1 Level
5 Review
1 Karma
Review on NEM by Brian Penny
XEM is notorious for a hack, but the way it was cleaned up was expert-level…
XEM is notorious for a hack, but the way it was cleaned up was expert-level. The NEM network is building support in the Australian and Southeast Asian markets. It has a strong community that supports it because of how great the team has been so far. This blockchain is on the level of Ethereum or NEO/GAS and uses Java-based API calls to connect to other networks. The interoperability, ease of use, and solid support makes this a great project.
Pros
- NEM is written in Java, making it a much more accessible blockchain platform than Ethereum. Its XEM cryptocurrency is mined using Proof of Intelligence, which means you're incentivized to both hodl and participate in the network. The Eigentrust++ reputation algorithm is a great trust mechanism. Integration with Pundi X means it'll be easy to spend in some countries, and it has active dApp development. Eroiy and TravelByBit are solid projects built on NEM.
Cons
- NEM doesn't have a lot of enterprise support, and it's not very popular in China. Its name is synonymous with the biggest cryptocurrency hack in history.
