NEO VS. BITCOIN – KEY SIMILARITIES & DIFFERENCES
NEO and bitcoin are two cryptocurrencies that have up to prominence since their inceptions. These coins possess some similarities, however, they conjointly possess variety of vital variations. Here may be a nearer check up on the key similarities and variations between modern and bitcoin.
SIMILARITIES
Popularity – each modern and Bitcoin are extraordinarily in style. that's why each coins are within the prime 10 coins by overall market cap as of Feb 20, 2018. Neo and Bitcoin are within the prime 10 coins by ethereum, ripple, bitcoin money, cardano, litecoin, stellar, eos, and iota.
Exponential growth – Neo and Bitcoin have each seen periods of exponential growth. 2017, particularly, was a year that was tremendous growth for each cryptocurrencies. In 2017, bitcoin rose from having a value of around $1,000 per coin to having a value of just about $20,000 per coin in Dec 2017. modern rose from having a value of simply many cents in 2017 to having a value of over $100 by the beginning of 2018. 2017 was a awfully robust year for each-coins, and if truth be told, each modern and bitcoin were a number of the most effective investments that anyone may have created in 2017.
Limited amount – There are solely an exact quantity of coins for each the modern and bitcoin cryptocurrencies. For NEO, the limit is one hundred million coins. For bitcoin, the limit is twenty one million coins. So, there's a finitequantity of each coins. this suggests that if a lot of individuals become curious about cryptocurrencies, thisinadequacy may draw close the worth for each coins considerably on top of their costs already ar in early 2018.
DIFFERENCES
Age – though the complete cryptocurrency trade is new, bitcoin is considerably older than modern, comparatively speaking. Bitcoin was created in 2009, whereas modern was created in 2014. owing to the very fact that bitcoin was created 5 years before modern was, it had a five-year start over modern and lots of alternative cryptocurrencies. This helped it like the first-mover advantage, and to achieve market share before several competitors even existed.
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