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Review on NEM by Samuel Clintoc
I think NEM is really undervalued because of other coins like Ethereum for…
I think NEM is really undervalued because of other coins like Ethereum for example. But I like the project, its fast and reliable and easy to use.
Pros
- Nem use the new Proof of Importance(PoI) algorithm which takes into account how many transactions are made and the total token amount in an address. Introduces “namespace”: Namespace is like a domain name system that can be used to create a unique place and subdomains for businesses. NEM is overall improved by writing the code completely from scratch in Java. It can handle 3000 transactions per second.
Cons
- The official website is still not easily understandable for standard users. Mass adoption is less likely to happen if people are not well educated with NEM’s features. As Ethereum is widely accepted and has no significant drawbacks now, it is hard to see people switching to NEM.
