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Review on NEM by Manuela Gottschalk
NEM was written in Java, and a C++ version is in progress. The NEM blockchain…
NEM was written in Java, and a C++ version is in progress. The NEM blockchain uses an original consensus mechanism called Proof of Importance. XEM cannot be mined. The total finite sum of 8,999,999,999 XEM was distributed to stakeholders upon project launch. XEM are either bought, or earned as a reward for 'harvesting', i.e. processing transactions Unlike other blockchains and institutions, the NEM blockchain does not instrinsically support smart contract.
Pros
- NEM Universal APIs are very easy to use and are very well documented. Your calls can be made safely by pointing to an NIS using the methods in this documentation. Because of this easy integration, companies can build Blockchain applications with their current development teams, without hiring and training new developers and expanding their infrastructure in a costly manner.
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.
