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Review on NEM by Doreen Beich
The NEM platform is meant to offer blockchain solutions to entrepeneurs and…
The NEM platform is meant to offer blockchain solutions to entrepeneurs and businesses. It is meant to be easy to use, without a need for programming. It is designed for speed and scaleability, not for secrecy, which is why it has been described as being a contender to Visa, Paypal and Mastercard rather than a project for anonymity.
Pros
- NEM (and its official currency XEM) is something more than a cryptocurrency or a new altcoin; it’s a revolutionary platform based on Blockchain technology, re-imagining from scratch the ideal Blockchain. NEM not only allows peer-to-peer standard transfer transactions, but it also does much more like stores data, authenticates identity, stamps documents by date and time, build domain registry systems and creates new digital assets
Cons
- Negative for NEM is closed source and not knowing what clearly lies ahead. NEM is especially popular in the Japanese market, said to be second only to Bitcoin. The director of NEM Japan is Zaif CEO, Takao Asayama. It has not developed in many countries
