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Why NEO Is My Favorite Coin



Bitcoin’s price point of $9,600 isn’t really bothering me too much anymore. I really don’t think we are going to be heading down to the $7,000s again, as we have opened so much access since then. Robinhood Exchange is now live in a handful of states. E-Trade is thinking of doing 24/7 trading to compete for cryptocurrency trader volume.

I don’t even think the world is ready to learn more than one cryptocurrency right now. All the pundits talk about is bitcoin, and many are predicting its eventual fall to zero. Our cohesive investment effort has annoyed the right people, and I just can’t imagine we will be waiting much longer to re-test some higher levels. One man’s opinion. I don’t own bitcoin, but I root like hell for it. You should too.

After doing my research, I am going to make a very rare statement and say that NEO is my favorite coin. If you followed me on Twitter for longer than 2 minutes you’d know Ethereum is the coin bundle of joy for me. But being a user of NEO is an experience. You earn dividends in GAS, NEON Wallet is a juggernaut, and their smart contracts contain everyone’s cozy coding languages so they don’t have to bother with learning new languages to do things. Let’s see what you think.


NEO was founded originally as AntShares in 2014, roughly around the same time Ethereum was coming out with its crowd sale (Summer 2014). That’s important to note. This is an extremely mature team. Their purpose was to create an Ethereum-like network that was built for public and corporate commerce and consumption.

The platform has quality DAPPs, smart contract functionality, and is much easier to work in, as all development languages are supported. The network fees are charged in GAS, a coin that is used as the base currency for doing business on the network. The NEO coin acts as voting shares within the network, where users also get paid an approx. 7.42% yield on each coin they own (payments are made in GAS).

The technology works on one blockchain, and operates using “Delegated Byzantine Fault Tolerance (dbFT)”, which is a way to rapidly verify transactions. This type of network system can support 10,000 transactions per second. I think we can call that scaled, right?


Da Hongfei: This name should give you goosebumps in five years. He is the founder and CEO of NEO, and a blockchain integration company in China called OnChain. OnChain was the blockchain pioneer in China, and it was Da Hongfei who brought it to Chinese business’ attention. He is now one of the most respected experts in blockchain adoption in China, a country of 1.37 billion that is trying to compete with the United States in everything from Iron Ore to Racquetball.

Notable Tech Highlights

GAS: The easiest way on the internet to stake. All you have to do is get the NEON Wallet application on your computer, store your coins on the wallet (get a Ledger Wallet to store it when you’re offline), and the GAS yield is automatically tracked and awarded. GAS has risen above $50, so both coins are extremely valuable.

NEON Wallet: This is my favorite wallet. It has a very sleek design, easily understandable, and you can participate in NEO-based ICOs directly on the wallet. MyEtherWallet is not close in terms of usability for a non-coding person like myself. They are trying to appeal to people like me, which is a great sign. Please download it for yourself and try to poke around, I think you’ll agree.

NeoFS: This is a storage system on NEO. Because AntShares/NEO was designed by OnChain, I believe this will be a true value add for someone who wants a one-stop-shop for blockchain, and not having to go to three different blockchains for their different types of uses. If you remember Stratis’ work with Microsoft on storage, we can now classify NEO as both Ethereum-like in network function, and Stratis-like in capability of high level storage.

NeoX: This is the integration mechanism to execute across all blockchains. This will grant the ability for companies that OnChain partners with to connect to public blockchains for sharing, but also making it one sided to protect the private chain information that it doesn’t want getting out. Are you seeing this? He is trying to create an entire blockchain ecosystem for the Chinese economy.


Government (tentative, of course)

The Kingdom of Thailand is going to have different needs than the People’s Republic of China. One very key difference is centralization. NEO is all on one chain, easily fork-able, and all transactions are recorded. They have said they want to be the ones to test identity verification, as their blockchain was designed for it. This is beginning to sound very government friendly. The Chinese government recently announced in its five-year plan that “integrating blockchain will become a priority.” Da Hongfei has already been working with government officials through the cryptocurrency ban to make sure that he has a seat at the table when they begin to slowly open the doors again. China will be much quicker to adopt blockchain if they can control it, and I think NEO has the capability to give them that type of control.


