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NEO vs EOS – The Rivalry Continues

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NEO vs EOS
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The concept of rivalry is old and can be found in all aspects of life and business. Despite the fact that cryptocurrencies are still considered to be a new technology, even they already have several rivalries within the market. The biggest one, of course, is the one of NEO vs EOS.

Although the two projects are pretty different from one another when you dig more deeply, these two are locked in a competition with the goal of replacing Ethereum. In time, the goal of killing off ETH has become as important to the coins’ communities as the development of the coins themselves.

EOS made a big step when it managed to surpass Litecoin on CoinMarketCap’s list of biggest coins. This has occurred months ago, and EOS managed to hold on to the fifth place despite the bear market of 2018.

NEO, on the other hand, is pretty similar to ETH itself in a lot of aspects. It came to be as AntShares, but it soon rebranded to a new form, which is NEO that we all know and love today. It became a platform with a focus on creating dApps, and it threatens to replace Ethereum in this regard. While Ethereum still remains the second largest coin, many have criticized its dApps, claiming that they lack in quality, even though their number is far superior to that of NEO or EOS.

Even so, ETH still holds the title and remains the top blockchain in the dApp development. However, this might not always be so, and many believe that it will eventually be surpassed by one of the two rivals.

NEO vs EOS: Who will kill off ETH first?

To see which project has the best chance of replacing ETH, we should first take a look at their performance. Ethereum, for example, performs very poorly, despite the fact that it is officially the second largest coin. Ever since it was launched, it was only ever capable of processing about 15 TPS. While it performs twice as good as Bitcoin, this is still a large scalability problem.

As a consequence, the coin’s fees have skyrocketed ever since.

On the other hand, there is EOS. Despite the fact that it started off as an ERC-20 token on Ethereum’s network, it is still capable of processing around 1000 TPS, courtesy of its MainNet. Then, there is NEO, that can achieve as much as 10,000 TPS, which is something that ETH cannot even dream of. This makes NEO the fastest alternative to ETH.

On the other hand, EOS has no transaction fees, which makes it better than both NEO and ETH in that regard.

The technology

Now that we are done with performance, it is time to take a look at their technology. One thing that makes these three platforms the same is their desire to dominate the development of dApps. Ethereum is often considered to be the one responsible for their popularity. Even so, for the longest time, ETH has been using PoW, which is responsible for its scalability issues.

There are plans for ETH to implement new technology, likely Zilliqua’s Sharding tech, and if it does, its scalability will likely improve.

NEO, on the other hand, uses a delegated Byzantine Fault Tolerant mechanism, which is basically an improved version of PoS. This is a much more practical solution, which is responsible for NEO being more scalable than ETH.

Finally, EOS uses the pure PoS, which allows it to be faster than ETH, but is still behind NEO. Once again, NEO wins the comparison.

The market situation

While NEO has proven to be superior in nearly every aspect so far, this is the area where it seriously loses to both ETH and EOS. Ethereum has been the second largest crypto for years now, surpassed only by Bitcoin. Close behind is EOS, at the 5th spot, which is the place it has held for a few months now, ever since it surpassed Litecoin. However, NEO is not even in the top 10 anymore.

Instead, the coin is barely balancing on the 14th spot at the moment. Although, it is nothing unusual to see it sink to the rank of 15 every now and then. Obviously, despite all its flaws, Ethereum still manages to hold on to its title and success. In the meanwhile, the NEO vs EOS rivalry continues, with both coins having their strengths and weaknesses, and both trying to be the one who will finally kill off Ethereum.

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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

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Encrypgen
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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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Tron
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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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