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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

Bitcoin

Importance of Bitcoin ETFs and Bakkt for the Crypto Space

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Bakkt
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It is no secret that 2018 was a very bad year for cryptocurrencies, at least when it comes to prices and market cap. However, in its brighter moments, this year managed to set the stage for some very important events that are expected to make 2019 very successful and profitable. Two things have attracted the most attention, both of which were expected to occur in 2018, only to be moved for early 2019. Those two are Bitcoin ETF decision by the US SEC, and the launch of Bakkt.

What are Bakkt and Bitcoin ETFs and why are they important?

Let’s start with Bakkt first. Bakkt Exchange is a business that is set to launch at the very beginning of 2019. It is a cryptocurrency platform that is set to offer a large number of services, including things such as warehousing and trading. However, there is another thing that makes Bakkt special, and that is the fact that the exchange itself is a product of the same company that has created the New York Stock Exchange.

In addition, Bakkt will be supported by some very influential names, such as Microsoft, BCG, and even Starbucks, to name a few. Furthermore, Bakkt will support crypto-to-fiat conversions. Starbucks will actually be one of the companies that have volunteered to help test the system, as users will be able to convert crypto to USD that can then be used in Starbucks.

Bakkt exchange…

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4 Best-Performing Cryptocurrencies in the Current Bear Market

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cryptocurrencies
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Cryptocurrencies have been experiencing a strong return of the bearish trend for weeks now, and only now does it show signs of weakening. However, experts believe that the situation will not repair itself so easily and that prices will remain low for a certain period.

However, when bear market strikes, the sentiment gets most bearish when the trend reaches the bottom. Everyone starts selling, and while short sellers can make a profit in this situation, analysts usually warn that the sale will only knock the prices down even further. Since most of the crypto-related news is already negative at this point, such predictions often make sense.

However, there is still one thing to keep in mind, which is the fact that when downtrend enters a capitulation, that often signals that a new bottom has been found. That is the perfect time to actually go against the bearish trend, and start buying. It is also a good opportunity to abandon the coins that seem too risky, and do not seem to have that bright of a future ahead of them.

Bitcoin has dropped by 87% from its all-time high, which it hit back in January. However, the rest of the market dropped with it, and it never lost its dominance, which still remains above 50% of the total market cap. In other words, while its price may have sunk to lows that were not seen for a while now, it…

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Will The Stock Market’s Bearish Outlook Affect The Cryptocurrency Market?

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cryptocurrency market
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About 3 months ago I was reviewing what was happening in other markets as the cryptocurrency market kept falling. So I opened up TradingView and what I saw was something so incredible I had to look a second time, I thought I had opened up the BTC/USD chart but it had not yet fallen. I was a bit confused, but I realized my TradingView opened to the DOW, at the time it was looking extremely euphoric and then upon a little more research I saw it was in the longest bull since its conception.  I instantly wanted to see does this just apply to the Dow Jones or does it also apply to the likes of the Russel, S&P500, Nasdaq, Vanguard and then I even looked at the housing market. What I saw I am honestly going to say baffled me, what was there before me was a perfect opportunity, I knew that soon the stock market would fall and started letting people know about hedging.

Last year for many was a huge learning experience and even if many lost money, they learned about financial markets for the first time and may have bought their first ever investments. This was a huge plus for many people who were labeled noobs or noob investors. Why you may ask? Well, the simple answer is that noobs tried investing for the…

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