Decentralization

There is a popular article written by Vitalik Buterin of Ethereum that has come to be the standard of Decentralization (very smart dude). He Splits it into Three sections, Logical, Architectural and Political :

Architectural: how many physical computers is a system made up of? How many of those computers can it tolerate breaking down at any single time?

As of the time of writing this we have (Active responding) 58 nodes

Asia — 19

Europe- 17

Americas — 22

Node Map

Logical: Can we split the system in half and continue to operate ? if NEO lost half the network can it operate independently or is there a single point of failure ?

Yes. Loss of a up to 50% of the consensus or edge nodes would not result in failure of the network. It’s likely we will see larger block times but this is expected if any network is cut in half.

Political: how many individuals or organizations ultimately control the computers that the system is made up of?

Political decentralization is well under way and making amazing progress . “ Zhang Yuwen : Decentralization is of course the goal of NEO”

: Decentralization is of course the goal of NEO” 7 Active consensus nodes. “Book keepers”

Ownership split between Neo Foundation, CoZ and KPN

“ the consensus nodes running on the test network are: Royal Dutch Telecom (KPN), Swisscom (Swisscom, etc.), and NEO will fully open consensus node voting and elections next year.” (Full document here)

Most recently KPN was elected a Consensus node, this is a multi-billion dollar Dutch Telecom company. https://neonewstoday.com/general/dutch-telecom-company-kpn-voted-in-as-neo-mainnet-consensus-node/

dApps / Real world Usage:

This the MOST important point in my eyes. NEO is perfectly positions to lead the way in real world usage dApps. You can look at http://ndapp.org/ to get an overview of some of the dApps NEO has to offer but it goes so much deeper than this.

The ecosystem is deep and complex but one stand out for myself is the NEX and nOS link. nOS is a dApp browser that will integrate many apps along including NEX used for FIAT exchange.

Using “Automatic Token Conversion” you will automatically be able to switch to the native token of the app you wish to use. No longer do you need to hold 100x different tokens to use each application on your phone. You can seamlessly and easily convert into any application you want to use.

Imagine a world where you do some free lance work using the THOR app and decide you want to take a holiday ? (Theoretical)

Too easy, using the nOS token conversion just switch your THOR tokens for some AVA and enjoy that beach!