How does NEO compare to Ethereum in terms of scalability and transaction speed?

1 answers

• May 10, 2022 · 3 years ago
  When comparing NEO and Ethereum in terms of scalability and transaction speed, it's important to consider the different consensus mechanisms used by each platform. NEO's dBFT consensus mechanism allows for fast transaction processing and high scalability, making it suitable for applications that require high transaction throughput. On the other hand, Ethereum's PoW consensus mechanism provides a high level of security but has limitations in terms of scalability and transaction speed. However, Ethereum is actively working on solutions such as Ethereum 2.0 to address these limitations and improve scalability and transaction speed. Overall, both platforms have their own strengths and weaknesses in terms of scalability and transaction speed, and the choice between NEO and Ethereum depends on the specific requirements of the project or application.
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