NEO is a sensible contract platform, just like Ethereum, that was created by a staff of builders in China and was previously often known as Antshares. It was designed to make the most of “blockchain know-how to digitize belongings utilizing sensible contracts and customary programming language”. The platform was created by Da Hongfei and Erik Zhang. It has the power to course of 10,000 transactions per second. It allows two sorts of tokens: NEO and GAS. NEO isn’t a forex or asset, however a proxy for voting rights inside the blockchain governance system. GAS is an operational token for use for transactions and sensible contracts.