Examining NEO - Will it beat ETHEREUM?
Transactions per second = up to 10,000, without the need for a lightning network.
Multiple programming languages
Quantum pro =This one is perhaps the most impressive in my opinion, and that is their “Lattice cryptology-quantum computer-proof technology”- meaning they can achieve encryption that cannot be hacked by current quantum computers.
Secondly, I think NEO will be a home run in China:
They followed the Chinese governments needs by the letter including KYC compliance. NEO is regularly being shown on state sponsored tv and Onchain works directly with the government (to be clear, NEO does not work directly with the government, only Onchain). However Onchain is providing chains for local Chinese government (think intranet) that will eventually be linked up to NEO (think internet) - as they have stated is the purpose of their cross chain solution "NeoX". To put it simply - they are building a network across China which looks like it will include the government (this is not official). Further, if the Chinese government approves of NEO, state sponsored Chinese banks will probably move in and use NEO as well.
Thirdly, the ecosystem is looking healthy and growing rapidly.
Just weeks after the smart contract 2.0 version was released we already have DApps in the works (one of them AdEx just moved from Ethereum to NEO) and there are several ICOs launching on NEO. Nest Fund is gearing up to launch which will financially support all kinds of development on NEO and Innospace is already at work as an incubator for NEO development. We are also starting to see some institutional interest. Nomura (essentially the Goldman Sachs of Japan) is the reason NEO was recently in Japan, they were invited there by the bank.
So what could this be worth?
Well, there's some big numbers involved. And let me first give a warning that I cannot possibly predict these numbers accurately. The only purpose is to give a sense of potential magnitude.
Public blockchains are essentially Web 3.0 - they will host many of the transactions that occur over the internet today, plus more with original adaptions of the technology and logistics that would normally be hosted on a private server.
Let's talk about volume of the Internet. It's estimated that by 2020 Internet business transactions will hit 450 billion per day.
Let's talk about another number - there are 1.4 billion Chinese citizens (just 1 transaction per day per citizen is obviously 1.4 billion per day)
I'm not going to attempt to accurately tie these numbers into a projection for how heavy the usage will be on the network, but you can see that volume will be large if NEO takes off. Ethereum is 400k transaction per day already and almost nothing in the grand scheme even runs on it yet.
So what's the point? Well if a sizable amount of extra service charge transactions occur on the network, that's going to be significant revenue in NEO holders pockets.
How much?
Why don't we take what could be a conservative estimate both in volume and in fee charge.
Let's take 200 million extra service charge transactions per day and assume the fee is 10 cents. That would be 7.3 billion in NEO holder extra service charge collection per year. If you backed into a valuation with a return at 7% (average return for s&p 500 for past 10 years) that would place the NEO market cap at about $105 billion. Double volume or fee and it's $210 billion - play with the numbers as you like.
Again, I know holes could be poked in here with this analysis, it's not perfect and it's far from accurate. I'm just trying to get the message across that if NEO does establish its self dominantly it will be significant to NEO holders.
NEO supports (or WILL very very soon) 90% of the world's programming languages, is quantum safe and faster than every other crypto
Developers can program smart contracts using C++, C#, Go, Java, and other programming languages. This opens the door for many developers who haven’t yet mastered Solidity- which is the only programming language that is allowed for developing smart contracts on Ethereum.
Neo gas will -> more ICO choosing Neo
"GAS is the fuel token for the realization of NEO network resource control, with a maximum total limit of 100 million. The NEO network charges for the operation and storage of tokens and smart contracts, thereby creating economic incentives for bookkeepers and preventing the abuse of resources. The minimum unit of GAS is 0.00000001.
In the creation block of the NEO network, 100 million NEOs are generated, GAS has not yet been generated. 100 million GAS, corresponding to the 100 million NEO, will be generated through a decay algorithm in about 22 years time to address holding NEO.”
NEO coins cannot be divided- you’ll notice this when you want to make a transfer and will only be able to move whole integers, instead of the usual numbers with a decimal. (HINT: the trick is to add in the value of the transaction fee to the amount you wish to move)
They provide digital certificates which provide legal protection for the digital assets on the NEO network.
They also have a protocol that facilitates cross chain transactions that does not compromise smart contracts that are executed on different chains.
The NEO team holds 50M NEO:
Why would they dilute my precious Antshares?: While this is surprising on the surface, this is actually in the best interest of all Antshare holders. The additional 50M Antshares will be used to improve the Antshares platform by paying for software development, attracting top talent, providing incentives for the community to improve the platform, offering bug bounty rewards, and funding marketing efforts. The Antshares whitepaper specifically describes: "[the additional 50M] ANS will be allocated for supporting the long-term operations of the Antshares." Ultimately, the intent is that the dilution of ANS more than pays for itself in terms of value appreciation.
Timing of inflation: The 50M additional ANS will not be released all at once. To start, as described in the whitepaper, "they will be locked for 1 year via a smart contract after the Antshares MainNet launch." The MainNet launched August 1, 2016. After the 1-year lockup period, the allocation of the 50M additional Antshares must adhere to a multi-year maximum inflation schedule.
Inflation schedule: After the 1-year lockup period, the additional 50M Antshares can be allocated at a maximum rate of 15M per year. It's important to note that Antshares will likely not spend the maximum 15M per year, so inflation will likely occur at lower annual rates over a longer period of time. However, the maximum inflation schedule would look like this:
Is there a fee for transactions?
A1: No - sending NEO is free
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