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NEO vs EOS – The Rivalry Continues

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NEO vs EOS

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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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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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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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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