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RE: NEO Will Soon Go Through Decentralization Process. Elections Will Be Starting Soon. Similar To How Steem & EOS Work With Some Differences.

in #neo7 years ago

Just wanted to mention that both EOS, Steem and NEO are all using delegated proof stake to transaction blocks Ethereum currently uses proof of work similar to Bitcoin but plans to transition into a full proof of stake version with sharding and algo known as Casper (a form of POS). Coins like Dash and SmartCash use POW to secure blocks but have a 2nd tier system built out to do special functions such as instant send, voting, staking rewards payouts for holding and the big one is for funding. Dash and Smartcash have self funding built into the block rewards, which gives them large budgets to develop and market community. Even in severe down turn lately Dash has something like $3 million a month to work with.