Who created GAS?
GAS owes its existence to the partnership of Da Hongfei and Erik Zhang. NEO got its name in 2017 when it was launched after the rebranding of AntShares.
Zhang and Hingfei also co-founded the financial services company known as Onchain, and their quest is to provide blockchain platforms, insights, and solutions that can be used by government, corporate bodies, and stakeholders around the world.
The founders operate out of Shanghai, and they have surged above the fray amid turbulent regulatory oversight by the Chinese government. By adopting a consultative approach to their dealings, they appeared to have gained the confidence of the Chinese government.
What are the pros and cons of GAS?
GAS like a few other cryptocurrencies regularly distribute dividends to holders. This is an attractive selling point that cannot be ignored. Beyond this, NEO certainly is highly regarded in the global cryptocurrency market. As long as NEO blockchain stays in business, GAS will be there to power its operations.
NEO blockchain, with its smart contract functionality is gaining traction by the day. More dApps are finding their way to this platform, and this means higher usage capacity, which earns more transaction fees. This is helpful to the increasing popularity of GAS.
GAS is however not fractionally distributed like bitcoin where you can get 0.0002 or less. Gas is limited to whole numbers, and the least unit anyone can hold is 1.
The operations of the parent ecosystem, NEO is tied to China, and this can be a source of concern to some investors.
The future of GAS
As the alter ego of a domineering blockchain operator in an economy with more than 1 billion active users in the Asian market alone, GAS can be described as promising.
With the plaudits that NEO has gained since its inception, it is safe to expect that its fortunes and that of GAS can only get better. Blockchains are making inroads into almost every facet of daily life, and for an ecosystem that is smart-contract compliant, only the upside looks tenable.
For investors, the motivation to hold GAS is the recurrent distribution of gains to all holders and this is enviable. As long as users flock to the ecosystem, transaction fees will be generated, and the incentive to hold GAS will persist. In the volatile world of cryptocurrencies, GAS is among the few projects that seems to have an assured future.