Because of the usability of NEON Wallet, I think there will be more ICOs launched on NEO. It is much easier for me as an investor to invest in an ICO directly from my wallet, with no mess in-between. I don’t invest in ICOs, but I know that this is sorely needed compared to the process people go through now. There are also compliance procedures. If there was a fraud coin, I am more confident that NEO’s team would step in before Ethereum’s (as we saw with the DAO). If all the offerings need to be bought in NEO or GAS, we now have a large buyer ecosystem.


I don’t think this is a full fledged partnership, but Microsoft Azure’s Song Qingjian spoke at NEO conference about their “Coco Framework,” which is using the same Delegated Byzantine Fault Tolerance (dbFT) that NEO uses within its blockchain framework. Stratis has worked with Microsoft Azure on its file cabinets, but not on its network. This could be a very interesting relationship when both networks have had some time to grow.


If you read my prior article on OMG, this is the exact same structure that I am beginning to love. It is my opinion that AntShares was created out of necessity to scale their blockchain solutions for OnChain’s customers. Just like Omise, I am relying on the parent company to do all of the selling for NEO.

OnChain has a product called DNA (Distributed Networks Architecture), which is for business system integration into blockchain. In other words, this is a simpler way to store information, automate processes through smart contracts, and of course, comply with government regulations in a much more transparent way.

OnChain is the reason why NEO is my favorite coin. They will be the ones designing and implementing Chinese commerce on blockchain. Unless another platform such as this comes along with even more oversight transparency, the government is going to be choosing this one. Yes, I believe China will choose. OnChain’s designers knew who would be buying this product, and who would want to be watching. I can’t see any other mover taking this position.


I am buying more. Just like people who bought Alibaba or Tencent when it was dirt cheap, I wish I could buy OnChain stock. Da Hongfei is the guy people are listening to on the great migration of information onto the blockchain. It won’t be the kid on Twitter announcing announcements, I can promise you that.

I think I will be proven right on my assessment of this company very soon. They are already are very highly valued, but this network could be the technological veins that run through China as soon as they are comfortable enough to agree with it. This large-scale ban on cryptocurrencies is not like a Facebook ban. They are trying to figure out what the hell it is first. Da clearly is working hard at educating, and I think there will be some sneaky high NEO volume coming up in trading ahead of any bigger news of China’s fledgling interest in blockchain.


Well…It’s tough to say this isn’t a recommendation to buy or sell cryptocurrencies, but it isn’t! Do your own research. We have seen moves that have lost people a ton of money, even in the coins that I mentioned. Be careful.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.4 stars on average, based on 27 rated postsMythological God of Lightning. Cryptocurrency/Blockchain writer, evangelist, and friend. May the odds be ever in our favor.

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  1. scottolson

    February 26, 2018 at 3:11 am

    Thx for the article, did you find any piece of information how to buy some OnChain shares?

  2. embersburnbrightly

    February 26, 2018 at 3:18 am

    I am a big fan of OMG and NEO, and I like them even more after reading your well-written articles on both. Thank you.

  3. Mister.Ticot

    February 26, 2018 at 3:10 pm

    Good job, thank you 🙂

  4. febrocas

    February 27, 2018 at 4:55 pm

    Nice article although there is a huge flaw with the NEO/GAS logic rendering neo smart-contracts useless for most developers.
    For example, when i deploy smart contracts in eth i pay a max of 20-30 usd in gas fees. Which is fine if i want to create a crowdsale contract for example.
    Try that in neo. The fact the gas price is so high is amazing for investors and terrible for users (devs). Meaning, i need to purchase a bunch of gas to spend or a bunch of neo to stake gas i order to deploy contracts. With a gas price = $50, i really dont see a way for startups to use the platform.

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Crypto Spoofing & Washing: How Whales are Eating Your Lunch



When it comes to the cryptocurrency markets, there are two tactics that the whales have been using with killer effects over the past year.

These are order spoofing and Wash trading. These tactics are methods of market manipulation that they have been using to reap outsized returns. These returns have all come at the expense of the retail cryptocurrency trader who fell for the dirty tricks.

In this post, we will take an in depth look at these tactics by analysing previous episodes of crypto spoofing and wash trading. We will also give you information about how to spot these attempts and avoid falling victim.

