NEO is a Chinese crypto currency, which imitates Ethereum in large parts with its blockchain ecology. It offers Smart Contracts and Distributed Apps and is currently still mainly represented on the Chinese crypto market.
NEO emerged from its predecessor Antshares in 2016. It is a Chinese version (or, according to some critics, a shameless copy) of Ethereum.
NEO compared to Ethereum
The design of NEO is very close to the Ethereum model: Smart Contracts, which enable a wide range of financial and other transactions, are attached to the blockchain. These transactions are carried out by Distributed Apps (dApps), which in turn are executed by a virtual platform, the NeoVM - Neo Virtual Machine.
A short-term advantage of NEO over Ethereum is the programming language used. Instead of creating its own programming language called "Solidity" like Ethereum, NEO uses the well-known languages Java and C#. In the short term, this opens the way for a broader field of programmers to start programming Smart Contracts, but in the medium term, Solidity can be used to map various issues much more efficiently and securely.
NEO can currently handle around 10,000 transactions per second, while Ethereum can only handle around 15 transactions per second. However, the Ethereum team is currently working intensively on its own PoS algorithm and other scaling solutions.
How does consensus work at NEO?
To achieve consensus (what happened and what didn't?), NEO does not use a proof of work algorithm, but DBFT (Delegated Byzantine Fault Tolerance), a special form of proof of stack algorithm.
Delegated Byzantine Fault Tolerance
The "Byzantine fault" in the blockchain area is an error in which a functioning node acts dishonestly. "Delegated Byzantine Fault Tolerance is the consensus algorithm used in the NEO blockchain to ensure fault tolerance and bypass this problem. In order to understand the consensus mechanism of NEO more easily, it is a good idea to deal with the so-called Byzantine error.
What happens if the randomly selected node deliberately makes a false proposal?
The proposal is simply rejected because more than 66% of the other nodes do not calculate the same hash value as the proposed value.
What happens if several nodes deliberately reject the correct proposed consensus?
In this case, it is important to distinguish whether more than 33% reject the consensus or not. If more than 33% reject the consensus, it is rejected and a new node is randomly determined. If less than 33% reject the proposal, it will be accepted. In this case, for example, you can identify particularly trustworthy and less trustworthy nodes by paying attention to the number of wrong votes.
Trade NEO - NEO Markets, Exchanges, Broker
NEO is a Chinese crypto currency, which imitates Ethereum in large parts with its blockchain ecology. It offers Smart Contracts and Distributed Apps and is currently still mainly represented on the Chinese crypto market.
NEO emerged from its predecessor Antshares in 2016. It is a Chinese version (or, according to some critics, a shameless copy) of Ethereum.
NEO compared to Ethereum
The design of NEO is very close to the Ethereum model: Smart Contracts, which enable a wide range of financial and other transactions, are attached to the blockchain. These transactions are carried out by Distributed Apps (dApps), which in turn are executed by a virtual platform, the NeoVM - Neo Virtual Machine.
A short-term advantage of NEO over Ethereum is the programming language used. Instead of creating its own programming language called "Solidity" like Ethereum, NEO uses the well-known languages Java and C#. In the short term, this opens the way for a broader field of programmers to start programming Smart Contracts, but in the medium term, Solidity can be used to map various issues much more efficiently and securely.
NEO can currently handle around 10,000 transactions per second, while Ethereum can only handle around 15 transactions per second. However, the Ethereum team is currently working intensively on its own PoS algorithm and other scaling solutions.
How does consensus work at NEO?
To achieve consensus (what happened and what didn't?), NEO does not use a proof of work algorithm, but DBFT (Delegated Byzantine Fault Tolerance), a special form of proof of stack algorithm.
Delegated Byzantine Fault Tolerance
The "Byzantine fault" in the blockchain area is an error in which a functioning node acts dishonestly. "Delegated Byzantine Fault Tolerance is the consensus algorithm used in the NEO blockchain to ensure fault tolerance and bypass this problem. In order to understand the consensus mechanism of NEO more easily, it is a good idea to deal with the so-called Byzantine error.
What happens if the randomly selected node deliberately makes a false proposal?
The proposal is simply rejected because more than 66% of the other nodes do not calculate the same hash value as the proposed value.
What happens if several nodes deliberately reject the correct proposed consensus?
In this case, it is important to distinguish whether more than 33% reject the consensus or not. If more than 33% reject the consensus, it is rejected and a new node is randomly determined. If less than 33% reject the proposal, it will be accepted. In this case, for example, you can identify particularly trustworthy and less trustworthy nodes by paying attention to the number of wrong votes.
