Learn how to register your crypto project, fix bugs and troubleshoot exchanges with confidence.
Blockchains are not just for finance. As the distributed ledger technology matures, more companies will be looking for a way to control their data without the need of intermediaries. This creates an opportunity for teams without coding experience of crypto marketing to take advantage of the benefits that this technology has to offer.
Register Your Project
The first step on the path to becoming a blockchain project is figuring out which coin your project will be based on. It’s important to decide which crypto project you will use. Some of the options are Ethereum, EOS, NEO and Cardano.
How to Choose the Best Cryptocurrency
There is no shortage of cryptocurrencies trying to prove their value alongside the blockchain technology. For example, there are more than 1,400 independent cryptocurrencies that are listed on CoinMarketCap.com . The problem with these many options is, at a glance, it can be difficult to pick out any potential winners from an ocean of others that feel equally as promising.
There are no guarantees when it comes to picking the right cryptocurrency, but there is a way to increase your chances of picking the right one.
From now on, you should ask yourself two questions before you decide which coin is right for your project. The first question you must answer is: How important is it that my project has a stable value? If you are creating a business that features frequent payments to employees or customers, then you want to pick the currency with the lowest volatility. For example, using Bitcoin (BTC) for these payments would be impractical because prices fluctuate so often. It’s much safer to use Bitcoin Cash (BCH) or Ethereum (ETH). News approved site is here.
The second question that you need to ask yourself is: How difficult is it for my users to understand how my project works? If your project is going to be used by a lot of people, it would be best to choose a cryptocurrency that has a simple interface. For instance, a platform like Ethereum provides an easier way for new users to manage and handle their money.
This hypothetical scenario perfectly explains why EOS and NEO are both good choices for anyone hoping to develop a blockchain project. Both of these options have low volatility, and they also offer some of the more simplified platforms available.
What’s more, both of these options are built on specific goals. EOS was designed to be a platform for developers and speed, while NEO was designed to become the preferred system for smart contracts.
How to Choose Between EOS and NEO
Users will find that both EOS and NEO have their advantages and disadvantages. For example, Google searches for “EOS vs NEO” reveal that both of these platforms share the same pros:
Both of them can support multiple programming languages, including C++, C# and Java 8+
Both of them use delegated Byzantine Fault Tolerance (dBFT) to verify transactions in a decentralized manner without requiring mining or commissions. Both of them offer smart contract platforms that have been built on the same programming language, and both are able to handle more than 1,000 transactions per second.
Similarities Between both EOS and NEO
Both of these platforms boast high levels of demand, but they also share several similarities. For example:
There are enough talented developers that want to use either platform; EOS has over 5.5m tokens in circulation, while NEO has over 18m tokens. Both of them have millions of registered users who are eager for their digital coins to be listed on exchanges so that they can make profits from their new assets for manual link building.
Both of them have large teams behind them and are in the top 50 cryptocurrencies by market cap, but they have a difference when it comes to their projected value: EOS is currently worth more than $6 billion while NEO is worth only around $2.5 billion.
EOS vs NEO
In terms of security, both of these platforms offer solid solutions. EOS uses the One True Proof Of Stake algorithm, which should give users peace of mind. NEO uses its consensus protocol that relies on delegated proof-of-stake (DPoS) to confirm transactions.
With regards to the speed at which EOS and NEO process transactions, the two platforms have similar speeds. Although both of them can process over 1,000 transactions per second, EOS can process even more.
Differences Between EOS and NEO
In terms of features, there are several differences between EOS and NEO. For example, the creators behind both of them have different goals: The creators behind EOS hope that it will become more like Ethereum in terms of scaling. On the other hand, NEO wants to rely on its Proof-of-Stake consensus algorithm to increase network security.
Overall, it is clear that neither of these projects is perfect. The things that both of them have in common are:
The people behind each of these platforms know their strengths and their limitations; they also understand which features that they can improve upon.
Both of these teams have plans to improve their status within the crypto industry, but they are not lacking in determination to do so. However, the question is whether or not they have what it takes.
Conclusion: EOS vs NEO
While both projects have a lot in common, there are clearly some differences between EOS and NEO. There are also several differences between the two platforms themselves, but more information about each platform is needed before you can make an informed decision about which one is better for your project.