Connect with us

Blogs

NEO vs. EOS: Who will kill Ethereum?

Published

on

NEO vs EOS

It was 2009 when the mythical Satoshi Nakamoto launched Bitcoin, a system that aims to get rid of fiat currencies and the whole financial system. It would be easy to think that was too ambitious and he would be just either laughed at or ignored. He wasn’t. It was the opposite. Since 2009 lots of new cryptocurrency projects have emerged, all based on Satoshi’s original idea: the blockchain.

Ethereum follows Bitcoin as the most successful cryptocurrency in the world. But Ethereum did Bitcoin one better: its platform for smart contracts using the ECR-20 technology allows any entrepreneur to start his or her very own bitcoin using the Ethereum blockchain and network. Many important projects that are now autonomous begun as an ECR-20 based project. Tron, EOS, IOST, to name a few.

But other projects in the crypto verse are becoming stronger and could pose a challenge even for Ethereum. We’re talking about EOS and NEO here.

NEO was able to build some momentum earlier this year and then it went back a bit. EOS, on the other hand, has gone through the roof (with wild fluctuations as well) because it was able to release its Main Net finally and to announce their first significant partner.

Both coins have good things going for them and could challenge Ethereum’s reign. And this will be even more likely if Ethereum insists in not addressing the technological limitations it has. So how do both projects compare? Let’s see.

Neo

It’s based in China, and it has the Chinese government’s full support. This alone is a huge deal. NEO aims to help asset digitalization through digital identity technology. It’s also a complete decentralized application platform with a significant advantage: it can run apps written in C, C++, Java, and JavaScript.

While this could seem a bit technical, it also means that any regular computer programmer in the world can write apps or smart contracts using this platform while so many other platforms do require for programmers to learn a full new language.

Many other projects and applications are already running on NEO’s tech. Ontology is the best known, a platform that uses the blockchain to allow for fully customized smart contracts. But it’s not the only one. NEX, Zeepin, RedPulse, Moonlight, Switcheo, and Thekey are other well-known platforms that run on NEO.

In short: NEO is not the most talked about cryptocurrency in the West, but when you have China and Asia behind you, the West ignores you to its own cost.

EOS

EOS is the Block.one’s organization’s cryptocurrency. They recently brought their new Main Net live to become independent from Ethereum, and it’s grown into one of the investor’s darlings over the last couple of weeks.

Their new Main Net is called EOSIO, and it’s a very versatile blockchain platform that can support all kinds of services. Databases, accounts, hosting, authentication, cloud storage, you name it. EOSIO’s decentralized apps are so versatile that they can do anything a centralized server can do, only better. In fact, even before EOSIO went online, they already had already fished their first big fish in a world-class email service.

EOSIO can manage an immense number of transactions per second while charging ridiculous fees that come close to nill. It means they can handle so many decentralized apps and smart contracts at the same time, that they can dwarf most of their competition.

Also, the four billion dollars EOS did rise during its initial ICO (which lasted for a full year) has given them all the resources they need to develop their platform. And they’re still about to spend a full billion in developer programs to enhance the platform.

EOS vs. NEO: Which is the one?

While EOS has had the best year so far (except last seven days), NEO has a lot of potential to grow as well. EOS’s Main Net performance will be an essential factor for its future. Its success is tied to the way the new Main Net performs, and there’s been some concern about block producers failing to get a spot on the validators list.

EOS has been surging lately but also experiencing fluctuations just as significant. NEO has stayed quiet, it hasn’t grown all that much at all, but it is expected to, because of the Chinese’s government’s support.

So who is it?

EOS has better potential world-wide if the whole community stays together and keep the new Main Net going as it should be. But if it doesn’t, then NEO will be the one going after Ethereum and, just maybe, beating it. Neo looks like the best choice among the two for the short-term, though.

For the latest cryptocurrency news, join our Telegram!

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 Pxhere.com

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

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…

Continue Reading

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

on

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…

Continue Reading

Altcoins

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

Published

on

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…

Continue Reading

Press Release