Blogs

NEO vs EOS – The Largest Crypto Rivalry

Published

6 years ago

July 2, 2018

Considering how young the crypto world is, it is not surprising that a lot of digital coins have started appearing, searching for their place in the world, and a chance to become great. Naturally, with so many of them coming at the same time, it is not unusual for rivalries to appear. That being said, not many cryptos have had such a rivalry as NEO and EOS.

NEO vs EOS

NEO and EOS have been two cryptos that were compared the most, except for maybe Bitcoin and Ethereum. The amount of interest that this rivalry has sparked continues to grow with each passing day, as more and more people learn about them, and wish to try and understand their potential.

NEO is a crypto that has been around for quite some time now, being originally launched under the name AntShares back in February 2014. As such, it had a lot of time to develop and to learn of its strengths and weaknesses. With a pretty capable team behind it, it corrected everything that it could in this time and has even decided to change its name. It re-appeared in June 2017 as NEO, which symbolized its return and the new beginning for this coin.

EOS, on the other hand, is a very new coin. Where NEO is over 4 years old now, EOS has less than six months behind it, with its ICO starting on June 26, 2017, and the coin being launched on January 31, 2018. Despite its young age, EOS has managed to make a lot of progress and has even launched its own blockchain only weeks ago. Granted, the blockchain has had a rough start, but the team fixed the issues almost as soon as they appeared. Other problems regarding this crypto appeared as well, but we should remember that this is not so unusual for such a new coin that is working hard to establish itself.

Comparing the coins

Both NEO and EOS claim to be decentralized coins, offering platforms capable of creating dApps and smart contracts. Their processing speeds are fast, and their transaction fees are so low that is basically non-existent. The similarities between the coins go on and on, and both coins are actually believed to have equally good chances of replacing Ethereum.

This is a truly remarkable feat for EOS which is such a young coin, especially considering how much of a headstart NEO has had. Still, crypto enthusiasts and experts which are constantly tracking the coins and comparing their progress have found that EOS is catching up to NEO on an alarming rate.

With NEO being 4 years old, it has had time to progress and advance at its own pace. EOS, however, is already where NEO has been a year ago, despite it being only 5 months old. The similarities between the two coins go on, and many believe that EOS will follow in NEO’s footsteps, which is something that the recent spikes seem to confirm.

Naturally, neither of the two cryptos is currently at their full potential, thanks to the bearish market. The same goes for any other coin out there. However, experts claim that these two cryptos are more than capable of surviving the events that will probably eliminate many other coins, and that their rivalry will continue. With EOS catching up to NEO, we can only speculate about what will happen when the two finally find themselves on the same level.

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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 Tom Simpson via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

3 years ago

January 25, 2021

chainwire

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. One of the ways to have a successful…

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

3 years ago

December 31, 2020

Paul Wilson

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…

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

3 years ago

December 24, 2020

chainwire

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…