Cryptocurrency Q&A
What is a GAS coin used for?
What is a GAS coin used for?
Giuseppe
Fri Feb 07 2025
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6
answers
1100
A GAS coin is primarily used as a means of payment for transaction fees and computational resources within the NEO blockchain platform. It ensures smooth operation of the network by incentivizing miners to validate transactions and secure the network.
6 answers
SumoPower
Sun Feb 09 2025
It serves as the medium through which transaction fees are paid on the NEO blockchain.
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KpopStarletShineBrightness
Sun Feb 09 2025
Additionally, GAS is essential for the deployment of smart contracts on the network.
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HanRiverVisionaryWave
Sun Feb 09 2025
A key distinction between NEO and GAS is their divisibility.
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TopazRider
Sun Feb 09 2025
NEO, being an indivisible asset, cannot be broken down into smaller fractions.
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isabella_oliver_musician
Sun Feb 09 2025
The CORE purpose of GAS is to function as a utility token within the NEO network.
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