Review on NEM by Niklas Dreher

Name: NEM
Item: NEM
Rating: 5

August 30, 2018

NEM is the first project to make use of the rich information in the…

NEM is the first project to make use of the rich information in the transaction graph to perform a task central to blockchain technology. The importance scores are based on the actions of an account over time and thus are a form of reputation. This allows importance scores to be applicable to much more than blockchain consensus, and NEM uses them for network spam protection and also the P2P time service
﻿

Pros

NEM is also the first Blockchain with Delegated Harvesting (secure proxy mining), protection against localized spam, Eigentrust ++ for reputation management between node pairs and customizable multi-signature m-of-n accounts with Blockchain-based alerts.

Cons

In fact, anyone can run an NIS server but there is no incentive for individuals to run a server node. The fact that it’s not incentivized for users to run a server is quite problematic if a long-term sustainable solution is not offered.