NEO
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NEO: The Evolution from "China's Ethereum" to Neo N3
NEO (formerly Antshares) is an open-source Layer 1 blockchain platform designed to build a "smart economy" that integrates digital assets, digital identity, and smart contracts. It is often referred to as "China's Ethereum" due to its developer-friendly multi-language support and significant early influence in the Chinese market. NEO employs a unique dual-token model (governance token NEO and utility token GAS) and a delegated Byzantine Fault Tolerance (dBFT) consensus mechanism. Its largest network upgrade, Neo N3, went live in 2021, while the old Neo Legacy network was shut down in 2025, requiring users to migrate assets. The project continues to evolve, with recent plans including the Neo 4 Evolution upgrade and foundation governance reforms.
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NEO: The Evolution from "China's Ethereum" to Neo N3
NEO (formerly Antshares) is an open-source Layer 1 blockchain platform designed to build a "smart economy" that integrates digital assets, digital identity, and smart contracts. It is often referred to as "China's Ethereum" due to its developer-friendly multi-language support and significant early influence in the Chinese market. NEO employs a unique dual-token model (governance token NEO and utility token GAS) and a delegated Byzantine Fault Tolerance (dBFT) consensus mechanism. Its largest network upgrade, Neo N3, went live in 2021, while the old Neo Legacy network was shut down in 2025, requiring users to migrate assets. The project continues to evolve, with recent plans including the Neo 4 Evolution upgrade and foundation governance reforms.
NEO
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