The score reflects the overall worthiness of the blockchain's ecosystem, as determined by regular monitoring and collective reviewing of the ecosystem.
Ecosystem score decreases with respect to Foundation tools score.
Data transfer from Protocol support to Add-ons, Hence score increased.
Foundation tools score decreases due to addition of doesn't exist programming language.
The score depicts the network's performance rating based on metrics like avg TPS, nodes, gas fees, and uptime.
|PERFORMANCE MATRIX||VALUE||MONITORED AT|
|Reddit Total Members Online||408 members|
|Reddit Total Members||117,000 members|
|Discord Total Subscribers Online||792 subscribers|
|Discord Total Subscribers||8,051 subscribers|
|Telegram Err||49 err|
|Telegram Ppm||1 ppm|
|Telegram Views Per Post||1 views|
|Telegram Total Subscribers Online||197 subscribers|
|Telegram Total Subscribers||3,117 subscribers|
|Node Count||152 nodes|
The score represents the development support the protocol offers to developers in terms of tools and resources.
he score is derived by considering the documentation support offered by the protocol to help developers better understand the protocol's ecosystem.
The score reflects the protocol's progressiveness in allocating funds to support the developers who are building on top of the blockchain.
The score reflects how equipped is the protocol's ecosystem with add-on tools like code editors, IDEs and security
THIRD PARTY SERVICES
THIRD PARTY SERVICES
The score reflects the protocol's ability to provide third-party services such as Oracle integration, API management, and cloud services.
THIRD PARTY SERVICES
It reflects how well the protocol's support system works in terms of communication tools, DAO rating, development community size, and stack exchange, among other things.
It indicates how widely the protocol has been adopted in the industry, taking into account aspects such as the
number of developers that are using it and the number of transactional values.
The score depicts the protocol's overall responsiveness toward its members in online communities like Discord,
Telegram, Slack, Linkedin, etc.
Consensus algorithms are the core of blockchain technology as they determine the scalability and security of blockchain platforms. There are various consensus algorithms like the Proof-of-Work and Proof-of-Stake that power blockchain networks by enabling them to reach consensus regarding transactions.
dBFT is one such consensus algorithm that supports the blockchain networks in combating unreliable participants throughout a network by establishing a modular and smart economy. It was built by the NEO platform and the mechanism of the NEO blockchain is completely based on the dBFT consensus algorithm. NEO blockchain is an Ethereum substitute of Chinese origin.
NEO is an open-source and decentralized blockchain platform that is handled by a Chinese community. NEO powers helps automate and digitize the process of asset management through smart contracts. It includes several in-house components like oracles, decentralized storage and the domain name service to provide the groundwork for the next-gen Internet.
NEO is one of the pioneers in the blockchain space that has adopted a dual token model. It is also the first-ever blockchain platform to return the complete initial amount earned to the NEO participants at the time of its first token sale, as it had enough revenue to be self-sufficient.
NEO’s architecture consists of various management models
- Economic Model
- NEO blockchain has two unique native tokens namely NEO and GAS. The permission to operate on the network is granted by NEO which has approximately 100 million tokens. The NEO blockchain network charges for smart contracts' and tokens' storage and operation, providing benefits to all the consensus nodes and reducing resource abuse.
- Distribution Mechanism
- NEO’s 100 million native tokens are divided into two parts. The first half consists of 50 million tokens rewarded equally to all the NEO promoters at the time of campaigning. The second half comprises 50 million NEO tokens taken care of by the NEO Council to help NEO in its development and degradation.
- Governance Mechanism
- All the NEO token holders are the network owners and are free to administer the network via voting on the network and using GAS tokens for all the platform’s services.
NEO’s consensus algorithm
NEO blockchain network functions on the basis of the dBFT consensus algorithm. It is a Byzantine Fault-Tolerant consensus technique that powers the large-scale blockchain processes to be done via proxy voting. The owner of the NEO can then select the consensus node for voting. With the help of the Byzantine Fault Tolerant process, the chosen set of consensus nodes develop a consensus and produce fresh blocks. The process of voting on the NEO platform happens spontaneously without a pre-set schedule.
Key features of NEO
- Single block finality with dBFT consensus.
- In-built oracle for secure off-chain data access.
- Cross-chain interoperability.
- Dual token model.
- Community-run blockchain: By the people for the people.
Founders of NEO
- Da Hongfei
- Erik Zhang
Popular use cases of NEO
- NeoBurger dApp
- Humswap NFT & DeFi platform
- Flamingo Finance DeFi protocol