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Review on NEM by Maddison Rule
NEM has built its own blockchain from the ground up, and in my opinion it has…
NEM has built its own blockchain from the ground up, and in my opinion it has innovative utilities that are are notable and promising achievements. However, as these differences do not offer anything substantial on their own, if NEM is unable to capture a significant amount of business enterprise as it plans to, then there isn’t much more going for it that can’t be outperformed by its competition.
Pros
- It is Japan’s second most popular cryptocurrency project. It is designed specifically for business enterprises and may be the first point of entry when business begins to adopt blockchain en-masse. Private blockchains are made possible through the Mijin adaption will potentially be highly sought after. Its harvesting system and proof of importance algorithm are unique only to NEM. It already has many established business partnerships.
Cons
- Due to its team being anonymous and not having a strong marketing arm that speaks with its community, it is generally unknown where NEM is at in its developments, what it plans for the future, and who the trusted people behind it are. Although it has some unique qualities, it is still arguably just another smart contracts platform that is marketed differently. Therefore, there is no guarantee that its differences will make enough of an impact to outperform its competitors.
