Review on NEM by Wisdom BOATENG
NEM offers a truly impressive system that promises to be a major player in the blockchain economy.
It's indeed a decentralized cryptocurrency, based like Bitcoin, on a BlockChain which grows as transactions are made. NEM's vision is to improve the concept and create a digital currency that is easier to use and competitive. The project allows exchanges and payments on the NEM platform, but also it is a different solution to traditional banking institutions.
Nem offers enormous advantages, such as the tokenization of all types of assets, services to companies by offering private and therefore confidential blockchains, the use of the Java programming language thus making the use of the NEM blockchain to all developers.
ο»Ώ
Pros
- NEM is supported by an active community.
- This system is an open and customizable blockchain solution built on the basis of simple and powerful API calls.
- It offers companies a private blockchain called Mijin
- NEM facilitates the creation of payment applications
Cons
- NEM operations are traceable.
