What is NEO?
So NEO has been causing a lot of buzz the past couple of days, and some are seeing it as an "Ethereum killer"..
With 1000 TPS (transactions per second) and final confirmations in 15-20 seconds NEO is looking more like a competitor for EOS!
According to https://neo.org/
NEO, formerly Antshares, is China's first ever open source blockchain. Founded in 2014, NEO’s mission has been to reinvent the way commerce is done. We believe technology drives progress and together we can create the future. Motivated by this, NEO has been created to shift our traditional economy into the new era of the Smart Economy.
NEO vs GAS
Now many people are talking about GAS as well, and if you go to coinmarketcap.com the website for GAS is neo.org, and only by reading the white paper (here: http://docs.neo.org/en-us/index.html) will they even refer to GAS or neoGAS.
The supply of both NEO and GAS will be 100 million each.
NEO, with a total of 100 million tokens, represents the right to manage the network. Management rights include voting for bookkeeping, NEO network parameter changes, and so on. The minimum unit of NEO is 1 and tokens cannot be subdivided.
GAS is the fuel token for the realization of NEO network resource control, with a maximum total limit of 100 million. The NEO network charges for the operation and storage of tokens and smart contracts, thereby creating economic incentives for bookkeepers and preventing the abuse of resources. The minimum unit of GAS is 0.00000001.
The current supply of GAS is 9,677,664, and it seems like it will take 22 years to get to 100 million GAS.
In the genesis block of the NEO network, 100 million NEOs are generated, GAS has not yet been generated. 100 million GAS, corresponding to the 100 million NEO, will be generated through a decay algorithm in about 22 years time to address holding NEO.
Conclusion
So basically NEO is the shares token, and GAS is the fuel token.
In a previous post I did it showed where currently holding 1 NEO earns .1 GAS in an entire year, which you can check out here https://steemit.com/neo/@stealthtrader/how-much-gas-does-1-neo-generate where you can see how much GAS your NEO will earn you!
So definitely check out NEO and GAS if you are interested at https://neo.org/ for more details!
Current NEO price: $31.41
Current GAS price: $19.86
Source:
https://coinmarketcap.com/currencies/neo/
https://coinmarketcap.com/assets/gas/
Image Source:
https://cryptocanucks.com/neo-2-0-launch-set-august-8/
Disclaimer: This is not investment advice, and I am not an Investment Advisor. This for entertainment purposes only!
Post - Vote - Earn :D
nice........ @sultan-aceh
Would you say the data points to GAS being more valuable while the supply is under the max and the value of NEO wont be fully realized until the max supply is released?