02/01/2025
BTC102,170.0
ETH3,298.23
XRP3.02
USDT0.999635
SOL228.75
BNB676.36
USDC1.0
DOGE0.328467
BUSD0.989627

Gas (GAS) Price

GAS
4,6
$4.69
Market cap
305,305,975.0
Total volume
7,965,787
Circulating supply
65,093,580
Total supply
65,093,580
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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