Is NEO the Chosen One to Revolutionize the Smart Economy?

If you’ve been in the crypto space for sometime, surely you have heard of NEO.

Some cryptomaniacs out there think NEO is the chosen one, because it was chosen by China to work with regulators and build the smart economy with decentralized applications.

Why might NEO be the Chosen Coin for the Global Smart Economy?

NEO the Chosen One

NEO’s current value and growth potential

NEO is currently valued around $115. The total supply of the coins is 100 Million and no mining is required. The current circulating supply is 65 Million, much less than Ethereum (97 Million).

NEO has the potential to easily hit over $1000 USD price with the new Chinese Lunar year. Remember that NEO’s homeland is China. The one-year trend for NEO (formerly Antshares) has been remarkable, with over a 100,000% increase in 1 year. Yes, that is 1000X gains for NEO.

NEO Coinmarketcap

Stake NEO to earn GAS

A second reason NEO is the chosen one is the staking rewards in GAS that investors are paid for holding NEO. You can stake NEO in the NEON Wallet to earn GAS. The way this works is the supply of GAS grows by 8 with every NEO block (15 – 25 seconds).

You can estimate the amount of GAS you will earn for your NEO holdings at neotogas.com

The 8 new GAS tokens are distributed between all NEO holders. You can test this by checking the GAS supply on Coinmarketcap and refreshing after a little bit.

The supply of GAS goes up every ~30 seconds or so. Currently, Gas (GAS) tokens are valued at $36. You can also buy GAS on a number of major crypto exchanges like Binance or Kucoin.

NEO is more developer-friendly than Ethereum

The main reason NEO is the chosen coin to revolutionize the smart economy is how easily developers can create smart contracts on the NEO platform. NEO is superior to Ethereum in this regard.

By being open source and a better platform to that provided by Ethereum, NEO is more of a pioneer of the economy of the future on blockchain.

There are already a number of amazing dApps built on NEO.

NEO decentralized applications
NEO decentralized applications

The beauty of NEO’s platform is that you can program your smart contracts using numerous programming languages that include: python, C#, Java and other mainstream programming languages.

Programming NEO vs. Ethereum

Ulike Ethereum, you do not have to learn their own bug-prone programming language known as Solidity. This programming language was influenced by C++, Python and JavaScript and specifically designed for the Ethereum Virtual Machine.Don't be like vitalik

Sounds like another bad call, Vitalik.

NEO’s Universal Lightweight Virtual Machine (NeoVM) can accomodate mainstream programming languages without forcing the owner to learn an extra programming syntax.

 

Keep an eye on NEO. It just might be the Chosen One.

In the Matrix movie, NEO starts out skeptical about his assignment to save the human race from the machines that keep people asleep as they harness their energy to generate electricity.

The machines plug in the humans into an alternate reality called the Matrix to fool them into believing that they are actually living real lives and NEO is that guy ends this cycle.

NEO MOVIE QUOTE

NEO is a coin to watch out for the foreseeable future, and a major contender for the global smart economy of the future.

It has the advantage over Ethereum of having less coins in circulation and is backed by the fact that it is the favorite of many crypto traders from Asia and particularly, China.

NEO vs. ETHEREUM

It has the potential to outgun Ethereum in both price and also in pushing smart contracts for a global smart economy.

As more Decentralized Apps are created on the NEO platform, the more the possibilities of delivering a smart economy backed by smart contracts.

Before making any investment decisions, always remember to Do Your Own Research.

Hold on for dear life.

BLUZELLE ($BLZ) to disrupt data storage industry leaders Dropbox & Google?

As we know, blockchain tech has many use cases and the potential to replace a long list of existing technologies. One of these is data storage and that’s exactly what Bluzelle is focused on.

bluzelle banner

BLUZELLE’S GOAL

Bluzelle wants to combine the best of the sharing economy with the token economy. Anyone can rent out excess computer storage space while dApp (decentralized application) developers can use this space to store and manage their applications’ data.  Centralized cloud-based databases won’t cut it for dApps because of major scaling issues. If Bluzelle succeeds, its technology has the potential to disrupt data storage leaders like Dropbox & Google.

 

BLUZELLE description

BLUZELLE’S PLAN FOR SUCCESS

Bluzell has already proved competence by building blockchain technology for Temenos, HSBC, Microsoft, and BT. Now there is a growing need for data storage solutions and Bluzelle plans to be there to fill that need with their own blockchain technology.

Key Features of Bluzelle’s Tech:

  1. Data is stored in groups of nodes, a.k.a. swarms. This removes concerns about a central point of failure, a very real threat in the world of cloud computing. The reality is that a “cloud” is just someone else’s computer or server.
  2. Bluzelle uses an algorithm that provides infinite scaling. By storing the dApp data using a unique network model, it can provide scalable database servers regardless for any level of demand. The only limit to scaling is how much excess storage space people choose to share with Bluzelle.
  3. These two features are coupled with a dynamic performance solution. Bluzelle dynamically adjusts the number and location of nodes sharing data to reduce request times. This improves the overall performance of the ecosystem.

USER ADOPTION IS CRITICAL FOR SUCCESS

So now that we know that Bluzelle’s tech can scale with no boundaries let’s return to address the most important driver of Bluzelle’s future success: user adoption.

We certainly wouldn’t want to end up like these guys:

user-adoption-we-forgot-about-it

Considering the ecosystem will depend entirely on the amount of data storage users commit to the platform, we want to find any metric we can get our hands on to gauge how likely users will be to adopt the technology. Here’s what I’ve found.

