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Review on NEM by Writer 247

Revainrating 4 out of 5

I don't buy Iota's promise of being a fee-less system at all. You can see my…

I don't buy Iota's promise of being a fee-less system at all. You can see my justification for that. Their entire idea of a fee-less system assumes that everyone does the Proof of Work for their own transactions aka everyone provides computational power to the network proportional to their usage of the network. However, I show that if you take that assumption, blockchains essentially have zero transaction fees too.



Pros
  • Zero fees
Cons
  • Beginners might find hard to adapt to this technology

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