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Review on NEM by Xq Li
Bitcoin has suffered numerous transaction spam attacks whereby attackers…
Bitcoin has suffered numerous transaction spam attacks whereby attackers flooded the network with small value transactions resulting in the Bitcoin network grinding to a halt. NEM has spam protection in built that kicks in when its blocks are full. The network detects these 'attackers' and makes transaction fees exponentially more expensive for these attackers in relation to the spam they produce while keeping other normal transactions with the normal fees.
Pros
- NEM is a revolutionary peer-to-peer crypto platform written in standard Java and JavaScript languages from 100% original source code. NEM was started off with the ambition of making sure digital currency distribution was widespread and fair. The company did have its own share of problems administering this, but in the end, it's now among the most widely distributed coins in the cryptosphere.
Cons
- NEM has many unique features such as multisignature accounts, encrypted messaging system, and the Eigentrust++ node reputation system. It is for these reasons that NEM is generally viewed as an evolving solution, replete with an outstanding core blockchain technology.
