Gas GAS

GAS is the equivalent of ETH on the NEO platform. It is the native currency used to pay for transactions and interact with contracts on the NEO network. GAS is divisible and can be generated through voting or holding NEO. It has a fixed generation rate per block, but the individual rewards decrease as more people participate. The total amount of GAS minted can be found on the NEO network.

Gas is unique compared to other cryptocurrencies because it serves as the native currency of the NEO platform. It is used for various purposes within the NEO ecosystem, including executing smart contracts, making transactions, and interacting with decentralized applications (dapps) built on the NEO network.

One key aspect that sets Gas apart is its divisibility, which allows for more flexibility in its usage. Additionally, Gas has the potential to become the common currency for all NEP5 token-based dapps and even ERC20 token-based dapps in the future, making it more liquid and eliminating the need to hold multiple tokens in a wallet.

Furthermore, Gas has been receiving investments from the Chinese government and other enterprises, leading to optimistic forecasts of its price rising exponentially in the coming years. This potential for growth and its utility within the NEO ecosystem make Gas an intriguing investment option for traders and investors.