Review on NEM by Adedayo Adeniji
NEM THE NEW ECONOMY MOVEMENT
NEM is 2015 launched and community focused cryptocurrency and blockchain ecosystem based on peer to peer written with Java and Java script programming languages.
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NEM's native token symbolized as XEM is what you use to make payments in the public cryptocurrency ledger of NEM and its public blockchain is dedicated for free XEM for its users while it uses it's private cryptocurrency ledger to improve operation quality and reduce operational cost with smart asset system which helps to create native assets for dapps for KYC, voting, transferring etc.
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With NEM you can create your own cryptocurrency ledger based assets which can used as in game currency, loyalty points, vouchers and coupons.
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NEM is focused on decentralization, solidarity and financial freedom for its users with solid years of experience in the capitalization market with one time 22nd ranking, it is worth exploring project for anyone with awesome rewards to benefit from it.
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Pros
- It is secured and decentralized
- Its public blockchain gives users access to free XEM
- Its private blockchain allows for improved operation quality and reduction of operational cost.
- It allows for creation of blockchain based assets and dapps.
Cons
- It has a known history of being hacked
- Its unpopularity has been linked to dedicating it's API for majorly apps developing.
