How does NEO handle small transactions?
cryptocurrency·@goddchen·
0.000 HBDHow does NEO handle small transactions?
This is a question that has bothered me for quite some time now. # Szenario Currently 1 NEO has a value of ~ $100. As you might already know, one can only transfer whole NEOs (1, 2, 3, **not** 0.1 or 0.5). That makes me think that when I want to transfer *anything* on the NEO blockchain, it has to have a value of at least $100... Transfering anything with less value doesn't make sense, since the smallest amount that one can transfer is $100. # Problem So the problem is this: imagine the NEO price rises 10x. It would have a value of $1000. And the smallest unit that one would be able to transfer on the NEO blockchain would be $1000. Also, If you would like to transfer something with a value of $1300, you would need to transfer $2000 since you can only transfer whole NEOs. # Possible answers I have already postet this question to the [NEO subreddit](https://www.reddit.com/r/NEO/comments/7wgxt7/how_does_neo_handle_small_transactions/) - no answer so far :/ ## Possibilty #1 One person on a telegram chat told me that it will be unlikely that people will *buy* stuff on the NEO blockchain directly. I you *buy* stuff, you would use the GAS token (on the NEO blockchain). Gas can be tranferred in small pieces. ## Possibility #2 The NEO token will only be used to create smart contracts and actual *payments* will be done in other tokens. ## Possibility #3 I don't have another explanation to this. Also none of the people in telegram chats could really give a good answer. So I'm hoping to find some good ideas/answers in the comments!