Difference between NEO and GAS

[traderperspective]

What is the difference between NEO and GAS? I get to the same website from both of their coinmarketcap page, but they are valued differently and moves also a bit different.

[crazy-joe]

What is the difference between NEO and GAS? I get to the same website from both of their coinmarketcap page, but they are valued differently and moves also a bit different.

you can generate GAS with your NEOs.

[dillo666]

Neo is the shares token and Gas is the Fuel token.

[Poink]

NEO (coin) is the platform (like ETH, WAVES, etc.)

GAS is a token (like RPX) built on NEO

[coingrow]

NEO is a blockchain similar to bitcoin blockchain or etherium blockchain for instance. GAS on the other hand is the token that is used for transactions. Without GAS you will not be able to send your tokens for one wallet to another.

[KryptoKai]

You can earn free GAS tokens just by holding NEO coins. If you don't have a wallet you can leave it on the binance exchange (at own risk) and they will allocate the free gas to you.

[crazy-joe]

You can earn free GAS tokens just by holding NEO coins. If you don't have a wallet you can leave it on the binance exchange (at own risk) and they will allocate the free gas to you.

it's the only exchange that does it?

[Poink]

You can earn free GAS tokens just by holding NEO coins. If you don't have a wallet you can leave it on the binance exchange (at own risk) and they will allocate the free gas to you.

it's the only exchange that does it?

Kucoin does too.  https://www.kucoin.com/#/signup?r=E3ITtU

[carlisle1]

You can earn free GAS tokens just by holding NEO coins. If you don't have a wallet you can leave it on the binance exchange (at own risk) and they will allocate the free gas to you.

it's the only exchange that does it?

Kucoin does too.  https://www.kucoin.com/#/signup?r=E3ITtU

good thing that those exchange allowed us to earned gas just by holding neo and that's also part of this good investment coming out from the platform
as time goes both have already gain value and its still rising as noe has been used by some tokens and if more will use it more gas will be rewarded.

[mmo_online_1981]

you can generate GAS with your NEOs and NEO can not sent with number after the comma (eg 3 NEO can be sent but 3.1 NEO can not be sent)

[ticterine]

NEO is like a share of a company. If you have NEO, you have voting rights for changes on the network.

GAS is the dividend it pays and also the fee used for most of the actions on the network.

[crazy-joe]

NEO is like a share of a company. If you have NEO, you have voting rights for changes on the network.

GAS is the dividend it pays and also the fee used for most of the actions on the network.

you don't need gas to send NEOs.
How do you vote btw?

[kaizer28]

NEO works on a Proof of Stake algorithm called delegated Byzantine Fault Tolerance, or dBFT. This means that the cost in this case is a stake, instead of electricity to run your computer. Those who want to gain more coins, place a “bet" and if they approve only fair transactions, they win, otherwise, you guessed it, they lose their bet. GAS is also needed for blockchain operations, jus like ETH does. So in fact, GAS is the coin that powers NEO the platform. NEO the coin is just a share. That is the major difference between the coins: BTC is just digital cash, whereas NEO generates you GAS which can be transacted and gives voting rights, just like a share does in a company.

[crazy-joe]

NEO works on a Proof of Stake algorithm called delegated Byzantine Fault Tolerance, or dBFT. This means that the cost in this case is a stake, instead of electricity to run your computer. Those who want to gain more coins, place a “bet" and if they approve only fair transactions, they win, otherwise, you guessed it, they lose their bet. GAS is also needed for blockchain operations, jus like ETH does. So in fact, GAS is the coin that powers NEO the platform. NEO the coin is just a share. That is the major difference between the coins: BTC is just digital cash, whereas NEO generates you GAS which can be transacted and gives voting rights, just like a share does in a company.

how can you bet?  

[Sanglotslongs2]

GAS like it's name, is a fuel for the NEO network. So it's a ressource to fuel your transaction. It's just a metaphor to have a fatest understanding on what is going on (like Ethereum).

[crazy-joe]

NEO works on a Proof of Stake algorithm called delegated Byzantine Fault Tolerance, or dBFT. This means that the cost in this case is a stake, instead of electricity to run your computer. Those who want to gain more coins, place a “bet" and if they approve only fair transactions, they win, otherwise, you guessed it, they lose their bet. GAS is also needed for blockchain operations, jus like ETH does. So in fact, GAS is the coin that powers NEO the platform. NEO the coin is just a share. That is the major difference between the coins: BTC is just digital cash, whereas NEO generates you GAS which can be transacted and gives voting rights, just like a share does in a company.

could you explain how you bet please?

[sky2moon]

Some people say gas are the incentive of holding neo. Mean that if you got Neo in your wallet, so you will get the Gas for free. Something like you saving money at bank, and bank give you some interest.

[JayLiaster]

Yeah with neo you can generate gas.

Neo and gas will give us a great satisfaction in 2018!!!!

[crazy-joe]

Yeah with neo you can generate gas.

Neo and gas will give us a great satisfaction in 2018!!!!

The end of 2017 wasn't very good

[GrannyC]

What is the difference between NEO and GAS? I get to the same website from both of their coinmarketcap page, but they are valued differently and moves also a bit different.

They both come from an old project that had "shares" called "Antshares". Now NEO is a share that you can stake or hodl and that gives you GAS which is the coin to pay for fees.