Watch out: Alleged NEO fork dubbed NEO Super is probably a scam

Right off the bat – NEO is designed to be unforkable so this very shady team (all of their Linkedin pages look fake) is most probably a scam.

NEO uses a dBFT protocol, which is short for delegated Byzantine Fault Tolerance. It stems from PBFT (Practical Byzantine Fault Tolerance), which uses a three-phase agreement protocol. It consists of Pre-pare, prepare and commit stages. The original dBFT omits the third phase of the agreement in order to decrease the communication complexity. This also increases its efficiency. However, it has been discovered that in some very rare cases, due to the lack of the third phase, the protocol allows replicas to produce two valid blocks with different hashes. This caused on accidental NEO fork 2 months ago.

To receive this NEOX token, you have to be a NEO holder – that is, have some NEO in your wallet. Each NEO holder will receive free NEOX after the fork (planned for November 10, 20:00 GMT) at a 1:2 ratio. For instance, if you have 100 NEO in your digital wallet, you will receive 200 NEOX after the fork.

According to the website, NEO Super is some kind of a fork of NEO that “utilizes” ETH algorithm:

“NEO Super is a new global open-source payment network – free from any unnecessary intermediaries or centralized control. It is a hard fork of the popular NEO currency that utilizes the ETH algorithm to provide users with the highest possible transaction speeds and all the benefits of smart contract. NEO Super is based on the Ethereum engine, making it faster and smarter than ever. With its superb mining opportunities, a user-friendly multi-platform wallet, and tools for creating new tokenized assets, NEO Super is exactly what is needed to make the shift from the traditional economy to the true Future Economy.

The NEO Super fork is planned for 10th November, 2018 (20:00 GMT) – that’s when a snapshot of the NEO network will be taken. At this point, every NEO holder will receive NEO Super tokens at a 1:2 ratio. For instance, a user who holds 100 NEO will receive 200 NEO Super after the fork.”

This is probably an attempt to grab some cash by pigging off of the reputable name in the crypto community. They took NEO’s white paper, edit it a bit, made a fancy webpage (not that hard) and then sell their shitcoin on the exchange. If they airdrop, they hope exchanges let them on for trading so they can dump their coins.

If you hold NEO, you will get this shitcoin airdopped but it will probable be worth nothing so it will be just a number on the screen of your wallet.

intelligent crypto
How are  regular people making returns of as much as 27,144% in a year?  By picking the right coin at the right time - click the button to learn more.
Crypto arbitration still works like a charm, if you do it right! Check out Bitsgap, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Torsten Hartmann

Torsten Hartmann

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

We will be happy to hear your thoughts

Leave a reply

CaptainAltcoin
Logo