Choosing the Right Blockchain Marketing Solution for Your Company
The majority of highly valuable blockchains were developed for particular purposes. There is no such thing as a blockchain that will satisfy all of your needs. Sedans and pickup trucks, including automobiles, were made for various purposes.
When selecting a forum, it’s important to consider the customer’s expectations and product specifications.
Due to social media interactions, we need a blockchain that can handle our high-frequency transaction requirements. We also need a platform that is fast, inexpensive, scalable, reliable, cost-effective, and easy to build. In essence, we need something with a high practicality ranking.
Calculating and storing data on the Ethereum blockchain can be very costly. It would become troublesome with the amount of transactions that nodis.io will theoretically handle. NEO, on the other hand, has a one-time Smart Contract call fee of 0.0001 GAS (the NEO blockchain’s equivalent of gas for platform operation) and no data storage fee. And if we reach 1 million transactions, it will only cost 100 GAS (or $629 USD at today’s exchange rate).
Some of the other benefits of NEO that we believe would be beneficial to nodis.io are described below:
Smart Economy — The NEO blockchain was built with trades and the economy in mind. Its aim is to convert any physical assets into digital files. Every consumer has a digital identity that allows the owners to be identified. This is vital for legal enforcement as well as ownership legitimacy.
High Transactions per Second (TPS) — Because of the group validation feature, NODIS.io has the ability to produce a large number of transactions. A blockchain with a high TPS is required. Bitcoin can do 3–4 transactions per second, Ethereum about 15, and NEO is currently at 1,000 with a potential of 10,000 transactions per second. The Ethereum Sharding project is well-known, but it may not be introduced until 2020.
Storage is currently free. As previously stated, although each transaction costs 0.0001 GAS, there is no charge for storage.
Delegated Byzantine Fault Tolerance (dBFT) Consensus Mechanism — NEO employs the Delegated Byzantine Fault Tolerance (dBFT) consensus mechanism. It enables the group to choose who will serve as the consensus node (bookkeeper). When two-thirds of the voting participants agree with the consensus node’s version of the blockchain, a consensus is reached. This process enables faster validations with less resource consumption, resulting in increased scalability.
Finality — NEO’s dBFT consensus mechanism makes forking virtually impossible. The decision will be upheld as long as the majority node has 66 percent of the vote. If the group is not in agreement with the consensus node.
Flexibility of Coding Languages — NEO supports C#, Java, Python, and Go programming languages.
If you have any questions don’t hesitate to ask them and if you want training or advice don’t hesitate to consult our services in https://shellboxes.com
