explorer.o3.network\\\/\",\"https:\\\/\\\/neo.tokenview.com\\\/\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\"],\"technical_doc\":[\"https:\\\/\\\/docs.neo.org\\\/docs\\\/en-us\\\/index.html\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/neo-project\\\/neo\"],\"announcement\":[\"https:\\\/\\\/bitcointalk.org\\\/index.php?topic=2057932.0\"]}","links":"{\"website\":{\"neo.org\":\"https:\\\/\\\/neo.org\\\/\"},\"community\":{\"x.com\":\"https:\\\/\\\/x.com\\\/neo_blockchain\",\"medium.com\":\"https:\\\/\\\/medium.com\\\/neo-smart-economy\",\"reddit.com\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\",\"telegram.org\":\"https:\\\/\\\/t.me\\\/NEO_EN\"},\"explorer\":{\"neoscan.io\":\"https:\\\/\\\/neoscan.io\\\/\",\"explorer.o3.network\":\"https:\\\/\\\/explorer.o3.network\\\/\",\"neo.tokenview.com\":\"https:\\\/\\\/neo.tokenview.com\\\/\"},\"technical_doc\":\"https:\\\/\\\/docs.neo.org\\\/docs\\\/en-us\\\/index.html\",\"source_code\":\"https:\\\/\\\/github.com\\\/neo-project\\\/neo\"}","data":"{\"id\":1376,\"name\":\"Neo\",\"symbol\":\"NEO\",\"category\":\"coin\",\"description\":\"Neo (NEO) is a cryptocurrency . Neo has a current supply of 100,000,000 with 70,538,831 in circulation. The last known price of Neo is 24.75330447 USD and is up 3.15 over the last 24 hours. It is currently trading on 243 active market(s) with $218,773,974.36 traded over the last 24 hours. More information can be found at https:\\\/\\\/neo.org\\\/.\",\"slug\":\"neo\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/1376.png\",\"subreddit\":\"NEO\",\"notice\":\"\",\"tags\":[\"platform\",\"enterprise-solutions\",\"smart-contracts\"],\"tag-names\":[\"Platform\",\"Enterprise Solutions\",\"Smart Contracts\"],\"tag-groups\":[\"CATEGORY\",\"INDUSTRY\",\"CATEGORY\"],\"urls\":{\"website\":[\"https:\\\/\\\/neo.org\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/neo_blockchain\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/neo-smart-economy\"],\"chat\":[\"https:\\\/\\\/t.me\\\/NEO_EN\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/neoscan.io\\\/\",\"https:\\\/\\\/explorer.o3.network\\\/\",\"https:\\\/\\\/neo.tokenview.com\\\/\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\"],\"technical_doc\":[\"https:\\\/\\\/docs.neo.org\\\/docs\\\/en-us\\\/index.html\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/neo-project\\\/neo\"],\"announcement\":[\"https:\\\/\\\/bitcointalk.org\\\/index.php?topic=2057932.0\"]},\"platform\":null,\"date_added\":\"2016-09-08T00:00:00.000Z\",\"twitter_username\":\"neo_blockchain\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[],\"self_reported_circulating_supply\":null,\"self_reported_tags\":null,\"self_reported_market_cap\":null}","launched_at":null,"created_at":"2022-03-25T14:20:16.000000Z","updated_at":"2023-05-18T14:34:11.000000Z"},"social_profile":{"id":155,"profilable_type":"CryptoCurrency","profilable_id":157,"twitter":"{\"name\":\"Neo\",\"username\":\"@neo_blockchain\",\"follower_count\":426190,\"following_count\":189,\"tweet_count\":4372,\"created_at\":\"2014-06-28 00:00:00\"}","reddit":"{\"subscribers\":118965,\"description\":\"Neo is an open-source, community driven platform that is leveraging the intrinsic advantages of blockchain technology to realize the optimized digital world of the future.\",\"created_at\":\"2008-08-07 00:00:00\",\"subreddit_type\":\"public\",\"subreddit_name\":\"r\\\/NEO\",\"moderators\":13,\"hot\":[{\"title\":\"Weekly Discussion - November 17, 2025 - November 24, 2025\",\"author\":\"AutoModerator\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1ozefq5\\\/weekly_discussion_november_17_2025_november_24\\\/\",\"created_at\":\"2025-11-17 12:01:14\",\"icons\":[]},{\"title\":\"Weekly Discussion - December 22, 2025 - December 29, 2025\",\"author\":\"AutoModerator\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1psxvvs\\\/weekly_discussion_december_22_2025_december_29\\\/\",\"created_at\":\"2025-12-22 12:01:32\",\"icons\":[]},{\"title\":\"Missed the migration. What now? I have NEO Legacy.