Ethereum vs. NEO: 5 Things You Didn’t Know

Ethereum and NEO are both cryptocurrencies with massive market caps. They currently rank among the top 15 digital coins in terms of their market cap. To see which 5 things you didn’t know about ETH vs. NEOcoin, please continue reading.

Ethereum vs. NEO: History 

Ethereum is an open-source, public, blockchain platform featuring smart contract functionality. Vitalik Buterin (the inventor of ETH) born in January of 1994, described his invention in a white paper in late 2013. Vitalik was only 19 years old when he began to dominate the crypto headlines; he even met the Russian President Vladimir Putin at some point.

In contrast, NEOcoin was formerly known as Antshares and is the People’s Republic of China’s first-ever open-source blockchain project. The mission is to create a “smart economy” with a distributed network.

Ethereum vs. NEO: Similarities 

Some people call NEOcoin the Chinese Ethereum. Indeed, there are some significant similarities that unite both projects. NEO and ETH are both blockchain-based. In addition, they both allow one to create smart contracts and host ICOs. Followed by large groups of supporters, both ETH and NEOcoin are open-source.

Despite having significant similarities, the aforementioned programs are also known for their distinct differences.

Ethereum vs. NEO: Differences 

• While ETH is pretty much independent (though some may joke about Vitalik being manipulated by the Russian Government), NEO is known as a project backed by the Chinese government. No surprise why NEOcoin is so popular in China.
• Speaking of programming languages, NEO is much better suited for programmers as it can be written in Java, C#, Python, and Go. ETH, on the other hand, is only limited to Solidity.
• When it comes to scalability, NEOcoin is an obvious leader. With 10,000 transactions handled per second, it is unarguably outcompeting Ethereum (that is limited to 15 transactions per sec).
• Quantum computers that are believed to be the world’s biggest danger are no thread to NEOcoin. ETH, on the other hand, is not quantum computer-proof.

Ethereum vs. NEO: Market Cap

Ethereum and NEO both enjoy market caps that are over $1 billion. For ETH, its market cap amounts to $21,016,417,103. This is almost 20 times that of NEOcoin, which has a market cap of $1,081,028,885.