In general terms, NEO is a token with blockchain technology, which was developed and launched to the public in 2014, and which offers a decentralized network through intelligent contracts. These contracts are nothing other than codes that computers use to transfer currencies from one site to another, although with a small peculiarity: for the transfer to take place, there is no need for the network to confirm it, unlike of how it happens with Bitcoin.
The team behind NEO developed its open-source, non-profit block chain -GitHub, available immediately. Its motto is: «Smart Economy», because it uses smart contracts to manage the connection between users and digital assets.
The algorithm used to carry out these contracts is called Delegated Bizantine Fault Tolerance - or DBFT, for its acronym in English -. This uses the GAS currency as an incentive for each NEO block; in fact, each new block generated distributes 8 GAS, and it becomes, therefore, a token in its own right.
For more information visit website through #MonedaNEO.
The team behind NEO developed its open-source, non-profit block chain -GitHub, available immediately. Its motto is: «Smart Economy», because it uses smart contracts to manage the connection between users and digital assets.
The algorithm used to carry out these contracts is called Delegated Bizantine Fault Tolerance - or DBFT, for its acronym in English -. This uses the GAS currency as an incentive for each NEO block; in fact, each new block generated distributes 8 GAS, and it becomes, therefore, a token in its own right.
For more information visit website through #MonedaNEO.
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