What Is Neo? Ethereum introduced the world to the idea of Smart Contracts, which are blocks of code that are executed on the blockchain in a distributed manner. Smart Contracts are run on every Ethereum node and the results verified by the network, which makes it possible to execute code in a distributed and trustless manner. Anyone can join the Ethereum network and run a node, and participate in the validation of the Smart Contracts that get executed. NEO, like Ethereum, is a Smart Contract blockchain and platform, but it differs in goals and direction. NEO is more centralized than Ethereum in that it’s much harder to become a “Consensus” NEO node, which are the nodes that execute transactions and are able to collect fees. NEO brands itself as a “Smart Economy Ecosystem”, and like a true ecosystem, it’s important to understand how each of the parts fit together, and make the whole greater than just the sum of its parts. NEO vs GAS There are actually two types of t