Review on NEM by sophia sohka
NEM
The big difference between the Nem currency and other currencies such as litecoin and 1 is that the blockchain codes are 100% proprietary.
Nem's goal is to be used as a common exchange device around the world and to be able to host other blockchain-based projects on its own blockchain. One of the interesting features of nem is high speed and low transaction fees. Currently, it only takes about 20 seconds to confirm each nem transaction, and the network is said to be capable of performing 3,000 transactions per second.
In nem, there is no need to use powerful hardware devices and high power consumption to be miner and confirm transactions.
Harvesting is like the word mining on the bitcoin network. The act of forming a block is called. Those who do harvesting are called harvesters.
The harvester must have at least 10,000 units of XEM. When a block is formed or closed by the harvester, it is added to the previous blocks, and any commission related to the block's transactions is credited to the reaper's account. In fact, he reaps the product from the completed block.
Transaction processing also requires hardware power. There is another group on the nem network called SuperNood. To become a super node, you must have a powerful computer system, with a dedicated Internet and a super high ping plus 3,000,000 XEM units. Supernatural income is very high.
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Pros
- Fully dedicated blockchain programming
Cons
- not mineable
New products
Comments (1)
May 14, 2020
NEM (XEM) price, charts, market cap, and other metrics | CoinMarketCap
Its native currency is XEM, is 'harvested' using its POI (Proof-of-Importance) algorithm. The 'importance' of NEM users is determined by the number of coins they have and the number of transactions associated with their wallet.
