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NEO vs. EOS: Who will kill Ethereum?

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NEO vs EOS
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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.

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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 Pxhere.com

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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