Trade NEO - NEO Markets, Exchanges, Broker
NEO is a Chinese crypto currency, which imitates Ethereum in large parts with its blockchain ecology. It offers Smart Contracts and Distributed Apps and is currently still mainly represented on the Chinese crypto market.
NEO emerged from its predecessor Antshares in 2016. It is a Chinese version (or, according to some critics, a shameless copy) of Ethereum.
NEO compared to Ethereum
The design of NEO is very close to the Ethereum model: Smart Contracts, which enable a wide range of financial and other transactions, are attached to the blockchain. These transactions are carried out by Distributed Apps (dApps), which in turn are executed by a virtual platform, the NeoVM - Neo Virtual Machine.
A short-term advantage of NEO over Ethereum is the programming language used. Instead of creating its own programming language called "Solidity" like Ethereum, NEO uses the well-known languages Java and C#. In the short term, this opens the way for a broader field of programmers to start programming Smart Contracts, but in the medium term, Solidity can be used to map various issues much more efficiently and securely.
NEO can currently handle around 10,000 transactions per second, while Ethereum can only handle around 15 transactions per second. However, the Ethereum team is currently working intensively on its own PoS algorithm and other scaling solutions.
How does consensus work at NEO?
To achieve consensus (what happened and what didn't?), NEO does not use a proof of work algorithm, but DBFT (Delegated Byzantine Fault Tolerance), a special form of proof of stack algorithm.
Delegated Byzantine Fault Tolerance
The "Byzantine fault" in the blockchain area is an error in which a functioning node acts dishonestly. "Delegated Byzantine Fault Tolerance is the consensus algorithm used in the NEO blockchain to ensure fault tolerance and bypass this problem. In order to understand the consensus mechanism of NEO more easily, it is a good idea to deal with the so-called Byzantine error.
What happens if the randomly selected node deliberately makes a false proposal?
The proposal is simply rejected because more than 66% of the other nodes do not calculate the same hash value as the proposed value.
What happens if several nodes deliberately reject the correct proposed consensus?
In this case, it is important to distinguish whether more than 33% reject the consensus or not. If more than 33% reject the consensus, it is rejected and a new node is randomly determined. If less than 33% reject the proposal, it will be accepted. In this case, for example, you can identify particularly trustworthy and less trustworthy nodes by paying attention to the number of wrong votes.
Trade NEO - NEO Markets, Exchanges, Broker
NEO is a Chinese crypto currency, which imitates Ethereum in large parts with its blockchain ecology. It offers Smart Contracts and Distributed Apps and is currently still mainly represented on the Chinese crypto market.
NEO emerged from its predecessor Antshares in 2016. It is a Chinese version (or, according to some critics, a shameless copy) of Ethereum.
NEO compared to Ethereum
The design of NEO is very close to the Ethereum model: Smart Contracts, which enable a wide range of financial and other transactions, are attached to the blockchain. These transactions are carried out by Distributed Apps (dApps), which in turn are executed by a virtual platform, the NeoVM - Neo Virtual Machine.
A short-term advantage of NEO over Ethereum is the programming language used. Instead of creating its own programming language called "Solidity" like Ethereum, NEO uses the well-known languages Java and C#. In the short term, this opens the way for a broader field of programmers to start programming Smart Contracts, but in the medium term, Solidity can be used to map various issues much more efficiently and securely.
NEO can currently handle around 10,000 transactions per second, while Ethereum can only handle around 15 transactions per second. However, the Ethereum team is currently working intensively on its own PoS algorithm and other scaling solutions.
How does consensus work at NEO?
To achieve consensus (what happened and what didn't?), NEO does not use a proof of work algorithm, but DBFT (Delegated Byzantine Fault Tolerance), a special form of proof of stack algorithm.
Delegated Byzantine Fault Tolerance
The "Byzantine fault" in the blockchain area is an error in which a functioning node acts dishonestly. "Delegated Byzantine Fault Tolerance is the consensus algorithm used in the NEO blockchain to ensure fault tolerance and bypass this problem. In order to understand the consensus mechanism of NEO more easily, it is a good idea to deal with the so-called Byzantine error.
What happens if the randomly selected node deliberately makes a false proposal?
The proposal is simply rejected because more than 66% of the other nodes do not calculate the same hash value as the proposed value.
What happens if several nodes deliberately reject the correct proposed consensus?
In this case, it is important to distinguish whether more than 33% reject the consensus or not. If more than 33% reject the consensus, it is rejected and a new node is randomly determined. If less than 33% reject the proposal, it will be accepted. In this case, for example, you can identify particularly trustworthy and less trustworthy nodes by paying attention to the number of wrong votes.
