It’s apparent to anyone in the cryptocurrency world, whether newbie or a seasoned pro, that the NEO blockchain provides significant advantages over the Ethereum and Bitcoin blockchains.
Those advantages include faster blockchain creation times, higher transaction per second capabilities, and the multi-language support it offers to developers.
However, there are three very good reasons you should be watching NEO…
Reason #1: Huge transactions per second speeds
With the emergence of Trinity’s state channel scaling solution, you’ll soon see NEO capable of processing in the region of 99,999,000 transactions per second, and up to ten times that with further optimizations.
Ethereum can handle around 1,000,000 maximum transactions per second using the Raiden Network.
Reason #2: Rapidly increasing dApp Selection
According to the NEO dApp list, at time of writing, there are already 27 dApps available for use. That might not seem like a lot right now, but the important thing to remember is that the NEO blockchain allows developers to create dApps and smart contracts using programming languages that are more widely known than Solidity (which is what you need to know to do the same things on the Ethereum blockchain.) These languages already include C#, VB.Net, F#, Java, Kotlin, and Python with support for C, C++, Golang, and JavaScript coming.
The numbers of dApps created on the blockchain will increase massively as time goes on.
Reason #3: Infrastructure development
No blockchain in the world is ever going to be able to become mainstream if there isn’t significant investment and development in its infrastructure – that includes NEO.
However, several companies have made it their mission to see that the NEO blockchain lives up to its fullest potential. These include:
- Ontology Network – According to their website, they are “a blockchain/distributed ledger network which combines distributed identity verification, data exchange, data collaboration, procedure protocols, communities, attestation, and various industry-specific modules.”
- Onchain – Onchain has developed a Distributed Network Architecture (DNA) for NEO, and their website states that the “design of DNA distributed network architecture combines the core technology of distributed ledger and the application of an enterprise-level system. The architecture of matrix system is designed, including three levels and five verticals.”
- Deep Brain Chain – From their website, “Deep Brain Chain’s vision is to provide a low-cost, private, flexible, secure, and decentralized artificial intelligence computing platform for AI products.”
Whether you have come across NEO before or not, one thing is seeming – through the maintained efforts and ideas of the teams developing on NEO, it may be only a matter of time before NEO becomes a powerful, mainstream-adopted blockchain technology.
