Overview of Ethereum and Neo

in #cryptocurrency6 years ago

While both NEO and Ethereum have generalized blockchains that provide a toolbox for would be developers, their objectives differ. I would summarize each platform’s objectives as such:

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Ethereum’s goal is to create a platform for the development of DApps in order to create a “more globally accessible, more free, and more trustworthy Internet:” an internet 3.0.

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NEO is a blockchain project “that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a “smart economy” with a distributed network.”

That’s a mouthful. Let’s breakdown these objectives to fully understand the projects. It’s important to understand that both platforms share many of the same capabilities, but the distinction in their branded objectives is very important.

Ethereum: Ethereum’s goal is to be the platform for DApps and they are largely accomplishing this. They own the DApp market right now. Their roadmap is all about giving users and developers more control and more options in developing their applications.

NEO: NEO is working towards developing a product for the future. It not only rebranded from Antshares to NEO in June of 2017, but they refocused their marketing as well — with enormous success. Neo’s objective, while ultimately utilizing many of the same technologies as Ethereum, is to be the platform for a new smart economy.

In short: Ethereum is developing in response to new demands. NEO is developing their platform in anticipation of future demands.
source:https://hackernoon.com

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