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Cardano (ADA) vs NEO (NEO) – Which One has a Brighter Future?

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Cardano

Deciding which coin is more worthy of your attention is not an easy job, and it requires a lot of research in order to make the right decision. Making a wrong move would mean losing money, which is not an option for any crypto investor. When it comes to Cardano (ADA) and NEO, making the decision gets even more difficult since both coins have their strong sides. The ultimate coin does not exist as of yet, which means that those willing to invest in cryptos simply have to make due with what is on the table.

So, let’s take a look at Cardano and NEO, and try to determine what can each of these coins offer, so that you can decide for yourself which one is worthy of your time.

NEO vs Cardano

About NEO

We will start by taking a look at NEO first. Originally, it was called Antshares, and it was launched in 2014, in China. Because of the way it was built, it was called Ethereum of China, since it tries to provide its users with a specific set of functionalities. It has not received much attention in the West until recently, and many people have barely even heard of it. However, NEO is pretty big in the East.

As mentioned, it is pretty similar to Ethereum, and its goal is to digitize the economic system on the global level. It plans to do so by providing a strongly-decentralized infrastructure for pushing smart contracts, which is also explained in its whitepaper.

Now, smart contracts have been around for a while now, and Ethereum’s platform has mostly been seen as their strongest proponent. Basically, they are a piece of code which has a purpose to determine if a transaction is legitimate, and whether or not it should be completed.

Its founders are core developer Zhang Zhengwen and Da Hongfei, but it is also backed by OnChain, which is a firm set up by its founders in order to make sure that everything will work as it should. The founders are, to this day, very supportive of NEO, and are often visiting various meetups, events, and alike.

So, what is it that makes NEO so great? Well, not its technology or features that it can offer. To clarify – we are not saying that any of it is bad or that it doesn’t work. However, the fact is that NEO simply doesn’t have anything revolutionary. Its biggest strength is the fact that is accepted by China, which has become infamous as a country where cryptos don’t receive much love. NEO has managed to grow in a country like that, which is almost a unique feature these days, and that is where its main power lies.

About Cardano (ADA)

Now, let’s take a look at Cardano. It started its operations back in 2015, almost at the very end of the year. This timing, as well as its technology, are making it fall under the third wave of cryptos. Its developers have decided to make a crypto that will use the knowledge of its predecessors, which is why ADA is a mix of various design principles. Their goal was to make a crypto that will be capable to overcome regular obstacles that have still turned out to be lethal to many currencies. Eventually, their goal for ADA was to make it strong enough to rival even BTC itself.

It was developed by Ethereum’s co-founder and ex-CEO, Charles Hoskinson, and its main goal is to provide smart contracts that would rely on its own ADA coins. For a long time, this coin has been concentrating on developing and improving its own technology, so that its services would become flawless. Its team is yet another of ADA’s advantages since it is made up of academics, professors, and other kinds of professionals who really know what they are doing. This is one of the most important parts of the crypto since its future cannot exist without the right people backing it up.

And, while we are talking about Cardano supporters, there are several of them, but three major organizations are among the strongest ones. Those are The Cardano foundation, IOHK, and Emurgo. Each of them has contributed to this coin in its own way. The Cardano Foundation has promoted it and help create its community, as well as teach the members about cryptos. IOHK is responsible for ADA’s technology, while Emurgo is the entity responsible for the integration of Cardano’s platform into various businesses.

So, what is it that makes Cardano special?

Right now, the answer is – its protocols and features. Cardano has some pretty unique aspects, which include Proof-of-Stake protocol. layered tech, the use of two wallets, coding language, governance model, and alike.

Even with all of this, Cardano has yet to develop, and it has a lot of potentials to become even stronger, bigger, and more powerful than it is right now. Its team knows what it is doing, its community is thriving, and more and more people are beginning to see its potential.

Which one is better?

It is hard to answer this question since both of these cryptos have their own strengths and weaknesses. They both seem to compete with Ethereum to some extent, but neither of them is good enough to surpass it at this point. In the future – perhaps, but not right now. In the end, nobody can know what will happen in a few years, and which of these coins will come up on top.

The only thing that we can be certain of is that they are not wasting their potential, and both of them are doing as best as they can to develop their strengths and provide the best service. Everything else is up to the investors and their own preference.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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