Neo Price (NEO)

Neo, originally launched as Antshares in February 2014, is an open-source blockchain platform that aims to build a smart economy by integrating digital assets, digital identities, and smart contracts. Often compared to Ethereum for its similar functionalities, Neo strives to create a foundation for the next generation of the internet. The platform features two native tokens: NEO, which grants holders governance rights to vote on network improvements, and GAS, which is used to pay for transaction fees and network operations. Through initiatives like EcoBoost, Neo encourages the development of decentralized applications (DApps) and smart contracts on its blockchain.

Neo operates on a Delegated Byzantine Fault Tolerance (dBFT) consensus mechanism, designed to enhance network security and prevent malicious actors from participating in the blockchain's operation. This consensus algorithm was developed by Erik Zhang, one of Neo’s co-founders. The dBFT model enables efficient transaction processing and high scalability, making it suitable for large-scale applications. Continuous development efforts, such as the release of Neo 3.0, have focused on improving security, increasing transaction throughput, and enhancing the overall performance of the network to meet future demands.

Neo aims to serve as the infrastructure for a smart economy, supporting the development of decentralized applications, digital identities, and tokenized assets. The EcoBoost initiative incentivizes developers to build on the Neo platform, fostering a growing ecosystem of DApps and smart contracts. NEO tokens are used for governance, allowing holders to vote on protocol upgrades and network changes, while GAS tokens facilitate transactions and network operations. Neo’s architecture and focus on scalability make it suitable for a wide range of applications, from digital payment systems to identity verification and supply chain management.

Neo was launched in 2014 under the name Antshares, becoming China’s first public blockchain. In 2017, the platform rebranded to Neo to better reflect its mission of building a smart economy. The project was co-founded by Da Hongfei and Erik Zhang, who both serve as chairmen of the Neo Foundation, an organization dedicated to promoting blockchain adoption. Erik Zhang authored the Delegated Byzantine Fault Tolerance (dBFT) algorithm, which underpins Neo’s consensus mechanism, and has played a key role in developing Neo 3.0, the platform’s upgraded infrastructure designed to enhance security and performance.

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The current market cap of Neo is $380.93M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Neo is $196.85. This all-time high is highest price paid for Neo since it was launched.

Over the last 24 hours, the trading volume of Neo is $71.58M.

Assets that have a similar market cap to Neo include MultiversX, dogwifhat, eCash, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Neo is 71 million.