Technology and Features of NEO Coin - dbFT and GAS
While bitcoin and ethereum work on the basis of “Proof of Work”, NEO works on the guidelines of Delegated Byzantine Fault Tolerance ( dbFT ). This technology offers quick verification of the transactions relies on one blockchain, zero risks about the leaking of the blockchain transactions, the safety of forks and lessens the risk of any illegal actions.
If you want to know more about the concept of GAS and dbFT just go through the whitepaper. In simple words, the information about the token or coin holder of NEO is that if you possess the token of NEO, then it will generate GAS.
GAS is incepted from every novice block, and the initial amount of the GAS is only zero. As there will be an increment in the generation of the new blocks the total number of the token, 100 million of GAS will be created in 22 years of time.
The interval calculated between each block will be around 20 seconds, so two million blocks will be generated almost in one year.
Two million blocks will be generated every year and eight GAS each block will be its elementary generation. One GAS from each block will be reduced each year annually to maintain the parity of passing for each two million blocks.
If you desire to get GAS, then you have to keep your NEO token in your wallet instead on the exchange panel. You can also put your NEO blocks on the website wallets which are available free of cost for holding these, such as Desktop and Mobile.