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Ethereum, EOS or NEO – What’s the best DApp platform right now?

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Ethereum EOS NEO

There’s not a doubt that Ethereum has been dominating the DApp market for a decent period of time now, and this is something that is supported with stats as it is expected that the second largest cryptocurrency of the market, Ethereum is expected to power 2000 DApps by the end of the year.

However, we need to keep into account that more platforms are built every day to represent a competition for Ethereum, and the same way, to improve the deficiencies that still are present on the platform and that, in this case, leaves an opportunity for other cryptos.

This is a market that continues its growth as each day passes. In fact, this year alone around $14 billion dollars have been collected in 394 ICOs that have been deployed so far (half of them crashed right after four months of their take off), many of which have been constructed through Ethereum’s platform.

But even when a great amount of money has been collected, the value is still not that representational as when we take a closer look, there are not that many DApps out there being recognized and utilized by the masses.

Ethereum still needs to solve certain issues to keep DApp developers on its platform. For instance, scalability, the speed of transactions, and the integration of more common programming languages such as Java or C. In the meanwhile, other platforms rise as a likely option to migrate. NEO and EOS are two top among them.

NEO platform

One of the platforms that are out there and that may be a good option to migrate is NEO, a platform built under Ethereum’s protocols. The NEO platform resolves the matchability problem that Ethereum has when it comes to programming languages, having the option of building a DApp in languages such as C, C++, Java, and JavaScript.

Similarly, it offers an important diversification having two different assets, NEO GAS and NEO Shares, which function as the “fuel” of the blockchain and the governance channel respectively. Finally, when it comes to the Proof-of-Stake mechanism, NEO promotes a non-collaboration of their shareholders on speculation activities, which, of course, represent a great benefit for both the network and the users.

In contrast to this, one could say that NEO has a complex relationship with the Chinese government, and the same way, the costs of developing a DApp are considerably high, going around $6000 dollars.

EOS platform

In the very beginning, EOS started as an ICO built on the Ethereum protocols, which means the token was actually ERC-20 based. However, the platform recently became independent from Ethereum when it built and launched its own blockchain dubbed EOSIO, on June 10.

The platform offers a wide range of services, including cloud storage, and accounts, and additionally has a remarkable speed of transaction that allows the platform to manage a huge number of apps and smart contracts at once.

On the negative side, the platform has been strongly criticized because of the nature of the supply, which is mainly centralized, and the same way, because of the possibilities of the community to act under their ‘constitution’ and deploy unconstitutional decisions at a time.

In fact, Nick Szabo, a famous cryptographer and computer scientist, turned to Twitter and commented,

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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.

Image courtesy of Maxpixel.net

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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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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