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Why NEO is one of the best performing coins

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NEO
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NEO is one of the top performing coins on crypto charts and for good reason. It bears a lot of similarities to the ethereum blockchain but has sought ways to set its model apart. This cryptocurrency uses a smart economy approach to implement its distributed network concept. Its main objective is to digitize assets using its innovative amalgam of blockchain technology and digital identity.

Asset Digitization and Identity on the NEO platform

It essentially creates a novel way for asset registration, issuance, and circulation. This means that tangible assets like real estate, company shares or even fiat money can be digitized and traded on the NEO network, thus giving rise to a whole new economy.

Its digital identity system allows for integration between the platform and the real world economy. It has custom digital identity standards that enable the creation of electronic identity data for individuals, organizations and even entities. These electronic systems use multi-layered authentication models that include facial and voice recognition as well as fingerprints.

All digital assets on the platform enjoy legal protection thanks to the use of digital certificates on its public blockchain. This, in turn, guarantees trust as the system offers an indelible and unalterable record of all entities’ holdings.

An Eco-friendly Consensus Model

A particularly striking difference between NEO and ethereum as well as other cryptocurrencies is its custom consensus algorithm, the delegated Byzantine Fault Tolerant mechanism (dBFT). This algorithm is a lot more energy-efficient than Proof-of-Work consensus algorithms. It offers an ecologically-sound solution for eco-conscious crypto users and also reduces operational costs significantly.

dBFT uses a custom bookkeeping method to facilitate consensus on network nodes. This system uses what is referred to as delegated voting, requiring two-thirds of the nodes to agree for a transaction to be approved. This means that transactions take a shorter time to process, offering increased user convenience.

Lightweight Architecture

In addition to this, the system makes use of NeoVM, NEO’s Universal Lightweight Virtual Machine to offer high scalability, certainty, and concurrency for the smart contracts on its blockchain. This unique aspect of its architecture makes it capable of handling up to 10,000 transactions per second. This number far surpasses the capacity of most of the top crypto networks making it a practical transactional platform.

The model also incorporates concurrency and sharding by default into its computational structure and this contributes significantly to its scalability.

NEO Smart Contracts

Just like ethereum, NEO has smart contract functionality but it offers a revolutionary approach to this concept as well. On this platform, developers do not need to learn a new programing language in order to code contracts. Its versatility allows for the use of all mainstream languages making it a popular choice for developers.

This flexible blockchain model also offers a way for the system to be deployed and to operate effectively across disparate blockchains. It thus positions itself strategically as a public cloud and an industry leader in the blockchain platform sphere. It is for these reasons that NEO currently boasts a market capitalization of more than $8 million and a token value of more than $120 in spite of being less than two years old in the industry.

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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.

Image courtesy of Chris Goldberg via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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