NEO News

Founded in 2014 under the name of AntShares, the NEO blockchain got its present name after the 2017 rebranding. The mainnet was launched in October 2016, while the funds for the development of the project were raised through an Initial Coin Offering or ICO. The NEO news reports mention that the platform aims to lay the foundation of a strong global network of decentralized applications and interface by infusing the excellence of digital assets, digital identities, and smart contracts. It allows users to launch their own tokens while offering smart contract features and templates for the ICO launch. The blockchain supports two distinct virtual currencies- NEO coin and GAS token. The Neo coin news suggests that the currency is used for supporting the business transactions on the blockchain while the GAS tokens. The GAS token works as a transactional currency inside the network and the amount of GAS tokens owned by a person is directly proportional to his/her NEO coin holdings. The wide range of news on NEO highlights that the blockchain has high scalability handling up to 10,000 transactions per second. The NEO coin price news revealed that the highest Neo price was recorded on January 15, 2018, when its value reached USD 196.85. The lowest NEO coin price was witnessed at a value of USD 0.072287 on October 21, 2016. As per the NEO coin news today forecasts, the value of the coin will enjoy a whopping surge in 2020.