New NEO Blockchain Fork ‘NEO Super’ Recognized as a Scam with NEOX Token
The NEO platform was initially designed to be un-forkable, so the shady team that seems to be behind it could very well be scams. Because with a closer look at their LinkedIn pages you can easily tell that they are each fake. The NEO platform has been designed to use the dBFT protocol efficiently, this is the delegated Byzantine Fault Tolerance.
This particular protocol stems from the Practical Byzantine Fault Tolerance, which is referred to as PBFT, one that is able to use about three-phase agreement protocols. The phases consist of commit stages, prepare and Pre-pare. But when you use the original dBFT, it has omitted the commit stage to ensure the system has reduced the complexity that surrounds communication, which in turn will increase their efficiency.
But it is not all rosy in most cases, as it has been found without the commit stage the protocol tends to allow for some replicas to take place, thus having two valid blocks that have different hashes. This is what led to the accidental NEO fork that took place around two months ago.
The Platform Is Able To Offer Some Tokens
If you are looking to have some NEOX token you will be required first to be a holder of the NEO, so what this means is first get yourself some NEO on your wallet, then the next thing is getting the token. As an NEO holder, you will be able to receive some free NEOX, but this is after the fork has taken place which has been planned to take place on November 10 at about 20:00 GMT.
The free NEOX will be offered at a ratio of about 1:2, so if you currently have around 100 NEO you should expect to receive 200 NEOX, so get more NEO in your digital asset.
What You Need To Look Out For
If you go to the official website of the company it seems the NEO super is a form of a fork of the NEO, one that is able to utilize the ETH algorithm. It has been designed as an open source payment network the is free from all those unnecessary intermediaries that we tend to witness when trading.
We can think of it as a hard fork of the NEO currency one that is able to utilize the ETH algorithm to ensure it provides all the users with the highest speeds during transactions and enjoy the several benefits a smart contract is able to offer.
This is not all as the NEO Super claims to have plenty more benefits it is able to offer, it has been based on the Ethereum engine; thus, it makes it be much smarter and even faster than what we have been exposed to in the market. It also has a multi-functional wallet, and incredible mining opportunities, some tokens that could be used in the creation of a new tokenized asset, and many more.
It is clear that the NEO Super has come to make the needed shift in the traditional economy to accommodate the change we are taking to the future economy.
All these benefits must have kept you on the edge of your seat, but don't get too excited just yet, the NEO Super fork has been planned to take place on November 10th at about 20:00 GMT. At this exact moment as a token holder, you will be able to receive some NEO Super Tokens, this will be at a ratio of 1:2.
Some have considered this to be an attempt to grab some extra cash by merely joyriding on a reputable coin within the market. All they did was take the NEO white paper and did a few edits, with a cool looking site and use this to sell their coin. Offering very attractive promises for the investor who happens to land on their page.
What this means is if you hold some of the NEO, then you just might get this coin airdropped into your wallet, it might not be worth anything but just a few digit changes on your screen.