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Ethereum Vs NEO ( ETH Vs NEO )

Ethereum Vs Neo, side-by-side differences

Ethereum has been around for a long time, but a new contender is already on the field to compete with more features and use cases. This new contender, a Chinese counterpart, is called NEO, previously called AntShares.

We already covered side-by-side differences among few crypto-assets or crypto-currencies.
Side by side differences,
Bitcoin Vs ripple
Bitcoin Vs Ethereum
Bitcoin Vs Bitcoin Cash

In this latest update, we are visiting key differences between two blockchain platforms, Ethereum and Neo, that enable DApp and smart-contracts equally well.

Sr. No.
Ethereum
NEO
1.
Released in 2014
Released in 2017
2.
Crypto symbol is ETH
Crypto symbol is NEO
3.
ETH has only 1 token
NEO has 2 tokens, viz. NEO and GAS. NEO is used for the voting purpose on the network and generates GAS
4.
ETH has a supply of 97,000,000 coins
NEO has a supply of 100,000,000 coins, out of which 65,000,000 are in circulation. GAS has a supply of 100,000,000.
5.
Ethereum is blockchain platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference
Neo is blockchain and digital identify platform that digitizes assets, to automate the management of digital assets using smart contracts, and to realize a "smart economy" with a distributed network
6.
Targeted towards increasingly new demands on smart contract platforms
Targeted towards a smart economy where every asset will be backed by digital identify validated out of blockchain
7.
Ethereum can handle around 15 transactions per second
NEO handles 10,000 transactions per second
8.
Ethereum uses Proof-of-Work mechanism
Neo uses dBFT (delegated Byzantine Fault Tolerance) mechanism
9.
Ethereum has hard forked into ethereum classic and few more are in pipeline
Neo cannot be hard forked
10.
Ethereum has its own programming language called Solidity
Neo support many programming languages biz. C#, Java, Python, and Go are few.
11.
Ethereum does not have any mechanism to protect itself from Quantum computing hacks.
NEO claims that their NeoQS anti-quantum cryptography mechanism can stand tall against quantum computing hacks
12.
Ethereum can be divided into many decimals
Neo can be divided into whole numbers only. However GAS is divisible token as users pay fees using GAS on NEO network.
13.
Ethereum can be mined.
Neo cannot be mined
14.
Backed by ethereum foundation, ethereum.org
Neo is backed by neo foundation, neo.org

A brief explainer video on Ethereum Vs Neo,


What is your opinion? Do you know any other differences between BTC vs BCH? If yes then let everyone know in comments below. We will update contributor's name in above table.

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Mandar Pise Opinions expressed by techsutram contributors are their own.

Mandar is a seasoned software professional & Fintech, Cloud, IoT, and Blockchain enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about Fintech, Cloud, IoT, AI and Blockchain, and the effects they will have economically and socially in the future.

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