Topic: | NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug10 - page 162. (Read 241286 times)

Good write-up. Thanks for that.

It explains NEO better than I can, so I just give my friends a link to your page 

great and interesting project, i hope thia will have a big success in the near future. goodluc dev/team.

Some good points that address critiques of $NEO have gained traction on Reddit recently -@ByteSizeCapital on Twitter
 fairytailzz

https://www.reddit.com/r/NEO/comments/7rwwsk/some_good_points_that_address_critiques_of_neo/


Credits to @ByteSizeCapital
This is his twitter account: https://twitter.com/ByteSizeCapital
source: https://twitter.com/ByteSizeCapital/status/954845409905541120
Recently, the following critiques of $NEO have gained traction on Twitter & Reddit without appropriate response:
1) NEO's consensus network is and always will be centralised 2) Consensus nodes need to be centrally approval 3) The number of consensus nodes is too small.
https://pbs.twimg.com/media/DUBJMg2UMAAEKka.jpg
https://pbs.twimg.com/media/DUBJNmCUMAA0_El.jpg

We'll start with NEO's consensus algorithm Delegated Byzantine Fault Tolerance (dBFT).
dBFT shares similiarities with dPoS:
1) Consensus nodes are elected by $NEO holders (1 NEO = 1 vote) 2) Consensus is achieved when >66% of all CNs agree on the next block.
https://pbs.twimg.com/media/DUBNl-kVMAA82HD.jpg
https://pbs.twimg.com/media/DUBNmCgX0AA0l-m.jpg

BFT & PoW consensus algorithms each come with their own advantages and disadvantages, summarised in the comparison table. The important differences are in:
Node identity management
Scalability (no. of nodes)
Performance (throughput).
https://pbs.twimg.com/media/DUBPcZdUMAAJZAw.jpg
https://pbs.twimg.com/media/DUBPcc5VwAANSaR.jpg

In a PoW blockchain, nodes do not need to "know" each other - anyone can download the mining software and participate in network validation.
PoW consensus is characterised by competition - nodes race to find the unique solution to the hash/nonce calculation.
Because of the competition, the addition of nodes is trivial. Malicious nodes attempting to alter the blockchain need to complete the cumulative PoW to succeed.
In a BFT blockchain, nodes need to "know" each other - 66% of nodes must come to agreement on the next block.
BFT consensus is characterised by cooperation - nodes review transactions in the mempool & suggest the next block. There is no race.
Because of the cooperation, the addition of nodes is difficult. Malicious nodes will succeed if they comprise >66% of the network.

Building the network in a PoW blockchain is easy: persuade others to run your mining software. How? Some things I've noticed:
Claim your blockchain does not allow ASIC mining
Make a nice logo
Market your coin on http://bitcointalk.org
Memes
Call it "Bitcoin [X]".

Building the network in a BFT blockchain is not so easy: you must grow it carefully, ensuring at all times that >66% of nodes are benevolent.
At a critical mass, CNs in a BFT network are able to govern the addition of new nodes - alongside $NEO voters - in a distributed yet coordinated manner.
It is a republic, not a democracy: $NEO owners vote for nodes & existing CNs act as the distributed constitution.
https://pbs.twimg.com/media/DUBZ1ykUQAYayU2.jpg
https://pbs.twimg.com/media/DUBZ12SWAAUkuf8.jpg

Thus, a BFT network must start centralised and slowly decentralise. How?
1) Vote in trustworthy nodes via a central entity 2) Hold the nodes accountable until the network is large enough 3) Relinquish control of voting & establish a distributed "node constitution" mechanism.

Do the actions of $NEO Council make sense now?
1) Manually voting in corporate nodes like @KPN 2) Holding nodes legally accountable (temporary until critical mass) 3) Distributing the 50 million NEO held by NEO Council over a timeline in the form of strategic investments.
https://pbs.twimg.com/media/DUBeJfNUMAATnPo.jpg
https://pbs.twimg.com/media/DUBeJicVMAEH6rX.jpg

Finally, @coz_official & NEO Council are already working on developing the "node constitution" logic to be implemented once the BFT network is successfully bootstrapped to a certain critical mass.
This is the final step needed to truly decentralise $NEO.
https://pbs.twimg.com/media/DUBebOPVwAI4ji7.jpg

I hope I've brought to light the technical & operational complexity involved in building $NEO.
It's certainly not as easy as forking an existing codebase and changing a few parameters or hashing algorithms.
If the multi-year effort is successful, NEO will be a global, distributed, highly scaleable, high finality (unforkable) & high concurrency network powering Smart Economy.
Owning $NEO is literally owning a share of this network and all $GAS fees. I'm willing to take the risk.

PoW vs. BFT:
http://vukolic.com/iNetSec_2015.pdf

NEO Consensus:
http://docs.neo.org/en-us/node/consensus.html

NEO Coopetition:
https://medium.com/proof-of-working/decentralization-from-coopetition-b10d7ce3b9d

Good job buddy. Like your site. simple but informative.

I did my research about NEO and took notes in the way. Based on my notes, I wrote a short (2-3 min) review. Might be helpful for newcomers who want to understand the NEO a bit more.
https://longcaller.com/coin/neo.html

bitcoin.com- ver ,jihan and gang most likely have secret agenda to accumulate more neo i assume. They simply creating crap like that when they know money can be made.
because buying large amounts will create spike in price they trying do what they can to drop price to accumulate cheaper.
I would think they know something we dont and therefore they trying hard they can to spread this fud.

