NEO vs. Ethereum: Which One Is Good For Investment?

by Blockchain council Blockchain certifications

It won’t be wrong to say that the blockchain market is all set to boom. In 2017, the blockchain market was $706 million, and it is expected to make a whopping jump to $60 billion by 2024. With such a significant expansion, everybody wants to be a part of this industry, either in the form of investment or some wish to pursue their career in this direction. Two of the most talk about platforms are Ethereum and Neo when we talk about Blockchain platforms. Ethereum came after Bitcoin, and it only got popularity as a cryptocurrency but also a Blockchain platform. There is a higher demand for Ethereum experts who can use this platform for the application. In addition to Ethereum, we also have NEO which is gaining

Two of the biggest blockchain platforms are Ethereum and NEO.

With Ethereum, the idea of Blockchain 2.0 got popularity, i.e., expanding the use of Blockchain. Because of the multifaceted use of Etehreum, it exploded to the forefront in a short period of time.

The rise of Ethereum also led to many competitors come into the picture, and one of them was NEO or the Chinese Ethereum. It emerged in China and hence named so. In this blog, we will be making a comparison of NEO and Ethereum, and based on it; you can get asses, which is the best to invest.

NEO Versus Ethereum

1. Smart Contracts- The first difference that we will be assessing is on Smart Contracts. Well, the developers can easily create smart contracts on Ethereum and Neo. Still, when it comes to using programming language, the developers have to use solidity in the case of Etehreum. When it comes to NEO, developers can use JAVA, Python, Go, and JavaScript.

2. DApps Or Decentralized Applications- The use of Ethereum for dApps is higher than that of NEO. Ethereum has some of the popular dApps like DeFi dApps, Marker DAO, etc. This is not the case with NEO. However, it is expected that NEO to chase up.

3. Transactions Per Second- One of the critical factors that make any of the Blockchain platforms popular is the number of transactions per second. If Blockchain has to reach a mark of $60 billion, then it has to aid a number of transactions per second. Ethereum can support 15 transactions per second, while NEO can currently aid 33 transactions per second. Both these platforms need to buckle up because they need to match the transactions per second by some popular payment platforms like Visa that aids 1700 transactions per second.

4. Pricing- At the time of writing, the price of Ethereum is $232.64, and NEO stands at USD 10.62. So this was all about Ethereum and NEO; if you are willing to invest, this assessment will help you.

Blockchain is going to rule the world in the times to come. Whether it is the financial sector or healthcare sector, you can find the use of Blockchain. Hence, it holds excellent prospects.

If you also want to become an Etehreum expert, then you need to opt for Ethereum certification or Ethereum online course. Blockchain Council offers an Ethereum certification program. After successful completion of this program, you will become an Ethereum expert.

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Created on Jun 16th 2020 01:19. Viewed 364 times.


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