Before we get onto that, let us start with some of the basics…

What is Order Spoofing?

Quite simply, order spoofing is a form of market manipulation where an individual will create a host of fake orders with no intention of ever having them executed. This is done in order to create a certain perception around where the market is heading.

The individual who is doing the spoofing is hoping that this market sentiment will impact on the price of the asset in question. They will usually have a position in the asset that will benefit from a movement in the price.

Order spoofing is actually a tactic that has been outlawed by the SEC and has been actively prosecuted in the past. However, when it comes to the still unregulated and anonymous cryptocurrency markets, things are not as easy as they seem.

Sometimes order spoofing is combined with other tactics such as stop loss hunting where the trader will try identify where stop orders have been placed.

What is Wash Trading?

Wash trading is the practice of faking volume. This is done by a trader or a group of traders buying and selling their own orders for a particular coin. It gives the market the perception that there is interest in a coin when there isn’t really.

It is also sometimes practiced by shady exchanges in order to create the perception that a great deal of trading is taking place. This will dupe potential retail traders into using the exchange.

Just like order spoofing, this has been outlawed in traditional financial markets since the passage of the Commodity Exchange Act (CEA) in 1936. Wash trading is also very hard to get away with in traditional financial markets as the exchanges have a number of built in protections to avoid it.

Now that we have an understanding of the basics of the manipulation, let’s take a look at some examples in practice.

Spoofing and Washing in the Wild

You may have come across Bitcoin order spoofing before. You would have observed a large buy or sell wall in an exchanges order books that would have appeared and disappeared seemingly out of nowhere. This is the trader placing and removing the order at the chosen times.

For example, if you take a look at the below order books from the Bitifinex exchange a few weeks ago. You can see a massive buy wall with a large order of slightly more than 11,000 BTC at a price of $7,750.

Recent Buy Wall with Large Order. Image source: Cryptowatch

If you were a cryptocurrency trader who was just observing the order books as an indication of market sentiment, you may perceive this a bullish indicator. It will lead you to buy Bitcoin in anticipation of a rally.

Many other traders will follow in your footsteps and the price will rally in response to it. However, what you do not know is that the Whale that has placed this order actually has a long position in Bitcoin and is looking for buyers where he can offload his position at a profit.

The moment that the whale has secured a certain amount of profit from his spoofing endeavours, he will pull the orders from the book. Consequently, that solid buy wall will disappear in front of your eyes. Below is another image from the Bitfinex order books from late last year.

Buy wall disappears from Order Books. Image source: Bitfinex’ed

On the left is the order books attempting to create an illusion of a Bitcoin buy wall with a large order at $8,900 for 502BTC. However, on the right is the exact same order book a mere 5 minutes later. As you can see, the massive buy wall has just evaporated.

It’s likely that the person who had placed that 502BTC order had no intention of it ever getting executed. In this case, the trader realised that their spoof was not convincing the market and decided to remove their orders.

How would this effect you?

Well, if you thought that this was a bullish sign of movement you could have placed a buy order at $8,899. This would have been executed but you would also have noticed that the market had in fact retreated. The expected bullish sentiment was nothing but a fake.

Now lets take a look at an example of some wash trading.

This is a practice that exchanges can easily manage given the amount of funds that they have on their books. In the below image we have a well-researched example of some wash trading on the OKex exchange for LTC / BTC. Notice anything weird?

OKex Volumes on LTC/BTC Pairs. Image source: Sylvain Ribes

As you can see from the volume, the one thing that immediately sticks out is regularity of it. The volume goes through regular peaks and troughs throughout the day. It is highly unlikely that this is as the result of manual market flows through the books of OKEX.

All one need do is take a look at the LTC order books of another large exchange such as Poloniex or Bitstamp and you will see no such volume irregularities.

When fake volume is created, it makes the market think that there is activity in a coin or exchange when there is really none at all. There have also been other exchanges which have more recently been accused of these tactics.

How to Avoid Falling Victim

When it comes to order spoofing, there are generally quite a few things you can do in order to determine where the activity is taking place and how to spot it.

Firstly, before deciding on an exchange to trade with, you study their market statistics with tools such as cryptowatch. Here, you can take a look at all the exchanges and monitor their books in order to spot irregularities.

