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Neo is a software network that seeks to serve as a platform on top of which anyone can transact and create decentralized products and services. the Neo network also offers a host of other features to its users, including a decentralized file storage system, an identity system, and an oracle system for feeding external information to it.

Neo uses a unique governance system called Delegated Byzantine Fault Tolerant (dBFT) as its consensus mechanism for the computers that run its software. Central to running operations on its blockchain are two native cryptocurrencies, NEO, for voting on protocol changes, and GAS, used to pay for computation on the network


Deep Dive into Blockchain 2020