About GasEncyclopedia overview
The unit of computational work on Ethereum-style chains. Every opcode costs gas, paid in the network fee token.
Read the detailed Gas article and its sources →
Gas is one of the two coins created by Neo Foundation. Gas is used as a processing fees for Neo coin.
Neo hashing algorithm is Proof of Stake (PoS), where blocks processing power depends on the amount of tokens held by miners instead of the Proof of Work method which depends on the mining power that a miner has to create a new block.
Neo holders is compensated with certain amount of Gas every month, is a similar concept to the ether gas and is used as a power for transaction (transaction). It is a coin that is paid as compensation of a concept of interest generated by PoS mining.
At the beginning of the release, about one Neo was paid per day with 1000 Neo, but it has a design algorithm that is gradually decreasing over time, which is offset by the price increase.
It is a coin that is closely related to Neo, walking along the path of the companion with the rise of Neo, and it forms a necessary relationship that the movement must be moving in a fluid manner.
Key statistics coingecko · 15m ago
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Sources & provenance
- Project website (provider-listed) ↗ neo.org
- Source code ↗ github.com
- CoinGecko linked asset record ↗ coingecko.com
- CoinMarketCap source record (JSON) ↗ api.coinmarketcap.com
These are linked catalog records and provider-listed project resources. A listing does not independently verify a project’s claims.