\",\"author\":\"CrybabyEater3000\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1pt17be\\\/missed_the_migration_what_now_i_have_neo_legacy\\\/\",\"created_at\":\"2025-12-22 14:41:06\",\"icons\":[]},{\"title\":\"Anybody knows what's gonna happen EOY?\",\"author\":\"mazda7281\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1praf0y\\\/anybody_knows_whats_gonna_happen_eoy\\\/\",\"created_at\":\"2025-12-20 09:25:44\",\"icons\":[]},{\"title\":\"Neo Coin Is It Really Crashed Now?\",\"author\":\"longandfuture\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1pqa9gl\\\/neo_coin_is_it_really_crashed_now\\\/\",\"created_at\":\"2025-12-19 03:04:18\",\"icons\":[]},{\"title\":\"A message for Erik Zhang by KayAppeal\",\"author\":\"loobooloo\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1pp78fc\\\/a_message_for_erik_zhang_by_kayappeal\\\/\",\"created_at\":\"2025-12-17 20:31:18\",\"icons\":[]},{\"title\":\"Time to sell?\",\"author\":\"DazzaTheComic\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1ppfxci\\\/time_to_sell\\\/\",\"created_at\":\"2025-12-18 02:52:58\",\"icons\":[]},{\"title\":\"UPDATE: 200\\\/500 Joker NFTs MINTED & 5 Joker GIVEAWAY!\",\"author\":\"International-You240\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1pp7fgb\\\/update_200500_joker_nfts_minted_5_joker_giveaway\\\/\",\"created_at\":\"2025-12-17 20:39:13\",\"icons\":[]},{\"title\":\"Maybe now they can message the financial reports to us \\ud83d\\ude0d\",\"author\":\"loobooloo\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1pofdm2\\\/maybe_now_they_can_message_the_financial_reports\\\/\",\"created_at\":\"2025-12-16 22:16:43\",\"icons\":[]},{\"title\":\"Weekly Discussion - December 15, 2025 - December 22, 2025\",\"author\":\"AutoModerator\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1pn5nc6\\\/weekly_discussion_december_15_2025_december_22\\\/\",\"created_at\":\"2025-12-15 12:01:28\",\"icons\":[]},{\"title\":\"Help with legacy Neo\",\"author\":\"Ok-Lingonberry7413\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1pjnkig\\\/help_with_legacy_neo\\\/\",\"created_at\":\"2025-12-11 03:43:35\",\"icons\":[]},{\"title\":\"Professor Dashboard's War on Bugs - Joker NFT Collection.\",\"author\":\"International-You240\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1pihbqe\\\/professor_dashboards_war_on_bugs_joker_nft\\\/\",\"created_at\":\"2025-12-09 19:52:06\",\"icons\":[]},{\"title\":\"Weekly Discussion - December 08, 2025 - December 15, 2025\",\"author\":\"AutoModerator\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1phankr\\\/weekly_discussion_december_08_2025_december_15\\\/\",\"created_at\":\"2025-12-08 12:01:36\",\"icons\":[]},{\"title\":\"So is there any notable news in the last month regarding Neo's direction with Eric and Da?\",\"author\":\"Iridescent-Glow\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1pgs3te\\\/so_is_there_any_notable_news_in_the_last_month\\\/\",\"created_at\":\"2025-12-07 20:04:59\",\"icons\":[]},{\"title\":\"Nikolaus Event Time!\",\"author\":\"NeoUltimateShop\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1pgrbaw\\\/nikolaus_event_time\\\/\",\"created_at\":\"2025-12-07 19:33:54\",\"icons\":[]},{\"title\":\"COZ announces collaboration with Iron Studios for Licensed NFIs\",\"author\":\"lllwvlvwlll\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1pfconx\\\/coz_announces_collaboration_with_iron_studios_for\\\/\",\"created_at\":\"2025-12-06 01:26:42\",\"icons\":[]},{\"title\":\"Weekly Discussion - December 01, 2025 - December 08, 2025\",\"author\":\"AutoModerator\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1pbazsc\\\/weekly_discussion_december_01_2025_december_08\\\/\",\"created_at\":\"2025-12-01 12:02:15\",\"icons\":[]},{\"title\":\"Sigh. So if I still have legacy NEO somewhere, I lost it all?