However, while Ethereum aims to“build a more globally accessible, more free and more trustworthy Internet”(official description), NEO aims to build a new economy entirely- a smart one.
All though Ethereum was the first and still the largest platform for developing distributed applications there are now others such as Blockstack or EOS all of which provide the underlying infrastructure for building Dapps.
Because although Ethereum doesn't directly solve the network effects problem, nor the 10x problem, what it does do is enable the creation of a whole new set of applications that were never possible before.
To put that into perspective, the Bitcoin network processes between 3 and 7 transactions per second on average, while Ethereum can manage from 10 to 30.
Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether.
Bitcoin, which is the largest cryptocurrency by market cap, is up 373% year to date through Aug. 30, while ethereum, the second largest digital currency by market cap, has surged an almost.
Ethereum, worth far less than Bitcoin at the moment but still moving, has been, as of late, showing off its claim to fame in the crypto world, leading some people to question whether 2018 might be the year….
You can't write any of them off just yet, but ethereum has shown a dedication to innovation at all costs and an effectiveness that leaves no doubt that it will be the main platform for blockchain application development for years to come.
The Ethereum network was originally developed by Vitalik Buterin to improve Bitcoin's scripting language which does not allow application development, but since agreement was never reached, Ethereum was rather launched as an independent blockchain-based platform.
However, like many early-stage investors, Wilson, who has invested in Bitcoin since 2013 and Ethereum since its launch in 2015, explained that most market corrections don't hold much significance for his portfolio.
Bitcoin, which is the largest cryptocurrency by market cap, is up 373% year to date through Aug. 30, while ethereum, the second largest digital currency by market cap, has surged an almost unimaginable 4,737% year to date.
Ethereum tries to put everything in the world on a single blockchain(while skycoin puts almost nothing on the blockchain, except coin payments. Skycoin has an individual blockchain for its version of ERC20 tokens, instead of putting all the tokens on a single monolithic blockchain).
Zhang then went onto to make a prediction on the future of Bitcoin and Ethereum saying,“in my opinion, Ethereum will sooner or later exceed Bitcoin and get the first position. But Ethereum will also face very fierce competition from other projects such as NEO.”.
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