Review on NEM by Adedamola Adeniji
NEM Is Not Just Another Altcoin But A Technologically Advanced Blockchain Providing Integrated Solutions
NEM is a unique cryptocurrency and Crypto platform that was founded in 2015. NEM is short for New Economy Movement
Just like its predecessors like ETH, NEO, NEM doubles has a Crypto and and an application designing platform. It is designed with Java programming language with development into c++ language, coupled with 100 percent original source code.
NEM is poised to bring new ideas in digital space services like; crowdfunding, loans, legal records, game data, accounting among others, equally fastracking the lunch of ICOs.
It also brings to you wide distribution model and has introduced new features in Blockchain Tech with its POI algorithm
It is armed with integrated P2P secure encrypted messaging system, with multi-signature accounts with additional Eigentrust++ reputation system
With NEM uses can settle any asset at amazingly fast speed, top notch security and reliable operations.
I found out that NEM has Its own token XEM, which has in recent times risen to become the 12th largest market CAP among Its counterparts.
Contrary to the usual minning if new cryptocurrencies we are used to, NEM brings a new approach called harvesting all you need do to achieve the harvesting process is to link your account to existing super node which in turn uses that account's computing power to finish the block cycle on its behalf
I will personally recommend NEM to individuals and retail store chain because of it capability to handle financial assets, contracts, documents and all form of digitized assets coupled with the fact that individuals can create custom made PayPal or Venmo via NEM's network. Retail stores also gets to track thier loyalty reward points and equally for shipping companies data management and logistics.
Pros
- NEM offers frictionless interfacing between public and private facilitating easy transfer of digital assets.
- POI algorithm for stamp transactions.
- API compatible.
- Easy creation and distribution of compatible cryptocurrencies and tokens merged with users wallet.
- Very cheap fees.
Cons
- None for now.
