Neo Project main aim is to be the distributed network for Smart Economy, using digital assets, digital identity and smart contracts.
Neo, formerly Antshares, was developed by the Shanghai company OnChain, founded by Da Hong Fei. This Project was funded by two ICOs, first one being in Oct-15. 40 million coins were sold for 5 million dollars.
Digital Asset
Digital Asset is anything that exists in binary format and with the right to use. With the revolution of blockchain the digitization of these assets is made decentralized, safe, trustworthy and free of a third party.
They are two types of digital assets that one can use in NEO:
· Global assets, recognized by the whole system.
· Contract assets, recognized in their specific contracts.
Digital Identity
Digital identity is the digitization of the information of the user. In the NEO blockchain we Will be able to verify our identity with fingerprints, voice, sms and multiple other forms.
Smartcontracts
NEO smartcontracts can be written with Javascript or C#
They are two tokens, NEO and GAS.
The ownership of NEO gives the holder rights to manage and make decisions for the network. NEO token cant be subdivided into decimals and each NEO generates GAS.
GAS is what fuels Smart contracts and the whole NEO blockchain. GAS is the currency inside the blockchain
Interesting dApps and tokens inside NEO blockchain:
· Red Pulse (RPX)
· TheKey (TKY)
· Elastos (ELA)