NEO Cryptocurrency Review – same basic performance as Ethereum

NEO Cryptocurrency Review – same basic performance as Ethereum

Though it shares the exact same basic performance as Ethereum, there are a few important differences between NEO and Ethereum projects.

The first time, while Ethereum needs programmers to code in its own Programming language (Solidity), developers who’d like to compose a dApp to NEO’s network may do this in various languages that they might already know, including C#, VB.Net, F#, Java, Python, Ruby, and Kotlin. This makes getting started having a NEO job much easier for first-time blockchain developers coming from different platforms.

Second, rather than working with a power-hungry proof-of-work consensus algorithm such as Bitcoin or even Ethereum, NEO uses a proof-of-stake system with delegated Byzantine Fault Tolerance (dBFT). That means — to significantly oversimplify — is that consensus is achieved when 66% or more of the nodes on the NEO system affirm a transaction.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

NEO is a China-based job that is being developed by a company called OnChain. The project is directed from Da Hongfei, and also the OnChain group has worked with several high-profile tech firms such as Alibaba along with Microsoft. The NEO project especially has also worked with Microsoft China on some joint events.

Having established itself as China’s leading clever contracts platform, NEO’s future looks bright. The market has already seen massive growth over the past calendar year, but with fewer circulating coins than Ethereum along with a far lower market price, the sky’s the limit for NEO if it really demonstrates to be the “Ethereum killer” it’s sometimes billed as, or maybe only manages to stake a claim to a substantial share of the planet’s smart contracts marketplace.

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