According to recent reports, a popular NEO based DApp (decentralised application) has taken the decision to move over to EOS in order to make use of the faster and more scalable EOS blockchain.
The culture of DApps is becoming bigger and bigger, with many new alternative DApp building platforms. Gone are the days of Ethereum dominance, now developers are able to build DApps on a whole host of functional, fast and working blockchains, including TRON, EOS and of course, NEO. Because of this, competition is rife, many DApp developers are always looking to make their DApps better, in order to do this they need to ensure they are operating within the best platform for the DApp, therefore, it’s not uncommon for DApps to move over onto other blockchains. In this instance, Effect.AI (EFX) is alleged to be moving from NEO, it’s native platform, onto EOS in order to make the most of the faster transaction speeds experienced within EOS and of course, to help expand their own business.
According to Crypto Briefing:
“Although a good blockchain for the initial launch, Jesse Eisses, CTO of Effect.AI explained that NEO had failed to deliver when put to the test. He said: the current implementation of the blockchain can’t get to the promised transaction throughput and the smart contract compilers besides C# are still immature.”
“At the time, Effect.AI said it had been attracted to NEO because of feeless transactions, multiple programming languages for smart contracts as well as the potential for rapid expansion brought on by increased scalability. Feeless transactions turned out to be unsustainable due to poor security. The network’s TPS rate remained at 15-20, too slow for Effect.AI’s needs; a problem which came to head when NEO struggled to handle 200,000 EFX transactions at the launch of Effect Force.”