Up and coming cryptocurrencies NEO, EOS and Stellar may be the new kids on the block, but they are already causing a stir in the market. In this article, we look at all three in more depth to understand just how much of a threat they pose to leading cryptos, Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) and why they should be on your list of cryptocurrencies to watch.

NEO (NEO)

WHAT IS NEO CRYPTOCURRENCY?

NEO is a non-profit, community-based blockchain designed to encourage the building of a scalable network of decentralized applications (dapps). The NEO ecosystem allows the rapid development of smart contracts using a wide range of programming languages. NEO cryptocurrency uses a delegated Byzantine Fault Tolerance consensus and can support up to 10,000 transactions per second. NEO has a large, and powerful, following including the Chinese government and Chinese e-commerce titan Alibaba.

NEO COIN ONE-YEAR PRICE PERFORMANCE

WHY IS NEO A CRYPTOCURRENCY TO WATCH?

NEO is regarded by many in the market as the ‘Chinese Ethereum’ due to its adoption and use in China. This gives the token heft and credibility, especially as NEO the company is in an open dialogue with the Chinese government over regulatory oversight. China is one of the largest Fin Tech markets in the world and NEO’s ease of use and programmer-friendly language support make it attractive to developers and users alike. NEO may suffer if China cracks down on cryptocurrencies – they have already banned ICOs – and its evolution, and vale will depend on whether it can become a serious competitor to market-leader Ethereum.

STELLAR (XLM)