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EOS vs NEO – Which One will Replace Ethereum?

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Ethereum

Ever since Bitcoin first came to be, back in 2009, the future of online payments has started to change, and it pretty much never stopped. Now, nearly a decade later, there are over 1800 cryptos, waiting for their chance to shine. One of the biggest cryptos, Ethereum (ETH), which is second only to Bitcoin, seems like it might soon be replaced, and the most important question right now is – by whom?

It has been almost a decade since Bitcoin first appeared and brought change to the online world. It presented a new way of transferring funds, making payments, and it hinted at the possibility of the world without fiat currencies. Due to its imperfections, and the majority of possibilities that this new concept has brought up, other cryptos first started to emerge.

Ethereum was dubbed the first crypto of the second wave of digital currencies. It is still the second most successful crypto in the world, and it managed to achieve this status thanks to an improvement that Bitcoin’s blockchain did not offer – the possibility of smart contracts and the use of ERC-20 tokens. Thanks to these innovations, Ethereum allowed pretty much anyone to develop their own coin by using its own network and blockchain. That is how some major cryptos that we know today (EOS, TRX, IOST) originally came to be.

As time went by, new coins started appearing, each with their own improvements on Ethereum, as well as Bitcoin, which is what brings us to where we are now. Since Ethereum managed to improve on Bitcoin and replace it in some ways, it is expected that the same will soon happen to ETH as well. So far, the most likely candidates to do this are NEO and EOS.

Both coins have seen a lot of success recently, and EOS even managed to launch its MainNet, only days ago. Still, if Ethereum doesn’t start improving, and soon, it will be replaced. The only thing left to be determined is which of these coins will be the first to do it?

NEO

NEO is a cryptocurrency that comes from China, and it has the full support of both, this country, and its government. Naturally, this means a lot and allows it to have quite a force to rely on. Its goal is to help in the digitalization of assets, and it does that by using digital identity tech. Its platform is completely decentralized, and it can run various apps, no matter if they are written in Java, JavaScript, C, or C++.

Thanks to this fact, NEO has become incredibly practical, since pretty much any computer programmer in the world can use it for writing dApps. It is much easier to do it this way than to expect the users to learn an entirely new language.

So far, NEO has been a host to some pretty large apps and projects. One of them, Ontology, is actually pretty well-known, and it represents a platform that allows the creation of smart contracts that are completely customized. The platform does this via NEO’s very own blockchain, and it is only one of many. Some other names that many might recognize include Zeepin, Switcheo, Thekey, NEX, Moonlight, and RedPulse. Whether the western part of the world wants to admit it or not, NEO is still one of the strongest cryptos around today.

EOS

Next, we have EOS. This is the creation and possession of the organization known as Block.one. EOS has been growing lately, mostly because of the promise of a soon launch of its MainNet. The launch happened several days ago now, and it started well until it reached its first glitch. Still, the team handled it quickly and efficiently, and the network is currently working as it should once again.

The MainNet’s name is EOSIO, and it is basically a blockchain-based platform that allows for many different kinds of services. Those include cloud storage, accounts, databases, hosting, even authentication, and more. Its dApps have a pretty good reputation as well, and many claim that they can do anything that can be done via a centralized server, and even exceed the quality.

Thanks to EOSIO, this crypto now offers a huge number of transactions per every second, and the best part is that the fees are so low that they basically don’t even exist. This has placed EOS far above most of its competition.

Which one will replace ETH?

Both of these cryptos have a lot of potentials, and they both definitely have a good chance to replace ETH. On the one hand, EOS seems to have taken a lead, and it currently has the best year that it had since it was created. That, however, doesn’t mean that NEO is out of the race, and a lot is expected to come from this crypto too. And, let’s not forget that this is a crypto that entire China is backing up, which is a lot of support.

If its community remains strong through the trials that the MainNet launch is putting it through, EOS will probably go worldwide in the near future. If something happens and EOS loses its focus, it could easily be left behind by NEO. There is no current answer regarding which crypto will replace ETH, but a lot of experts believe that it will probably be one of these two.

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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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