What you will be looking for are the large buy / sell walls that are often present on exchanges. If these walls have appeared at a time when there is not that much market news or movement, then it should already have piqued your interest.

What you will then want to do is monitor that buy / sell wall with a particular interest on the large order at the top of the wall (closest to market rates). If this order is pulled quickly after it has been formed then it is likely to have been a spoof and an attempt to manipulate the markets.

When it comes to washing, you should always be cautious when you observe high volume on an exchange that you have not heard a great deal about. This is especially true for those newer exchanges that have only been operating for a few months.

However, if you wanted to be able to spot wash trading as it happens, you will usually see a host of rapid executions at a stable price for a particular coin. Below is an example of some washed trades that were placed in an order book. As you can see, there was a whole host of “wash sells” that were placed at a price of $293.

Numerous washed sell orders on exchange. Image source: Cryptocurrency Facts

If you have observed these in the order books it should have raised suspicion that you could be witnessing a large wash trade.

An Ongoing Challenge

Although these tactics are able to help you by identifying suspicious activity, the malicious traders are also evolving. Nowadays most of the spoofing and wash trading is done with advanced high frequency trading bots.

These bots make use of the high through-put API connections on multiple exchanges in order to move markets more quickly than a manual trader. These trading bots have also previously been identified and given unique and interesting names such as the “Picasso trading bot“.

There is reason to be hopeful though.

The authorities are now quite aware of these tactics and are actively getting involved with enforcement. In fact, the US DOJ has recently released a criminal probe into the market manipulation practices on cryptocurrency exchanges.

As these opaque exchanges face more regulatory scrutiny, they are likely to adapt their procedures to actively stamp out the practice. They could also borrow a number of oversight mechanisms that are currently being used on stock exchanges for example.


Cryptocurrencies have taken off quicker than the traditional financial system and regulators have been able to adapt. While that has led to reams of innovation, it has also meant that malicious actors could take advantage of the lack of oversight.

Order spoofing and wash trading are those market manipulation tactics that are being employed in these “Wild West” markets. Although there are moves afoot to stamp these out, the tactics are evolving and innovating just like the underlying technology.

In the end, only you can really protect yourself from this manipulation. As long as you are aware of what to look for and which exchanges to avoid, you can prevent yourself from being a crypto whale’s “lunch”.

Featured Image via Fotolia.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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5 stars on average, based on 3 rated postsNic is an ex Investment Banker and current crypto enthusiast. When he is not sitting behind six screens trading Bitcoin, he is maintaining his numerous mining rigs.

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Cache Me If You Can: Crypto Trading, Decentralized



Spot exchanges, over-the-counter/OTC trading desks, and futures contracts would likely rank amongst the most popular methods for trading cryptocurrencies between two or more parties.

Despite their popularity though, most of these trading venues utilise centralised infrastructure in at least one area of their operations.

When combined with the endemic security threats which crypto trading services regularly face: centralized fundamental functions are a considerable threat to users who value the privacy of their transactions.

“A Peer-to-Peer Electronic Cash System”

Cryptocurrency is still a burgeoning industry, with the number of ICOs and market investment having increased by several multiples even just over the past eight months when compared to the whole of 2017.

Despite this: concerning conventions have already established themselves that challenge the original vision prescribed by Satoshi Nakamoto for Bitcoin.

The enigmatic Satoshi Nakamoto became a legend upon publication of his seminal cryptocurrency white-paper entitled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ (and if you haven’t read it, you really should!).

Since then, the document has served as an conceptual blueprint which has been referenced by a great number of subsequent altcoins: evident by the widespread implementation of Bitcoin’s core mechanics. An example of this is has come to be known as cryptocurrency mining, or the ‘Proof of Work’ consensus algorithm.

P2P vs  P2intermediary2P?

Peer-to-peer (P2P) denotes transactions that are made between two parties without the need for an intermediary to facilitate or authorise the trade.

Mike Orcutt, associate editor at the MIT Technology Review wrote in April 2018 that:

“The whole point of using a blockchain is to let people—in particular, people who don’t trust one another—share valuable data in a secure, tamperproof way…

“One supposed security guarantee of a blockchain system is ‘decentralization.’ If copies of the blockchain are kept on a large and widely distributed network of nodes, there’s no one weak point to attack, and it’s hard for anyone to build up enough computing power to subvert the network”

Whilst this is true for many blockchains and their associated blocks for decentralized cryptocurrencies: most middle-man’ who process trades and transaction utilise a centralised system known as an ‘order book’ upon which future transaction and trade values are calculated.

