There is a lot of excitement building around the smart economy. Whereas Bitcoin and other cryptocurrencies such as ethereum are gaining popularity, their smart contract capabilities are still limited. With the recent explosion in interest around blockchain technology, many investors are beginning to pay attention to NEO, commonly called the ‘Chinese Ethereum’. Here’s a brief overview of what this cryptocurrency has to offer and how it compares to its rival, Qtum.
If you’re looking for an alternative to Ethereum, I’d say NEO is worth looking into.
Many people compared the two blockchains in terms of their features and functionalities.
Let’s have a look at some of the main aspects that made NEO such a successful project and what makes it different from other altcoins in this competitive space.
NEO’s price increased from just a few dollars in mid-2017 to as high as $180.00 in January 2018.
So, I suspect that today, many investors and traders are looking into NEO for investment opportunities. But let’s see how NEO differs from other blockchains.
In comparison to QTUM, NEO strives to be much more than a value exchange platform. It aims to build a smart economy by facilitating the legal, financial, and policymaking components that make it up.
Both NEO and Qtum are decentralized platforms developed out of China. In fact, they both run on the same underlying blockchain technology.
Established in 2016, Qtum is a decentralized applications platform with more than 150 DApps. Following the trend of blockchain 3.0, based on bitcoin network and joined code of consensus mechanism with the UTXO model for the existing blockchain technology.
qtum. org The Qtum Token has a maximum supply of 100 million and 4.1 million are in circulation at present.
At the moment, only 12% of the max supply have been released. 4.1 million tokens in circulation + 2.5 million tokens locked up in contracts = 3.6 million Qtum in market circulation today.
This is a positive move for QTUM and investors. With the implementation of quantum resistance, it paves the way to ensuring the longevity of the platform as quantum computers become available.
Most of the top cryptocurrencies in the market like Bitcoin and Ethereum will eventually be safe on QTUM blockchain as well.
Neo is aiming to create an entire smart economy and offer a wide range of solutions to their users compared to qtum. throughout this post we have covered everything related to qtum and neo.
Qtum is a collection of intelligent contracts and tools for building decentralized applications on the blockchain.
Qtum- based smart contracts aim to bridge the gap between the real world and distributed systems. Qtum is created as a hybrid. NEO can do 10,000 transactions per second while Qtum can do only 1,000