\",\"author\":\"Grahnite\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1p9kn0t\\\/sigh_so_if_i_still_have_legacy_neo_somewhere_i\\\/\",\"created_at\":\"2025-11-29 09:19:03\",\"icons\":[]},{\"title\":\"Weekly Discussion - November 24, 2025 - December 01, 2025\",\"author\":\"AutoModerator\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1p5f8sl\\\/weekly_discussion_november_24_2025_december_01\\\/\",\"created_at\":\"2025-11-24 12:01:49\",\"icons\":[]},{\"title\":\"Flamingo Finance Community Lagoon AMA November on X Tomorrow\",\"author\":\"OrsonJ\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1p5cbbc\\\/flamingo_finance_community_lagoon_ama_november_on\\\/\",\"created_at\":\"2025-11-24 09:06:29\",\"icons\":[]},{\"title\":\"How can Erik become project lead without knowing the financials?\",\"author\":\"loobooloo\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1p3omml\\\/how_can_erik_become_project_lead_without_knowing\\\/\",\"created_at\":\"2025-11-22 08:59:21\",\"icons\":[]},{\"title\":\"Council votes to reduce registration fees\",\"author\":\"lllwvlvwlll\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1p28izc\\\/council_votes_to_reduce_registration_fees\\\/\",\"created_at\":\"2025-11-20 17:01:49\",\"icons\":[]},{\"title\":\"Da is out\",\"author\":\"OrsonJ\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1p075g4\\\/da_is_out\\\/\",\"created_at\":\"2025-11-18 09:01:55\",\"icons\":[]},{\"title\":\"Erik Zhang (co-founder of NEO) was denied access to NEO\\u2019s financial reports.\",\"author\":\"mazda7281\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1oyqjnf\\\/erik_zhang_cofounder_of_neo_was_denied_access_to\\\/\",\"created_at\":\"2025-11-16 16:47:53\",\"icons\":[]},{\"title\":\"Today I learned that \\\"Neo is new again\\\" and they are \\\"Introducing Neo X\\\"\",\"author\":\"[deleted]\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/NEO\\\/comments\\\/1ovfcf7\\\/today_i_learned_that_neo_is_new_again_and_they\\\/\",\"created_at\":\"2025-11-12 19:46:32\",\"icons\":[]}]}","github":"{\"stars\":3526,\"watchers\":363,\"forks\":1044,\"language\":\"C#\",\"license\":\"MIT License\",\"repo_name\":\"neo-project\\\/neo\",\"repo_link\":\"https:\\\/\\\/github.com\\\/neo-project\\\/neo\",\"public_repos\":24,\"bio\":null,\"type\":\"Organization\",\"username\":\"neo-project\",\"user_link\":\"https:\\\/\\\/github.com\\\/neo-project\",\"created_at\":\"2015-05-31 00:00:00\"}","telegram":"{\"title\":\"Neo Smart Economy (Official)\",\"description\":\"Neo is an open-source platform for the Smart Economy. Official Site: https:\\\/\\\/neo.org \\n\\nFor developer related queries join discord:\\nhttps:\\\/\\\/discord.gg\\\/sTCjDUMp\\n\\nFollow us on Twitter for real-time announcements:\\nhttps:\\\/\\\/twitter.com\\\/NEO_Blockchain\",\"chat_id\":\"@NEO_EN\",\"member_count\":20140}","domain":"{\"domain_rating\":70,\"ahrefs_top\":93416,\"traffic\":17419.358954485626,\"website\":\"https:\\\/\\\/neo.org\"}"},"halving_page":null,"buy_page":{"id":26,"crypto_currency_id":157,"button_link":null,"slug":"neo","created_at":"2020-12-29T08:37:49.000000Z","updated_at":"2023-08-16T12:42:57.000000Z","content":null,"middle_cta_text":null,"introduction":null,"reasons":null,"benefits":null,"faq":null,"status":"published","published_at":"2023-05-22T06:11:43.000000Z","url":"https:\/\/www.bitdegree.org\/crypto\/buy-neo"}}"
:fiat-currency=""USD"">
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
426.19K
Followers: 426,190
0.04%
Following
189
0.00%
Posts count
4,372
0.02%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
118.96K
Subscribers: 118,965
0.05%
Subreddit type
public
Moderators
13
0.00%
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
20.14K
Members: 20,140
0.31%
Title
Neo Smart Economy (Official)
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
70 / 100
0.00%
Ahrefs Rank
93,416
0.00%
Organic Traffic (mo.)
17,419
0.00%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
24
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
3.52K
Stars: 3,526
0.06%
Watchers
363
0.00%
Forks
1,044
0.00%
Language
C#
r/NEO hot topics
@neo_blockchain posts