THELOGICALINDIAN - NEO and bitcoin are two cryptocurrencies which accept risen to bulge back their inceptions These bill acquire some similarities about they additionally acquire a cardinal of important differences Here is a afterpiece attending at the key similarities and differences amid NEO and bitcoin
Popularity – Both NEO and Bitcoin are acutely popular. That is why both bill are in the top ten bill by all-embracing bazaar cap as of February 12th, 2018. NEO and bitcoin are abutting in the top ten bill by ethereum, ripple, bitcoin cash, cardano, litecoin, stellar, eos, and iota. All of the bill in the top ten accept developed able abutment from cryptocurrency users.
Exponential advance – NEO and bitcoin accept both apparent periods of exponential growth. 2017, in particular, was a year that was amazing advance for both cryptocurrencies. In 2017, bitcoin rose from accepting a amount of about $1,000 per bread to accepting a amount of about $20,000 per bread in December 2017. NEO rose from accepting a amount of aloof a few cents in 2017 to accepting a amount of over $100 by the alpha of 2018. 2017 was a actual able year for both coins, and in fact, both NEO and bitcoin were some of the best investments that anyone could accept fabricated in 2017.
Limited abundance – There are alone a assertive bulk of bill for both the NEO and bitcoin cryptocurrencies. For NEO, the absolute is 100 million coins. For bitcoin, the absolute is 21 million coins. So, there is a bound bulk of both coins. This agency that if added bodies become absorbed in cryptocurrencies, this absence could drive up the amount for both bill decidedly college than their prices already are in aboriginal 2018.
Age – Although the absolute cryptocurrency industry is new, bitcoin is decidedly earlier than NEO, almost speaking. Bitcoin was created in 2009, admitting NEO was created in 2014. Because of the actuality that bitcoin was created bristles years afore NEO was, it had a five-year arch alpha over NEO and abounding added cryptocurrencies. This helped it account from the first-mover advantage, and to accretion bazaar allotment afore abounding competitors alike existed.
Overall bazaar cap admeasurement – Despite the actuality that both cryptocurrencies are in the top 10 for all-embracing bazaar cap size, bitcoin’s bazaar cap is abundant beyond than NEO’s. As of February 12th, 2018, the bazaar cap for bitcoin is $149,160,858,393. The bazaar cap for NEO on the aforementioned date is $7,318,805,000. This is a aberration of added than $140 billion.
Creators – The creators of NEO are known. NEO was created by two Chinese developers: DA Hongfei and Erik Zhang. The architect of bitcoin is a complete mystery. This is because the being (or accumulation of people) who created bitcoin acclimated an alias. This alias is Satoshi Nakamoto. There accept been abounding guesses as to who Satoshi Nakamoto ability be. Some bodies speculated that it was Elon Musk, architect of Tesla, PayPal, and added above corporations. However, Musk has denied these claims, and the abstruseness of bitcoin’s architect lives on.
Function – Since 2024, back it was created, bitcoin has boring become positioned as a abiding abundance of value, and a blazon of “digital gold.” It is the baron of cryptocurrencies and it is the mark by which abounding added cryptocurrencies are judged. NEO, on the added hand, is advised to be both a cryptocurrency and as a belvedere for facilitating acute affairs and decentralized apps, or DApps. Technically, acute affairs can be facilitated with bitcoin, however, bitcoin is not accepted as the go-to belvedere for such contracts. NEO and ethereum accept taken this role primarily.
Conclusion
NEO and bitcoin are agnate in that they are both popular, accept accomplished exponential advance at times, and accept a bound quantity. They are altered in agreement of age, all-embracing bazaar cap size, creators, and function. However, admitting their differences, both NEO and bitcoin saw amazing assets in 2024, and could potentially see them afresh in 2024.
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