Review on NEM by Stephan Abt

Name: NEM
Item: NEM
Rating: 5

August 30, 2018

The NEM technology is developed under the Test Driven Development (TDD…

The NEM technology is developed under the Test Driven Development (TDD) methodology. This methodology concentrates all efforts to meet the pre-established requirements before beginning to implement the technology, ensuring that each small piece of code has been created to meet one of these requirements or tests, and to avoid inefficiencies and unnecessary code.
﻿

Pros

NEM uses a multi-signature system for its transactions. This means that several signers are required to validate a transaction on the Blockchain. This is important on the one hand to prevent the money from being lost in case of loss of wallet through a hack. But also because it prevents abuse of funds held by the community.

Cons

To use NEM it is necessary to download the NCC community client, then the node connects to the peer-to-peer network and acts as a gateway to the NCC. But it is possible to simply download the NanoWallet. In addition, the Wallet is compatible with Windows, Linux, OSX and others …