After the ICO boom of 2017, Ethereum is under a greater threat from its competitors in the smart contract space.

There are a number of advantages that NEO holds over Ethereum at present. These include:

Developers of smart contracts can create using more common programming languages on NEO. By contrast, Ethereum uses a relatively new programming language.

Can NEO Overcome Ethereum?

 when it comes to transactions per second NEO edges Ethereum. While Ethereum ETH has a limit of 15 transactions per second, NEO has a limit of circa 33 transactions per second (“TPS”).

In reality, however, both Coins fall well short of the “TPS” levels needed to become an outright leader.

There is no doubt that in some aspects, the technology of NEO is superior to that of Ethereum. Ethereum, however, is a more established and well-known platform. That’s a hard competition for NEO.

When we consider blockchain technology limitations that Ethereum is now experiencing as a result of the Defi boom, however, the door is ajar for NEO.

NEO Coin has begun to hit the crypto news wires once more. With NEO smart contracts being a key facet of Decentralized Finance (“Defi), a number of protocols have already adopted NEO.

Taking advantage of Ethereum’s capacity issues will be key, however.

More importantly, will be exchange support for protocols that adopt NEO’s blockchain in Defi.

With the ICO market showing little activity, the anticipated growth in the Defi space places NEO in a promising position.

ETH consolidating upsurge before the next higher push

Dash price has been on a steady upward trend