Distributed Networks Architecture or, DNA, which will allow for interoperability cross-chain/industry/department/business process/etc. software for enterprises to plug-in any component of their business to various chains to utilize various facets of blockchain technology. At least, this is my understanding. I could be wrong here with the technical specs as I am not a programmer or dev — though I have done the best I can to understand the technical details of the various blockchain technologies out there and how it will intermingle with existing technologies.

- http://www.onchain.com/en-us/

On another note, Onchain is a Top 50 Most Innovative FinTech firms by KPMG China and was recently inducted into a Microsoft incubator program. It’s very hard to share this video too much across the internet, it’s ‘The New Vision,” a speech by Da Hongfei at the NEO DevCon 1 in Silicon Valley earlier this year — Ethereum’s homeland. ;)

He mentions that Ethereum rose to its position heavily due to the sheer number of ICO’s launching on their network. Right before those words, he told the story of how in 2012 or 2013, not 100% when, of how a community-member on BitcoinTalk.org used the forums to pitch and ultimately crowdfund the creation of the first ASICS Miner, issuing ‘Miner Shares’ in the process. Something to the tune. These shares were apparently traded on the forums for a while and the value reached as high as 5BTC before someone ‘disappeared’ with the shares, leaving a lot of people at a significant loss.

It was pretty set from the beginning that Antshares/NEO would be a sort of crowdfunding blockchain. Today, NEO is the first blockchain I have ever seen to integrate the option to participate in Initial Coin Offerings from the comfort of your Ledger Nano S or Desktop Wallet. Literally a button in the NEON wallet that says, “Participate in a token sale.” Genius. That’s a more secure way to conduct ICO’s as a network as compared to the machine-gun approach we’ve seen taken on the Ethereum network.

To be clear, I am not saying that either method is ultimately superior to one another in the short-, medium- or long-term growth of the network/community/ecosystems. I am saying that NEO has developed a more secure way to participate in the growth of their ecosystem, specifically through ICO’s in this case — something I have not yet seen in other blockchain networks yet.

Ethereum’s machine-gun approach just might be what leads to superior technological innovations within their network as compared with NEO. At the same time, NEO is very obviously paying close attention to the development of various projects on the Ethereum network and how similar projects might assist NEO’s chain in growing better in the long-term based off of their result so far on the Ethereum network.

Ethereum is radically decentralized whereas NEO is far more centralized, working to decentralize. Da Hongfei set the goal for NEO to become the #1 public blockchain by 2020 by market cap. You can hear it in the video above. Given the recent rise of Ontology Network and their Venture Capital partnership announcement, it’s safe to say NEO will be a major competitor directly with Ethereum over the coming years.

We should have quite a bit of fun experiencing both of their growth and associated growing pains in the process! You can find some more screenshots about NEO/Ontology in the section below.

Ontology Network Educational Website Screenshots: