Review on NEM by samuel rabinio
NEM
High speed and low transaction fees are some of the interesting features of nem. The damper network is designed to take only 20 seconds to confirm transactions, which means 3,000 transactions per second.
NEM is a cryptocurrency that uses a proof consensus algorithm. In the stock consensus algorithm, the only determinant of income is a confirmation of the amount of the asset. Anyone with more assets has a better chance of approving transactions as well as making money. This is slightly different in the case of the nem network and the proof of importance algorithm, and in addition to confirming the amount of assets, other factors affect the income of harvesters.
In the nem economic ecosystem, there is an important part called NameSpaces that can be considered as an Internet domain. Each name of the space on the Nam network is completely unique, and if it is registered, it will no longer be able to access and register it.
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Pros
- People can invest in this network as harvesters.
Cons
- nothing
New products
Comments (1)
May 15, 2020
The NEM coin network went not only beyond the borders of Asia, but also beyond the limits of cryptocurrency. The most famous example of using the NEM blockchain is the Mijin project for banking operations, which is already widely used by organizations all over the world. And this is not only in the financial sector. The platform is used in logistics, online games, and other areas.