Trade NEO - NEO Markets, Exchanges, Broker
NEO is a Chinese crypto currency, which imitates Ethereum in large parts with its blockchain ecology. It offers Smart Contracts and Distributed Apps and is currently still mainly represented on the Chinese crypto market.
NEO emerged from its predecessor Antshares in 2016. It is a Chinese version (or, according to some critics, a shameless copy) of Ethereum.
NEO compared to Ethereum
The design of NEO is very close to the Ethereum model: Smart Contracts, which enable a wide range of financial and other transactions, are attached to the blockchain. These transactions are carried out by Distributed Apps (dApps), which in turn are executed by a virtual platform, the NeoVM - Neo Virtual Machine.
A short-term advantage of NEO over Ethereum is the programming language used. Instead of creating its own programming language called "Solidity" like Ethereum, NEO uses the well-known languages Java and C#. In the short term, this opens the way for a broader field of programmers to start programming Smart Contracts, but in the medium term, Solidity can be used to map various issues much more efficiently and securely.
NEO can currently handle around 10,000 transactions per second, while Ethereum can only handle around 15 transactions per second. However, the Ethereum team is currently working intensively on its own PoS algorithm and other scaling solutions.
How does consensus work at NEO?
To achieve consensus (what happened and what didn't?), NEO does not use a proof of work algorithm, but DBFT (Delegated Byzantine Fault Tolerance), a special form of proof of stack algorithm.
Delegated Byzantine Fault Tolerance
The "Byzantine fault" in the blockchain area is an error in which a functioning node acts dishonestly. "Delegated Byzantine Fault Tolerance is the consensus algorithm used in the NEO blockchain to ensure fault tolerance and bypass this problem. In order to understand the consensus mechanism of NEO more easily, it is a good idea to deal with the so-called Byzantine error.
What happens if the randomly selected node deliberately makes a false proposal?
The proposal is simply rejected because more than 66% of the other nodes do not calculate the same hash value as the proposed value.
What happens if several nodes deliberately reject the correct proposed consensus?
In this case, it is important to distinguish whether more than 33% reject the consensus or not. If more than 33% reject the consensus, it is rejected and a new node is randomly determined. If less than 33% reject the proposal, it will be accepted. In this case, for example, you can identify particularly trustworthy and less trustworthy nodes by paying attention to the number of wrong votes.
Trade NEO - NEO Markets, Exchanges, Broker
NEO is a Chinese crypto currency, which imitates Ethereum in large parts with its blockchain ecology. It offers Smart Contracts and Distributed Apps and is currently still mainly represented on the Chinese crypto market.
NEO emerged from its predecessor Antshares in 2016. It is a Chinese version (or, according to some critics, a shameless copy) of Ethereum.
NEO compared to Ethereum
The design of NEO is very close to the Ethereum model: Smart Contracts, which enable a wide range of financial and other transactions, are attached to the blockchain. These transactions are carried out by Distributed Apps (dApps), which in turn are executed by a virtual platform, the NeoVM - Neo Virtual Machine.
A short-term advantage of NEO over Ethereum is the programming language used. Instead of creating its own programming language called "Solidity" like Ethereum, NEO uses the well-known languages Java and C#. In the short term, this opens the way for a broader field of programmers to start programming Smart Contracts, but in the medium term, Solidity can be used to map various issues much more efficiently and securely.
NEO can currently handle around 10,000 transactions per second, while Ethereum can only handle around 15 transactions per second. However, the Ethereum team is currently working intensively on its own PoS algorithm and other scaling solutions.
How does consensus work at NEO?
To achieve consensus (what happened and what didn't?), NEO does not use a proof of work algorithm, but DBFT (Delegated Byzantine Fault Tolerance), a special form of proof of stack algorithm.
Delegated Byzantine Fault Tolerance
The "Byzantine fault" in the blockchain area is an error in which a functioning node acts dishonestly. "Delegated Byzantine Fault Tolerance is the consensus algorithm used in the NEO blockchain to ensure fault tolerance and bypass this problem. In order to understand the consensus mechanism of NEO more easily, it is a good idea to deal with the so-called Byzantine error.
What happens if the randomly selected node deliberately makes a false proposal?
The proposal is simply rejected because more than 66% of the other nodes do not calculate the same hash value as the proposed value.
What happens if several nodes deliberately reject the correct proposed consensus?
In this case, it is important to distinguish whether more than 33% reject the consensus or not. If more than 33% reject the consensus, it is rejected and a new node is randomly determined. If less than 33% reject the proposal, it will be accepted. In this case, for example, you can identify particularly trustworthy and less trustworthy nodes by paying attention to the number of wrong votes.
