Ethereum will sooner or later exceed Bitcoin, says NEO co-founder
NEO co-founder, Erik Zhang, recently shared his view on cryptocurrency market, NEO’s losing popularity and more. NEO had a market cap of over $10 billion in January 2018 but went half that amount and according to CoinMarketCap slipped to number 18 in 1 year.
Zhang, however, is not that concerned, in fact, in an interview with CCN he said that he hasn’t even checked the price of the coin.“I don’t care about NEO’s price and market capitalization at all,” he told CCN. “What’s the difference between the top 10 and the 18th?” he questions, “We are developing a blockchain project instead of playing a capital game. I just want to make this project even better.”
When Zhang was asked if he had any idea that the Bitcoin Cash hard fork will have such an effect on the crypto industry, he mentioned that he did not pay attention to the fluctuations. In fact he did not even “notice the BCH hard fork”. However, he believes that “industry has to weed out underperforming projects to achieve growth.”
Zhang even goes on to predict that sooner or later Ethereum will exceed Bitcoin to become the number one coin in the market. However, Ethereum will also be facing some tough competition from many other projects such as NEO.
What’s new with NEO?
While discussing about the future goals he said that they are aiming to have the ability to run some large-scale commercial applications. And, they believe to achieve this, two things are required. “The first is to improve NEO’s infrastructure so that it has higher tps and a more reliable dBFT consensus algorithm,” he explained. “After half a year of development, the improved NEO consensus algorithm dBFT is about to be completed. dBFT will become the best consensus mechanism for blockchains.”
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