Hello Steemians!

Today we compare two projects: NEO and Ethereum. Both are platforms which we can use to create decentralized applications based on Smart Contracts. NEO (formerly known as AntShares) is not as popular as Ethereum (yet), but their technology is really advanced. In this post, we show the difference between this platforms. We have to choose a platform for our project, so we will appreciate your opinion. Which one will be better in your opinion?

Few words about Ethereum

Currently Ethereum is the most popular platform for creating smart contracts. Smart contract is the description of specific computer code that can facilitate the exchange of money, content, property, share or basically anything of value. It automatically executes when specific conditions are met. Because smart contracts run on blockchain they run exactly as programmed - there’s no possibility to change them meanwhile.

Ethereum gives the opportunity to developers to build and deploy decentralized applications, also called Dapps. They are made up of code that runs on a blockchain network, which cannot be controlled by any individual or central entity. Actually any centralized service can be decentralized using Ethereum. In order to program apps in Ethereum platform you have to get on well with Solidity, which is a high-level language whose syntax is similar to that of JavaScript.

Ethereum can also be used to build Decentralized Autonomous Organizations (DAO). A DAO is fully autonomous, decentralized organization without a single leader. It run by a code, which consists of many smart contracts written on Ethereum blockchain. The code eliminates the need of control like in traditions organizations.

Few words about NEO

Neo is game changer in creating decentralized applications, because this platform allows programming in common languages like C#, Java or Go. It means programmers don't have to learn any unique language like Solidity which is necessary to make Ethereum based projects.

Neo is Chinese platform and they even have support from Chinese government. They are also supported by solid partnerships, with Microsoft, Alibaba, Wings, Bancor, Coindash, etc. It's one of the reasons of rapid growths.

They created their own consensus algorithm, called distributed Byzantine fault tolerance or dBFT. This algorithm is more energy efficient than proof-or-work or proof-of-stake models. Really interesting fact is average block time on NEO is 120 times less than on Ethereum network and 6000 times less than on Bitcoin network.