1 Level
5 Review
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Review on NEM by Hasnain Ali
When it comes to compare an altcoin at Crypto market, there is nothing else…
When it comes to compare an altcoin at Crypto market, there is nothing else that could better highlight a coin’s features than Bitcoin. As we all know, Bitcoin is the evergreen King of crypto market, and a fresh one is always better-weighed against this. Here, we are putting up why and how XEM (NEM) makes somehow a better choice than Bitcoin.
Pros
- This is a cryptocurrency as well as a revolutionary platform that is targeting to further the blockchain usage in crypto markets. Unlike many coins, or altcoins, this has its very own source code. Introducing a lot features and valuable technological support to blockchain community, this is simply taking cryptocurrency usage and values to a new height.
Cons
- The platform runs on POI algorithms, which means Proof of Importance. The key significance of infusing this algorithm into the platform is it helps user identify, who’s UP next to calculate the next block. This is virtually a new algorithm in the market, which is known more for ensuring a fair distribution of opportunities over the block calculation as not only the quantity of coins stored to user’s wallet are taken into consideration here, but all scheduled transaction too. Consequently, the mechanism here is to reward those, who make greater share of contribution to the advancement of the coin and its distribution.
