Neo which was previously known as AntShares is that type of platform which gives the feature of smart contacting and it is one of the very first of such kinds of projects based on blockchain. The source code of this project lies with the nation of China.
This project was invented in the year of 2015 in China. This is a kind of distributed and dissipated protocol which changes the real kinds of assets to the digital kinds as it ensures that the up keeping, trading, transferring, clearing, and the registration of the assets over the P-2-P networking is done in a good way.
The special target of this new project is to make up such kind of monetary system which shall combine original assets with the crypto analytic world. The smart contacting technique which is deployed in the new project helps in tracking the database of the digital setting it works in.
The platform of Neo comprises of two different kinds of tokens. These different tokens are Neo and Gas -which assert their controlling over the network of Neo crypto currency. The system of Neo controls hundred million of the new coins which have been created till date and are a completely integrated part of the Neo crypto currency ecosystem.
The total number of coins in the new crypto currency blockchain could never surpass the number of a one hundred million. Also this limit of 100 million can never be exceeded by anyway. The condition has been well laid up in the algorithm of the Neo block chain. One more alternative coin which is known by the name of Gas; it could be produced with the rate of 8 tokens per every newer blocked contained in the blockchain of Neo.
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