Trade NEO - NEO Markets, Exchanges, Broker
NEO is a Chinese crypto currency, which imitates Ethereum in large parts with its blockchain ecology. It offers Smart Contracts and Distributed Apps and is currently still mainly represented on the Chinese crypto market.
NEO emerged from its predecessor Antshares in 2016. It is a Chinese version (or, according to some critics, a shameless copy) of Ethereum.
NEO compared to Ethereum
The design of NEO is very close to the Ethereum model: Smart Contracts, which enable a wide range of financial and other transactions, are attached to the blockchain. These transactions are carried out by Distributed Apps (dApps), which in turn are executed by a virtual platform, the NeoVM - Neo Virtual Machine.
A short-term advantage of NEO over Ethereum is the programming language used. Instead of creating its own programming language called "Solidity" like Ethereum, NEO uses the well-known languages Java and C#. In the short term, this opens the way for a broader field of programmers to start programming Smart Contracts, but in the medium term, Solidity can be used to map various issues much more efficiently and securely.
NEO can currently handle around 10,000 transactions per second, while Ethereum can only handle around 15 transactions per second. However, the Ethereum team is currently working intensively on its own PoS algorithm and other scaling solutions.
How does consensus work at NEO?
To achieve consensus (what happened and what didn't?), NEO does not use a proof of work algorithm, but DBFT (Delegated Byzantine Fault Tolerance), a special form of proof of stack algorithm.
Delegated Byzantine Fault Tolerance
The "Byzantine fault" in the blockchain area is an error in which a functioning node acts dishonestly. "Delegated Byzantine Fault Tolerance is the consensus algorithm used in the NEO blockchain to ensure fault tolerance and bypass this problem. In order to understand the consensus mechanism of NEO more easily, it is a good idea to deal with the so-called Byzantine error.
What happens if the randomly selected node deliberately makes a false proposal?
The proposal is simply rejected because more than 66% of the other nodes do not calculate the same hash value as the proposed value.
What happens if several nodes deliberately reject the correct proposed consensus?
In this case, it is important to distinguish whether more than 33% reject the consensus or not. If more than 33% reject the consensus, it is rejected and a new node is randomly determined. If less than 33% reject the proposal, it will be accepted. In this case, for example, you can identify particularly trustworthy and less trustworthy nodes by paying attention to the number of wrong votes.
Trade NEO - NEO Markets, Exchanges, Broker
NEO is a Chinese crypto currency, which imitates Ethereum in large parts with its blockchain ecology. It offers Smart Contracts and Distributed Apps and is currently still mainly represented on the Chinese crypto market.
NEO emerged from its predecessor Antshares in 2016. It is a Chinese version (or, according to some critics, a shameless copy) of Ethereum.
NEO compared to Ethereum
The design of NEO is very close to the Ethereum model: Smart Contracts, which enable a wide range of financial and other transactions, are attached to the blockchain. These transactions are carried out by Distributed Apps (dApps), which in turn are executed by a virtual platform, the NeoVM - Neo Virtual Machine.
A short-term advantage of NEO over Ethereum is the programming language used. Instead of creating its own programming language called "Solidity" like Ethereum, NEO uses the well-known languages Java and C#. In the short term, this opens the way for a broader field of programmers to start programming Smart Contracts, but in the medium term, Solidity can be used to map various issues much more efficiently and securely.
NEO can currently handle around 10,000 transactions per second, while Ethereum can only handle around 15 transactions per second. However, the Ethereum team is currently working intensively on its own PoS algorithm and other scaling solutions.
How does consensus work at NEO?
To achieve consensus (what happened and what didn't?), NEO does not use a proof of work algorithm, but DBFT (Delegated Byzantine Fault Tolerance), a special form of proof of stack algorithm.
Delegated Byzantine Fault Tolerance
The "Byzantine fault" in the blockchain area is an error in which a functioning node acts dishonestly. "Delegated Byzantine Fault Tolerance is the consensus algorithm used in the NEO blockchain to ensure fault tolerance and bypass this problem. In order to understand the consensus mechanism of NEO more easily, it is a good idea to deal with the so-called Byzantine error.
What happens if the randomly selected node deliberately makes a false proposal?
The proposal is simply rejected because more than 66% of the other nodes do not calculate the same hash value as the proposed value.
What happens if several nodes deliberately reject the correct proposed consensus?
In this case, it is important to distinguish whether more than 33% reject the consensus or not. If more than 33% reject the consensus, it is rejected and a new node is randomly determined. If less than 33% reject the proposal, it will be accepted. In this case, for example, you can identify particularly trustworthy and less trustworthy nodes by paying attention to the number of wrong votes.