The FUD article is just laughable, this must be like the fifth time he writes an article trying to talk NEO down, while in turn supporting Qtum that has been founded and is being led by one of the greatest scammers of all time, Patrick Dai.

The Bittrex wallet is down for an upgrade + testing purposes of NEO 2.6.0:

https://twitter.com/madjules007/status/954913337376235520

Still think it is a smart think to do to HODL your NEO, will sell it when it hits about 1000 dollars.. Till that time i'm holding it in my neon wallet so I can collect gas

True, and also I tend to agree with Ron D's comment about that article / fudicle...

What is NEO? https://www.bitcoinbeginner.com/blog/what-is-neo

That is the pattern last few months (last mayor market dip excluded).
But pattern in general was different. Price always dropped before the weekend. So, I don't know, how this reflects really. I'm always zooming out, to see a "bigger picture".

If you zoom out, and see market corrections in annual basis, then, we can expect the similar, as this one in January, that it will happen around 25. May.. Also general market dip, for about 60%.

Non regarding to this.

NEO will be a giant in 2018.  I won't sell any of my NEO, untll price reaches $1000 mark ! 

So they've pumped BTC up again. There seems to be a bit of a pattern here. Pump it up, let the small folk buy over the weekend then dump it hard at the start of the week. Great for the big investors but if they keep doing it more and more people will be stuck at higher prices and will loose faith in BTC. What's your thoughts?

I also have to agree. Bittrex delisting NEO will be like them killing the goose that lays golden eggs.

For a minute, lets assume this is true. All Bittrex's NEO will be heading to Binance and Bitfinex and the folks at those two exchanges will be overjoyed like they won the lottery.

Bitcoin.com is known to broadcast news that suits their agenda so only read it as a bedtime storybook.

Neo Founder: Blockchain in China (Da Hong Fei)

http://video.genyoutube.net/tO2zu_SMjt4

NEO founder Da Hong Fei talks about the state of Blockchain in China, including updates on what is legal and what is illegal. On top of that, some updated features of NEO and the core features of NEO.
This talk was given at Blockchain Revolution Conference, hosted by Jibrel Network on 17th Jan 2018

Yesterday I saw an article titled The Twelve Constellation Coin, NEO is Capricorn, Steady, Forward and Tough is its label, NEO's hard work in real life can be reflected by its price, I think it is the minimum foam Anyway, I love NEO, cheer for the team running around under the line

Interview with Orbis CEO, Jason Chao

https://medium.com/@FYIcryptoz/interview-with-orbis-ceo-jason-chao-d65806e07bff


Let’s start with some basic information first, what is Orbis and what does it aim to do?
Taken directly from the whitepaper, the Orbis platform aims to establish a platform for both consumer and commercial developments in Bluetooth mesh by establishing pre-existing infrastructure and network for developers to deploy onto. The Orbis Token (OBT) will also be used initially to reward developers for successful releases as well as consumers for simply participating.

Alright, cool, but why NEO?
Why NEO over say ETH? Well, 15 vs 10k transactions per second, commitment to government compliance, stability against hardforks, and the superb community make a fair argument for me. Of course the next step for NEO is further decentralization — but perhaps Orbis can be a part of that and run a node.
Aside from their technology, just the NEO team’s foundational goal of a smart economy aligns quite well with mesh networking and its IoT and automation implementations.
The Orbis team has chosen to develop on the NEO: Smart Economy. NEO’s integration of common compilers and IDEs including C#, Java, C, C++, JavaScript, and Python for coding smart contracts allow for a much lower barrier to entry to Orbis’ repository.
The NEO team’s commitment to government compliance, anti-quantum cryptography NeoQS, and community-based governance as well as the fundamental alignment in the goal of a smart, connected, and digital economy are why Orbis will be developed on the NEO platform.

How is mesh networking relevant to the average consumer?......

Red Pulse will be speaking at the World Economic Forum 2018 Annual Meeting in Davos on January 23 - 24 on our new research ecosystem and blockchain trends

https://www.reddit.com/r/RedPulseToken/comments/7rpccj/red_pulse_will_be_speaking_at_the_world_economic/

https://twitter.com/hashtag/WorldEconomicForum?src=hash

Red Pulse CEO, Jonathan Ha, will be speaking at the World Economic Forum held in Davos, Switzerland on january 23-26 in 2018. The World Economic Forum, now in its 48th year, is the premier global platform for leaders in government, business, international organizations, academia, and civil service, to discuss world affairs and industry agendas. Jonathan will be among 2,500 participants from more than 100 countries, representing the world's influential figures, including heads of state and business leaders.
Jonathan will be speaking on blockchain trends, blockchain for China's Belt and Road, and the worldwide outlook on cryptocurrencies. The sessions are scheduled for January 23 and 24. Red Pulse will present its vision for a new research ecosystem for China to a global audience.

read and learn....

The difference between inflow and market cap and how it relates to Tethers.

http://jamescrypto.com/the-difference-between-inflow-and-market-cap-and-how-it-relates-to-tethers/

Has there been a date established for the blockchain conference? I heard it was sometime at the end of this month, has there been any confirmations yet?

Any details on NEX that is going to be on the NEO platform? What are some predictions on NEO's behavior during that ICO?