Review on NEM by ava sandres
Nem Project
The goal of the NEM network is to become a global transaction tool and to enable other blockchain-based projects to be placed on the Chinese blockchain. The digital currency of the blockchain network is called XEM, which is one of the good cryptocurrencies.
Initially, it was decided that Nem would be used as a subsidiary of NEX currency to improve its network. But in the end, they decided to build their own blockchain with full and new coding.
There is no mining concept in the nem network. In Nam, the two concepts of harvester and harvester are used. Transaction approval is called harvesting and is equivalent to the word mining in bitcoin. Those who harvest are called harvesters.
It takes about 20 seconds to verify each transaction and is capable of performing 3,000 transactions per second. On the other hand, Nam can be considered as one of the lowest commissioned digital currency networks (0.01% for each transaction).
Multi-signature accounts are another feature of NEM. This currency code allows its users to convert their individual accounts into collective accounts. In this type of account, the use of inventory depends on the signature of several people and an account can include between 2 and 64 holders.
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Pros
- High speed and low transaction fees are the hallmarks of NEM digital currency.
- Multi-signature accounts
Cons
- nothing, all things about nem project is good
