Homepage:
https://neo.org/
Twitter: neo_blockchain
Reddit: gas
Gas (GAS) Price
GAS
$5.78
Market cap
376,881,660.0
Total volume
17,823,952
Circulating supply
65,093,580
Total supply
65,093,580
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.
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