NEO is a blockchain platform and cryptocurrency that aims to create a smart economy by digitizing assets, automating the management of digital assets through smart contracts, and enabling decentralized applications to be built on its platform. It was founded in 2014 and is often referred to as the “Chinese Ethereum” due to its similarities to the Ethereum platform. NEO uses a consensus mechanism called Delegated Byzantine Fault Tolerance (dBFT) and has a maximum supply of 100 million tokens. It has gained popularity for its focus on regulatory compliance and scalability in the blockchain space.