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Review on NEM by Ute Krueger
NEM(XEM) is something more than a cryptocurrency or a new altcoin; it’s a…
NEM(XEM) is something more than a cryptocurrency or a new altcoin; it’s a revolutionary platform based on Blockchain technology, re-imagining from scratch the ideal Blockchain. NEM not only allows peer-to-peer standard transfer transactions, but it also does much more like stores data, authenticates identity, stamps documents by date and time, build domain registry systems and creates new digital assets
Pros
- The security of NEM First of all, NEM is an open source available on GitHub. Then, it has a very good protection against external attacks: if the Wallet is connected only to the NIS, it is almost impossible to penetrate. Similarly if the public NIS is hacked, it is impossible for the hacker to directly attack the portfolio software. This gives increased security.
Cons
- Servers are actually running the core program in which transactions are validated and verified and maintain the blockchain. A list of all the servers can be seen on the NEM NodeExplorer. The average number of online servers is currently 109 (at the time of writing), which is significantly low
