GAS 2018-02-07T20:18:52+00:00

What is Neo NEO price antshares What is GAS gas price where to buy gas

What Is Gas?

Since Gas is connected to NEO, it’s important to mention a little bit about NEO before going into
the nature of Gas.

So, what is NEO?

NEO states that it is a a new standard for digital assets, a new blockchain – based digital based
identity system and a new ecosystem for smart contracts.
It was the first open source blockchain based currency that was launched in the country of China.
Neo was formerly known as antshares and rebranded at the Microsoft Office in Beijing to become
NEO. They wanted to convey the definitions of newness, novelty and youth through the rebranding
process.

How does Neo Work?

Primary use case of the NEO cryptocurrency seems to be the fact that they are going to be utilized
as a new sort of digital identity system, this system can work for organizations as well as individuals.
The next aspect that NEO is bringing to the table is the creation or the conversion to digital assets.
They will be able to conduct these conversions through the concept of the smart contract. These
conversions are to be protected from a legal standpoint and is supposed to be trust oriented.
They’ve set up their smart contracts component to be able to bring in more developers as the
support a variety of languages for the creation of smart contracts.
The next aspect of the NEO platform is that of decentralized applications, the platform will be
supporting DAPPs. Allowing for the support of decentralized applications, smart contracts and
more, makes NEO a more encompassing platform.
NEO tokens acts as the investment token of the NEO platform, all NEO tokens were pre mined.
The other aspect is that one will not be able to cut it into various pieces, NEO will always have their
smallest unit of currency as one NEO.

Finally, we come to GAS

Which brings us to Gas, Gas was formerly known as antcoin.

Gas will serve as the material that will run the NEO platform and those who hold NEO will be
allocated GAS over time. It is important to note that Gas will be burned as the system progresses
and will have a hard cap of one hundred million and that GAS was never pre mined. GAS will be
utilized for resource allocations, network charges, maintenance and more.

Where To Buy Gas?

More Information & Resources

Gas (GAS) Live Price:

Recent cryptocurrency news

  • bitcoin atm machine stolennnn

Bitcoin ATM Thefts Are Becoming A Problem For Owners!

September 22nd, 2018|0 Comments

Since the first ever Bitcoin ATM opened it's digital doors in Vancouver, Canada back in 2013, the digital currency Bitcoin has increased significantly in both value and popularity. The price for 1 Bitcoin back in [...]

  • finding the best ico to invest in

5 Things You Must Consider Before Investing in an ICO

September 22nd, 2018|0 Comments

Altcoins or crypto-currencies are fast emerging as top investment options worldwide. The phenomenon is not restricted to investors in wealthy, developed countries. Instead, we have laypersons worldwide wanting to make a quick buck on a [...]

  • XRP Price up 114%

XRP Up Over 100% in The Past 3 Days, The Highest Price Since June! Anticipating XRapid

September 21st, 2018|0 Comments

The price of XRP has surged in the past few days. The rally began on 18th September after the news broke of Today, XRP briefly passed Ethereum on Coinmarketcap as the second ranking cryptocurrency in terms [...]

Coinbase Issue Statement over “Self Trading” Allegations

September 20th, 2018|0 Comments

One of the largest cryptocurrency exchange platform in the world, Coinbase, have rubbished claims that they have been engaging in in proprietary trading. In an official statement on 20th September, they have described the claims made [...]