Review on NEM by Gabriel Medina
A new economic movement with vision
This project was born with the philosophy of corporate blockchain, with the intention of providing the tools to build projects of a certain size in its system. It is designed to create a smart economy ecosystem, providing the tools and platform for the development of decentralized projects, backed by tokens that can promote different types of digital economy ideas.
One of the advantages of this project is its corporate vision and the possibility of operating with private and public blockchains. Its success will depend on the response of the market and its long-term adoption, which is why it continues to be a project with high potential, but with an equally high risk.
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Pros
- It can process thousands of transactions per second, which is why the network is larger than other similar ones.
- Its original code is written from scratch.
- Allows you to mine NEM efficiently, thanks to the proof of importance algorithm.
- You can mine with CPU, JavaScript, or graphics cards (GPUs). Those would be the modalities for mining.
- It includes a native wallet with the functionalities of the ecosystem.
Cons
- It has a very complex concept, it is not easy to sell to corporate entities.
- There is too much competition in the smart contract industry.
- A user must have many coins in his portfolio to be part of the important ranking in this network.
