NEO Gas is a token associated with the NEO blockchain platform. It is used for various purposes within the network, such as to fuel operations like deploying and running smart contracts, as well as for processing transactions and executing decentralized applications on the NEO platform.
One key aspect of NEO Gas is that it is a separate asset from the NEO cryptocurrency itself. While NEO is used for voting rights and network management, GAS is specifically used as a form of payment for utilizing the NEO blockchain.
Furthermore, Gas is generated through holding NEO in a compatible wallet, where it accumulates over time. This process is often referred to as “Gas generation” or “Gas generation reward.” Users can claim the Gas they have generated based on the amount of NEO they hold.
Overall, Gas plays a vital role in the NEO ecosystem by incentivizing users to hold NEO, contributing to the security and stability of the network, and serving as a medium of exchange within the platform.
