Ethereum is available on Coinbase since few months why not NEO ?

How Are NEO & Ethereum Similar?

Some of the key similarities:

NEO and Ethereum are both blockchain projects specifically designed to host smart contracts, ICOs, and DApps in a decentralized manner.

Their respective blockchains are fueled by crypto-assets (GAS in NEO, Ether in Ethereum).

Both the projects are open-source, Turing complete, and have ample community backing with great, responsive teams.

In my opinion, these are the only key similarities.

How Are NEO & Ethereum Different?

When you look around the crypto-market, you will find many altcoins. But seldom will you find an Ethereum competitor and/or an alternative. I firmly believe that NEO might be a competitor and an alternative to Ethereum.

- Difference #1 – Backers

NEO is backed by the Chinese government. This has become the most important factor for NEO’s popularity in China, making it China’s first open-source public blockchain project. NEO is also backed by WINGS, Alibaba, and various Microsoft-like giants.

Ethereum is not backed by any nation’s government, but it is supported by the EEA-Enterprise Ethereum Alliance. This speaks volumes about its popularity and potential success on the world’s stage.

- Difference #2 – Consensus mechanism

NEO uses a delegated Byzantine Fault Tolerant (aka dBFT) consensus mechanism, which is an improved form of proof-of-stake.

Ethereum uses a proof-of-work mechanism.

dBFT is believed to be more energy efficient than proof-of-work, as POW is a very energy-intensive and expensive. But I don’t see this as a big advantage for NEO because we can eventually expect Ethereum to move to an efficient proof-of-stake mechanism.

- Difference #3 – Divisibility

The native crypto-fuel of NEO’s blockchain is not divisible. It only exists in whole numbers (1,2,50,1000, etc.).

The native crypto-fuel of Ethereum is divisible. It can be divided (3.4352, 283.399403, etc.)



- Difference #4 – Fueling the blockchain

NEO produces a special crypto asset called NeoGAS (or GAS) which is used as a crypto-fuel for NEO’s blockchain.

In Ethereum, small units of Ether are used as “gas” to fuel the network.



- Difference #5 – Language

NEO’s smart contracts and DApps can be written and compiled in C# and Java. In the future, developers will also be able to write smart contracts in Python and Go. This will drastically reduce the entry barrier for all developers around the world.

Currently, if you want to write smart contracts and DApps on Ethereum, then you have to learn a new programming language called Solidity. Very few people know this language.



- Difference #6 – Direction

NEO is focused on making a smart economy by digitizing traditional real world assets via digital identity, along with running smart contracts and DApps.

Ethereum is going in the direction of becoming the world’s only supercomputer based on the blockchain by hosting numerous use cases of digital identity, computing, decentralized exchanges, remittances, and KYCs (to name a few).



- Difference #7 – International audience

There isn’t much information available about NEO for the English-reading audience due to its Chinese roots.

Ethereum is already a global enterprise which fully caters to its international (and English-reading) audience.



- Difference #8 – Speed

At present, NEO can handle 10,000 transactions per second.

Ethereum can handle 15 transactions per second.

This is currently NEO’s biggest advantage in my opinion, but I think Ethereum will solve this soon as they are actively working on scalability.

- Difference #9 – Quantum computer-proof

NEO is quantum computer-proof. Quantum computers are believed to have the ability to break into and hack the cryptographic math on which blockchains are based. NEO claims that they have already developed an anti-quantum cryptography mechanism called NeoQS (detailed in their white paper).

Ethereum, and every other cryptocurrency, is not quantum computer-proof.

Sources : https://coinsutra.com/neo-vs-ethereum-differences/

NEO Wallpaper : Rufio-1408