In June 2009, mere months after Nakamoto’s Bitcoin paper was released to the world, a cross-departmental team from Stanford University published a related and highly recommended investigation into the contemporary status of the order-book.

The authors state that:

“most markets are order-driven, where any market participant is free to provide liquidity by submitting a buy or sell order. Submitted orders are amalgamated by price to create a limit order book. The[re is a] rule driven execution of orders in these limit order books and [also] extensive data that is available for order driven markets.”

With  a centralised order-boook; all the data pertaining to transactions: such as receiver and sender addresses, value of tokens, and dates could be all-but-publicly accessible in the case of a hack or successful unwanted intrusion.

Peer-to-Peer Trading: What Can Be Done?

One solution which we have seen numerous examples of are organisations which claim to be ‘decentralized exchanges’.

On the 9th of August 2018, for example, well-known yet controversial ex-China based cryptocurrency exchange Binance launched a pre-alpha build of their highly anticipated decentralized exchange which they call ‘DEX’.

Conversely, Binance has been subject to more than their fair share of negative press and public feedback as of late and earning trust for their future projects will be no easy feat. They have to contend with hackers, pundits, and a 5.9/10 ranking on Trustpilot.

Another notable release comes from blockchain development platform Stratis, a competitor to Ethereum’s ‘platform for platforms’ and ranked in 50th place on CoinMarketCap as of writing.

The ‘Breeze Wallet with Breeze Privacy Protocol’ launched on the 1st August 2018, and it is a means of facilitating pure peer-to-peer, user-to-user, fully decentralized transactions. As a result, Breeze hopes to introduce centralized intermediaries to the realm of obsolescence, by way of a token-tumbling protocol called ‘TumbleBit’.

If you know of any more projects which have been making recent progress – please let us know in the comments section!

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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Disrupting the Cloud: ANKR Network




Since the creation of bitcoin and the introduction of the “Proof of Work” (POW) algorithm, many have been concerned about the vast use of computing power and energy and their negative side effects. Currently, cloud computing is projected to be a trillion dollar market, yet it is monopolized by some of the largest tech conglomerates in the world. Only giants in the likes of Amazon Web Services and Google Cloud can afford the high human capital cost and upfront server costs to run a successful cloud operation that spans the globe. However, the aforementioned companies tend to charge the customer with a higher margin of cost.

New developments in blockchain technology aim to resolve these issues by improving the efficiency and effectiveness of cloud computing. Being an innovative solution to this computing and consumer problem, Ankr Network brings the benefits of decentralization to cloud computing and balances value between buyers and sellers via crypto economics, Oracle service and distributed computing.

Ankr Network

Ankr Network is an innovative platform, which aims to create a resource-efficient blockchain architecture for a distributed cloud computing system and an easy-to-use infrastructure for the building of business applications. Ankr is the first cloud computing solution to leverage both blockchain and trusted hardware of Intel SGXs. The SGX hardware will allow developers of applications to protect data from unauthorized access and modification and preserve the confidentiality and integrity of information.

Technical solutions include:

  • Consensus Algorithm Proof of Useful Work (PoUW)
  • Platform for distributed cloud computing (DCC)
  • Oracle integrated service
  • Structural support for sidechains

The consensus looks like this:

Anrk upgrades mining with its consensus “Proof of Useful Work” (PoUW), which provides a sustainable block structure. Specifically, PoUW directs power and computing capacity which was used on hashes in POW algorithms such as bitcoin for processing tasks provided by businesses and consumers on the blockchain. Therefore, one can say Ankr upgrades mining to a higher level, allowing equipment holders to receive a financial incentive for block creation and real-world tasks processing.

To explain this better, consider the following: the golden standard algorithm is one where the nodes on the blockchain require:

1) That tasks performed to solve problems is actually quantifiable work;

2) That the processing of these tasks provides some form of value to any party on the network

The Ankr Network appears capable of achieving this gold standard. Alternatively, existing POW in networks such as bitcoin and Ethereum only achieve the first point – nodes use computing power and energy to prove that work was done (but such amount of work is wasted without any utility).

