Review on NEM by onur bln
Nem
nem (xem) is a blockchain platform and cryptocurrency launched in 2015. nem has its own original source code unlike the overwhelming majority of other cryptocurrencies.
this cryptocurrency has brought new features and technologies to the blockchain community. for example, it works using the unique proof of imports algorithm instead of proof of work or proof of stake. The poi algorithm helps determine the user who will calculate the next block. The new algorithm guarantees a fair distribution of block calculation chances, taking into account not only the amount of money stored in the user's wallet, but also all incoming and outgoing transactions. This makes it possible to reward users who contribute the most to currency development and distribution.
The average time to generate blocks is one minute. There are different types of messaging for nem users: encrypted, unencrypted, and hex.
The wallets are very easy to use and will only take a few minutes to install nem software. There are versions of the software that run on windows, mac os and linux operating systems.
Nem allows you to transfer instantly, globally, without high fees. all wallets are very secure and exclude any possibility of unauthorized access.
It is not a fork of a current project and was originally built by analyzing the pros and cons of the current blockchain, considering the needs of the end user.
It has a two-layer architecture that pays special attention to moisture, safety. These two layers (server and client) are created by nis (infrastructure server nms) and kk (community nms client). NCCs securely connect to Nis to make and record transactions without downloading the entire blockchain and provide a better user experience.
nem technology developed under the test driven development (TDD) methodology. This methodology focuses on meeting pre-defined requirements to avoid inefficiencies and redundant code, and ensures that each of the code is generated to meet any of these requirements or tests.
Thanks to this new way of reaching consensus with proof of importance (poi), nodes need not be expensive machines that consume a lot of energy, especially since a segment can operate independently of the portfolio. Because using APIs that have been interpreted before, any application can block the nem safely without having to download the chain of access blocks.
Another strength of nem is its average block time is 1 minute. this time is 10 times lower than bitcoin, so moisture can run and verify fewer transactions in less time.
Finally, Nem is end user oriented and capable of running on third party software; Therefore, it has a memory size that is easy to install and use via a mobile client (wallet light) or server. nem has a mobile wallet on both iOS and Android.
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Pros
- an e-coin. I think it can be taken.
- first state-backed cryptocurrency
- used to be unsafe but now very safe
Cons
- will come to binance. actually, it was delayed due to the hacking.
- Cannot be transferred from any stock exchange. Even wallets that seem to work don't work
