Post
Topic
Board Announcements (Altcoins)
Re: | NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug10
by
onionpealer
on 21/12/2017, 17:07:03 UTC
i have a questions
i bought some NEO but then i transfer it, it takes 0 Gas and my NEO received completely

what is the value of Gas if its not used in the blockchain. \
someone is saying in twitter that Gas is just like mining fees not the Main currency for NEO is that true ?

Don't know if this explains it well, but here it is anyway.

GAS dividends also accumulate as fees to the network. Users pay in GAS to deploy and run smart contracts. Fees are proportional to the computing resources consumed by the contract. These fees are distributed to ‘bookkeepers’ as reward for their activity on the network.

https://hackernoon.com/what-is-neo-and-what-is-gas-5b9828a1aa65