Thanks for pointing that out! I meant to write 'EOS', which is what I was holding since $1.92 which was it's price back in june or so.
I've been holding NEO for about as long though, a little longer probably, from back when it was called Antshares. I think I bought in at about $4-5?
But yeah, pretty content with that :)
No transaction is ever free. In EOS cost it is paid out through 5% inflation to miners. The big advantage is the EOS distribution which gets many many people invested in the block chain. The other advantage is if they take the money raised and invest it to create the best dApp ecosystem then it will become popular. Similar to the App Store selling iPhones.
There is also a 1% fee on RAM trading which may be enough to pay the block producers on its own and there might not be any inflation at all when it's all said and done.
(Disclaimer: I also own both NEO and EOS) The NEO council still holds 35M NEO that will use to invest in projects and partnerships. So also in this point there is little difference between NEO and EOS.
Its almost funny how many disclosure statements you had to put into this one article. I think if people down vote you for trying to engage in an intellectual discussion on a topic then that's pretty pathetic. I hope that isn't the case for anyone. I think you are raising some good points and keeping the topic open for discussion. I'm interested in what others have to say as well - arguments in favor for both projects
Actually, today at the NEO Devcon it was announced that NEO will scale to 100.000 tps in 2020, bringing it on par with the highest serious estimates I've read of EOS. Still, I think 100.000 tps will still not be enough to fully solve the scaling issue. It's still not enough for the entire world
According to Dan, NEO copied his DPOS system and didn't disclose it...I'm long both coins so don't have an opinion or care but that is how I understand the DPOS situation.
Thanks for your reply! Is this recent information from dan?
Last I heard NEO copied the DPOS part but added the BFT element themselves.
This is the first time however that I am hearing BFT in combination with EOS though.
click here! , TeamMorocco! . STEEM Price : 6.022 $ ID : 1517076885000This post received a 1.69% upvote from @morwhale team thanks to @pandorasbox! For more information,
Eos has 500 ms blocks, uses a different voting scheme, and allows block producing to continue so long as at least one honest node exists.
Furthermore consensus is just one component of a system. Even if the systems used similar consensus the rest of the design is even more critical than consensus algo.
It like saying what makes Apple different, it used the same cpu as every other P.C. operating system matters for performance, security, and developers.
Thank you for responding to this personally!A reply from @dan himself! I'm honoured!!!
Is there no risk of NEO increasing it's blockspeed/tps by upgrading their hardware specs for nodes? Or is there simply no way for them to have a similar tps as EOS will have?
You were holding NEO since $1.92? Or do you mean EOS since 1.92? In either case, congratulations are in order! :-)
Thanks for pointing that out! I meant to write 'EOS', which is what I was holding since $1.92 which was it's price back in june or so.
I've been holding NEO for about as long though, a little longer probably, from back when it was called Antshares. I think I bought in at about $4-5?
But yeah, pretty content with that :)
No transaction is ever free. In EOS cost it is paid out through 5% inflation to miners. The big advantage is the EOS distribution which gets many many people invested in the block chain. The other advantage is if they take the money raised and invest it to create the best dApp ecosystem then it will become popular. Similar to the App Store selling iPhones.
There is also a 1% fee on RAM trading which may be enough to pay the block producers on its own and there might not be any inflation at all when it's all said and done.
(Disclaimer: I also own both NEO and EOS) The NEO council still holds 35M NEO that will use to invest in projects and partnerships. So also in this point there is little difference between NEO and EOS.
Its almost funny how many disclosure statements you had to put into this one article. I think if people down vote you for trying to engage in an intellectual discussion on a topic then that's pretty pathetic. I hope that isn't the case for anyone. I think you are raising some good points and keeping the topic open for discussion. I'm interested in what others have to say as well - arguments in favor for both projects
I know! But I have started a discussion on DPoS vs PoW before and it wasn't pretty! So I thought I would add some disclaimers this time!
"That makes EOS about 10x faster than NEO. Wow!"
Yeah that's... That's a pretty important little detail right there
Actually, today at the NEO Devcon it was announced that NEO will scale to 100.000 tps in 2020, bringing it on par with the highest serious estimates I've read of EOS. Still, I think 100.000 tps will still not be enough to fully solve the scaling issue. It's still not enough for the entire world
Wow. I need to look into neo more. Thanks!!
According to Dan, NEO copied his DPOS system and didn't disclose it...I'm long both coins so don't have an opinion or care but that is how I understand the DPOS situation.
Thanks for your reply! Is this recent information from dan?
Last I heard NEO copied the DPOS part but added the BFT element themselves.
This is the first time however that I am hearing BFT in combination with EOS though.
click here! , TeamMorocco! .
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Whoa
Eos has 500 ms blocks, uses a different voting scheme, and allows block producing to continue so long as at least one honest node exists.
Furthermore consensus is just one component of a system. Even if the systems used similar consensus the rest of the design is even more critical than consensus algo.
It like saying what makes Apple different, it used the same cpu as every other P.C. operating system matters for performance, security, and developers.
Thank you for responding to this personally!A reply from @dan himself! I'm honoured!!!
Is there no risk of NEO increasing it's blockspeed/tps by upgrading their hardware specs for nodes? Or is there simply no way for them to have a similar tps as EOS will have?
It’s not just tps but quality of tps
Hi @dan, love seeing you online communicating. Did you see my eos public testnet installation yesterday ( as a non developer;-)
I hope you want to checkout my daughter Isa (12) who received her steemit account on christmas day from me and is on steemit now for 1 month https://steemit.com/introduceyourself/@creatisa/one-month-on-steemit-100-followers-thank-you-unbelievable-experience
:)
https://steemit.com/ned/@lachitsarmah/discouragement-among-the-steemians-of-the-north-east