Gas

Halal Rating :
Comfortable
Last Price $5.03 Last updated:
Rank 191
1D Change -1.14 %
Market Cap $327.09m
Circulating supply 64,992,331
Maximum supply None

Crypto Overview

Categories
  • Medium of Exchange
  • Payments
  • Smart Contracts

Gas is one of the two coins created by Neo Foundation. Gas is used as a processing fees for Neo coin. Neo hashing algorithm is Proof of Stake (PoS), where blocks processing power depends on the amount of tokens held by miners instead of the Proof of Work method which depends on the mining power that a miner has to create a new block. Neo holders is compensated with certain amount of Gas every month, is a similar concept to the ether gas and is used as a power for transaction (transaction). It is a coin that is paid as compensation of a concept of interest generated by PoS mining. At the beginning of the release, about one Neo was paid per day with 1000 Neo, but it has a design algorithm that is gradually decreasing over time, which is offset by the price increase. It is a coin that is closely related to Neo, walking along the path of the companion with the rise of Neo, and it forms a necessary relationship that the movement must be moving in a fluid manner.

Crypto Impact

To assign a comfort level investing in Gas from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Gas.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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Justification for our Halal Rating