NEO cryptocurrency is a smart community-driven platform for decentralized applications, was launched in 2014. NEO was formerly known as Antshares. NEO is utilizing block chain technology and digital identity to digitize assets; smart contracts are automatically managed these digital assets.
Method of functioning
NEO cryptocurrency is the non-divisible blockchain. NEO met work facilitates the transaction fees by generating GAS tokens that can be used. NEO support up to 10,000 transactions per second because of its uses a delegated Byzantine Fault Tolerance (dBFT) consensus mechanism.
NEO peer to peer trustless exchange of digital assists. Buyer and sellers of digital assists and currency will be matched peer to peer without the need of third party exchange.