Formerly named Antshares (ANS), Neo was first proposed in 2014, by Da HongFei and Erik Zhang. Its mainnet launch was in 2016, followed by the rebranding in 2017. It is predominantly a framework for building and deploying decentralized applications built with the vision of supporting ‘Smart Economies’ globally. NeoVM, dBFT2.0, NeoID, and NeoFS are some technologies based on Neo apart from the platform’s innovative smart contracts, voting mechanism, dual-coin architecture, and oracle functionalities. GAS is the network’s fungible asset, usable for transactions and collateralized by NEO, which is a non-fractional token. It is divisible up to 0.00000001 units and has a maximum supply of 100 million, predefined to come into circulation over approximately 22 years.
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