Review on NEM by Parthkumar Agrawal

It can handle 3000 transactions per second, while only 3 to 4 transactions can be processed per second in Bitcoin. Introduces “namespace”.Use the new Proof of Importance(PoI) algorithm: Compared with Proof of Work depending totally on hardware mining abilities, this algorithm takes into account how many transactions are made and the total token amount in an address.NEM is a decentralized blockchain-based peer-to-peer network on which third parties can build their own applications, including cryptocurrencies and crowdfunding tokens.