Ankr solves this key technical limitation in bitcoin and Ethereum by including a second point in its consensus algorithm, thus making all the work done by nodes directed on the processing of tasks that could bring added value utility to the network participants.

Ethereum processes all smart contracts on one chain in a serial sequence, which bottlenecks throughput and dramatically reduces the usability, especially when there are large contracts with complicated data on the chain. Plasma is a protocol to solve the scalability issue by building a tree structure of blockchains, where various application chains (Child or Plasma Chains) are connected to a single root chain (Main Chain). Plasma chains can allow applications to handle their specific smart contracts transactions on side chains, thus balancing potential overload of the network.

The efficiency of the main chain can be significantly improved by offloading a number of transactions from the main chain to Plasma chains, especially if proper incentives are given to Plasma operators. Currently, Oracle solutions exist separately from the blockchain framework and are limited in compatibility. Ankr proposes a user-friendly universal AP (application programming interface) I for each child chain to connect to off-chain entities. Existing business can build decentralized autonomous applications on the child chain with powerful computing power and native data feed service provided by the main chain.


The Native Oracle (NOS) service provides an authenticated data feed by using both cryptographic primitives and a trusted execution environment (TEE). Thanks to a standardized API for transferring data from existing data sources like websites, NOS allows customers to simplify business in the real world. Basically, this means that blockchain can allow integrating smart contract execution with data sources through a protected gateway.

Intel SGX

Intel SGX (Software Guard Extensions) is a new set of instructions that permits execution of an application inside a hardware enclave, which protects the application’s integrity and confidentiality against certain forms of hardware and software attacks, including hostile operating systems. This lowers entry barriers for miners and provides security and privacy.

Distributed Cloud Computing (DCC) Platform

As internet technology advances, massive amounts of data including text, audio, video, etc. have been created. However, most of this data is neither organized nor relevant to each other. Processing the data in a serial sequence (traditional blockchain) becomes less and less resource efficient and can’t be tolerated by the rapid velocity of business development.

Ankr overcomes these shortcomings through its DDC platform, which enables P2P transactions. Miners will provide their computing power to support the blockchain, as well as sending surplus power for cloud computing calculations.

A P2P network allows application owners and individual users (i.e., requesters) to rent computing power from other users (suppliers). Currently, the cloud computing resources in popular blockchain networks such as bitcoin or Ethereum are exclusively controlled by the centralized cloud service providers and are subject to rigid operation models. A decentralized cloud computing platform can incorporate a blockchain-based payment system, which can allow for direct payment among operators (requesters), sellers (suppliers) and software developers.

Now, we will cover what other projects in this field are doing in comparison to Ankr as a reference project.


Users of Golem are only incentivized for cloud computing and Golem is using third party computing containers like Docker.


This project is very similar to Golem, but with a different application field. Golem is focused on rendering, but SONM is focused on the adoption of existing architectures (currently server hosting).


This project is also similar to Golem and SONM, but its application focus is decentralized cloud computing in specific research applications.

In comparison with the projects above, users of Ankr have different incentives that come from mining, transaction (or smart contract) and cloud computing. Also, Ankr does not use third party platforms for computational power; instead, it uses the computing power of miners.

In my opinion, an additional limitation of Golem, SONM, and IExec is that they have based their development on traditional computing architectures, which are used in data centers, thus limiting their potential computing power and scope of tasks. The reason lies in the fact that data center architecture is working on one technical parameter, which is not optimal for distributed computing where the topology of each device changes frequently and will result in a costly overhead in data transfer and decrease the stability of the network. Ankr technology allows bypassing such limitations, which results in a wider applicability and scope of their network.

Overall, if the Ankr network team can create a network that uses PoUW to reach consensus by applying all the computational energy to useful use and not wasting it, then cloud computing services as Amazon Web, Google Cloud and Microsoft Azure are likely to face serious competition soon.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.9 stars on average, based on 10 rated postsVladislav Semjonov has a legal and financial background. He has been involved in crypto space since early 2017 in both ICO advising positions in several ICO consultancy firms, and as an ICO analyst for VC. He began contributing for in April 2017.

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