04/25/2025
BTC95,508.0
ETH1,808.61
USDT0.99976
XRP2.14
BNB607.87
SOL130.8
USDC0.9999
DOGE0.184566
BUSD0.99839

Gas (GAS) Price

GAS
4,6
$3.49
Market cap
227,056,403.0
Total volume
61,706,117
Circulating supply
65,093,580
Total supply
65,093,580
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Gas represents one of the duo of cryptocurrencies introduced by the Neo Foundation. It functions primarily as transaction fees for the Neo currency.

The underlying technology of Neo utilizes a Proof of Stake (PoS) hashing algorithm. This means the capability to process blocks is influenced by the quantity of tokens a miner possesses, as opposed to the Proof of Work scheme which relies on a miner's computational power to forge new blocks.

Individuals holding Neo are rewarded with a specific quantity of Gas monthly. This mechanism mirrors the concept of ether gas and serves as the fuel for transactions. Essentially, it is a form of currency granted as a reward, akin to interest earned through PoS mining.

Upon its inception, holders of Neo were entitled to approximately one Gas daily per 1,000 Neo. However, this is regulated by a designed algorithm that decreases incrementally over time, a process that is balanced by an appreciation in value.

Strongly intertwined with Neo, Gas thrives alongside its counterpart, ensuring a symbiotic progression essential for a smooth trajectory of growth and valuation.

Homepage: https://neo.org/
Twitter: neo_blockchain
Reddit: gas

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Converters GAS

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