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EOS vs NEO – Which One will Replace Ethereum?

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Ethereum
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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

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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