Review on NEM by Sergio Daniel Delgado
NEM function
NEM is a cryptocurrency with a strong entrepreneurial character. That is, unlike currencies like Bitcoin and Bitcoin Cash, their goal is not to challenge fiat money and become a payment method for goods and services.
On the contrary, NEM's strength is taking advantage of its Blockchain platform to generate solutions in three different areas of society. First, offering companies a data storage service for both customers and transactions. Being able to serve as an accounting book hosted on a secure and invulnerable network
Secondly, NEM has functions within the government. Because if a government decides to use XEM to exercise its public policy measures. You will immediately make a profit in terms of transparency, and therefore fight corruption and fraud.
Finally, one of the great differentiating elements of NEM with respect to other cryptocurrencies, is its support to the academic sector. Well, while big business cryptocurrencies like XRP they focus on the private sector. NEM decides to offer services to the academic sector for data storage. Both administrative (titles, evaluations), and scientific (research).
Pros
- Competition is always a positive thing in the crypto world. Well, thanks to it, the main advances are made, not only in this sector but also in all human society. Why cryptocurrency arise to fulfill the functions of older ones, in a better way, is something to celebrate. However, sometimes it is necessary to ask yourself when a challenge to an old cryptocurrency seriously is an improvement. Well, the truth is that sometimes we can see cryptocurrencies that, Although they perform their duties flawlessly, they do not represent a major innovation in the crypto world. And therefore, it is necessary to question whether its existence is really necessary for users.
Cons
- None so far