Trade NEO - NEO Markets, Exchanges, Broker
NEO is a Chinese crypto currency, which imitates Ethereum in large parts with its blockchain ecology. It offers Smart Contracts and Distributed Apps and is currently still mainly represented on the Chinese crypto market.
NEO emerged from its predecessor Antshares in 2016. It is a Chinese version (or, according to some critics, a shameless copy) of Ethereum.
NEO compared to Ethereum
The design of NEO is very close to the Ethereum model: Smart Contracts, which enable a wide range of financial and other transactions, are attached to the blockchain. These transactions are carried out by Distributed Apps (dApps), which in turn are executed by a virtual platform, the NeoVM - Neo Virtual Machine.
A short-term advantage of NEO over Ethereum is the programming language used. Instead of creating its own programming language called "Solidity" like Ethereum, NEO uses the well-known languages Java and C#. In the short term, this opens the way for a broader field of programmers to start programming Smart Contracts, but in the medium term, Solidity can be used to map various issues much more efficiently and securely.
NEO can currently handle around 10,000 transactions per second, while Ethereum can only handle around 15 transactions per second. However, the Ethereum team is currently working intensively on its own PoS algorithm and other scaling solutions.
How does consensus work at NEO?
To achieve consensus (what happened and what didn't?), NEO does not use a proof of work algorithm, but DBFT (Delegated Byzantine Fault Tolerance), a special form of proof of stack algorithm.
Delegated Byzantine Fault Tolerance
The "Byzantine fault" in the blockchain area is an error in which a functioning node acts dishonestly. "Delegated Byzantine Fault Tolerance is the consensus algorithm used in the NEO blockchain to ensure fault tolerance and bypass this problem. In order to understand the consensus mechanism of NEO more easily, it is a good idea to deal with the so-called Byzantine error.
What happens if the randomly selected node deliberately makes a false proposal?
The proposal is simply rejected because more than 66% of the other nodes do not calculate the same hash value as the proposed value.
What happens if several nodes deliberately reject the correct proposed consensus?
In this case, it is important to distinguish whether more than 33% reject the consensus or not. If more than 33% reject the consensus, it is rejected and a new node is randomly determined. If less than 33% reject the proposal, it will be accepted. In this case, for example, you can identify particularly trustworthy and less trustworthy nodes by paying attention to the number of wrong votes.
Trade NEO - NEO Markets, Exchanges, Broker
NEO is a Chinese crypto currency, which imitates Ethereum in large parts with its blockchain ecology. It offers Smart Contracts and Distributed Apps and is currently still mainly represented on the Chinese crypto market.
NEO emerged from its predecessor Antshares in 2016. It is a Chinese version (or, according to some critics, a shameless copy) of Ethereum.
NEO compared to Ethereum
The design of NEO is very close to the Ethereum model: Smart Contracts, which enable a wide range of financial and other transactions, are attached to the blockchain. These transactions are carried out by Distributed Apps (dApps), which in turn are executed by a virtual platform, the NeoVM - Neo Virtual Machine.
A short-term advantage of NEO over Ethereum is the programming language used. Instead of creating its own programming language called "Solidity" like Ethereum, NEO uses the well-known languages Java and C#. In the short term, this opens the way for a broader field of programmers to start programming Smart Contracts, but in the medium term, Solidity can be used to map various issues much more efficiently and securely.
NEO can currently handle around 10,000 transactions per second, while Ethereum can only handle around 15 transactions per second. However, the Ethereum team is currently working intensively on its own PoS algorithm and other scaling solutions.
How does consensus work at NEO?
To achieve consensus (what happened and what didn't?), NEO does not use a proof of work algorithm, but DBFT (Delegated Byzantine Fault Tolerance), a special form of proof of stack algorithm.
Delegated Byzantine Fault Tolerance
The "Byzantine fault" in the blockchain area is an error in which a functioning node acts dishonestly. "Delegated Byzantine Fault Tolerance is the consensus algorithm used in the NEO blockchain to ensure fault tolerance and bypass this problem. In order to understand the consensus mechanism of NEO more easily, it is a good idea to deal with the so-called Byzantine error.
What happens if the randomly selected node deliberately makes a false proposal?
The proposal is simply rejected because more than 66% of the other nodes do not calculate the same hash value as the proposed value.
What happens if several nodes deliberately reject the correct proposed consensus?
In this case, it is important to distinguish whether more than 33% reject the consensus or not. If more than 33% reject the consensus, it is rejected and a new node is randomly determined. If less than 33% reject the proposal, it will be accepted. In this case, for example, you can identify particularly trustworthy and less trustworthy nodes by paying attention to the number of wrong votes.