  1. A strong Telegram group with 25K+ members and countingJust to emphasize for those who may not be familiar with telegram in the cryptospace… 25K members is an elite level for a cryptocurrency project. The average for an ICO project might be around ~5K members.
  2. An active Twitter account with also 25K+ followers and counting and updates directly from CEO Pavel Bains
  3. Strong partnerships emerging with other strong blockchain projects
    • 0x – a decentralized exchange protocol (San Francisco)
    • Zilliqa – a blockchain protocol focused on delivering high throughput (Singapore)
    • Bee Token – this home sharing platform team comes from Uber, Google amongst others (San Francisco)

 

THE BLZ TOKEN

Bluzelle has its own native cryptocurrency, BLZ. BLZ can be exchanged for database services or earned by users who share computing resources.

Bluzelle’s ICO sold 33% of the total 500,000,000 BLZ tokens for $0.12 USD. Currently BLZ is valued at $0.64, a solid 5X increase from the ICO price. This puts the market cap at over $100M USD, and its current rank is #145.

BLUZELLE coinmarketcap

BLZ was listed on Binance and coinmarketcap on Feb 6th. Binance is currently where most of the trading volume is. Once the initial price pump tabled out, early investors have taken profits and now BLZ is trading at about a 30% discount in the BLZ/BTC pair from all-time-highs.

My opinion is that this is a case of a project where the price will follow the hype cycle and key roadmap dates. Until the next milestone, who knows which direction the price will move in.

WHAT’S NEXT ON THE ROADMAP FOR BLUZELLE?

A minimum viable product is expected to be revealed in April of this year. Building out the infrastructure required to serve as a distributed database for dApps will not be easy.

More improvements will be made through 2019. Some of the upcoming features include:

  • smart contracts
  • mobile apps
  • proof of stake requirements
  • Sybil attack tolerance
Bluzelle road map
Bluzelle’s 2018 road map

Bluzelle has an exciting couple years ahead of it, and although there is a lot of work to be done still, they have a lot going for them. It’s definitely worth taking a look at. If you decide to get involved, it should be an interesting ride. Always remember to DYOR. Whitepaper (PDF)

Hold on for dear life

ICON (ICX): a blockchain network aiming to unite communities

ICON, a blockchain technology company from South Korea, is creating a decentralized network of blockchain communities that can freely transact with each other.

The ICON Blockchain

ICON is basically a giant network of networks that plans to connect them all instantly using a shared central ledger and the ICX token. Anyone can set up a “Community” or DAPP (Decentralized Application) on the ICON Network and freely interact with the other Communities and DAPPs.

icon token

ICON is focused on real world applications, something many other digital currencies (a.k.a. shitcoins) lacks.Image result for shitcoinIf a health insurance company submits a payment to a hospital on the ICON Network, the transaction would be overseen by the ICON Blockchain and paid in $ICX.

Alternatively, it could be automatically paid in some other currency using ICON’s decentralized exchange (“DEX”) to switch one currency for another on the fly.

 

ICON already has strategic partnerships with banks, hospitals, insurance companies, and universities in place to take these theoretical capabilities into the real world, giving the project an apparent leg up on most of its competitors.

icon-coin

ICON’s Global Outlook

No institution wants to compromise their autonomy for any of the advantages ICON provides, so ICON is built to ensure they don’t have to. Every Community and DAPP on ICON is independently managed, and free to choose their own currency, consensus algorithm, and other regulations.

A Bitcoin Community on the ICON network can still use Bitcoin within their Community but then switch to $ICX for transactions with other Communities on the network.

The freedom to define separate regulations for Communities also allows ICON to target the global market and be adapted to comply with regulations in different countries. Communities on ICON will follow their local regulations, with ICON simply acting as an inter-Community transaction facilitator.

The Numbers

The max supply of ICX tokens is 400,230,000. Half of those coins were sold in the ICO and the rest were distributed as follows:

  • 16 percent held in Reserve
  • 10 percent held by the ICON team, early contributors, and advisors
  • 10 percent held by strategic partners and community groups
  • 14 percent held by the ICON Foundation, the parent company of the project.

 

ICON (ICX)
4.00 USD (-4.67%)
0.00046593 BTC

RANK

21

MARKET CAP

$1.53 B USD

VOLUME (24H)

$41.26 M USD

 

There is no mining with ICX, but the available supply may be increased in the future as a result of annual C-Rep meetings. Community Representatives from the various Communities on the ICON Network may authorize up to a 20% increase in the ICX supply per year, although they are under no obligation to do so.

 

ICON’s Other Advantages

ICON wallets have access to a Decentralized Exchange (DEX) that facilitates currency transfers and exchanges without relying on public exchanges such as Coinbase or Bittrex. Most major cryptocurrencies are already available.

icon crypto

The ICON blockchain uses a Loop Fault Tolerance (LFT) consensus algorithm. This is an enhanced version of the Byzantine Fault Tolerance (BFT) algorithm that enables faster transactions while eliminating forks in the blockchain. It allows nodes to form groups to determine how many votes each participant receives.

Growth Potential

The ICX token has great potential if it becomes the standard unit of exchange for even one major industry. For example, if Korean hospitals adopt it to manage transactions with insurance providers, those transactions alone would account for billions of dollars in annual transactions.

 

ICON’s developers are highly focused on the token’s practical use. The project is also led by an impressive team of advisors, including Don Tapscott (author Blockchain Revolution) and Jason Best (Forbes top 10 most influential, 2017).

ICON still has a long way yet to go, but it has legs to change the current business paradigm, one industry at a time.

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