Review on Nimiq by Fanuel PORPORTY
Nimiq is a decentralized cryptocurrency ... but it is also a computer network, a peer-to-peer payment system and a 3rd generation blockchain.
Nimiq is a peer-to-peer (P2P) payment protocol based on a blockchain, like Bitcoin. The goal is to create an intuitive ecosystem in order to be adopted by the greatest number, while remaining decentralized and resistant to censorship. To this end, the project is centered around internet browsers (Chrome, Brave, Firefox), allowing users to interact with the Nimiq blockchain without any additional software installation and without intermediaries.
In addition, Nimiq is partially developed in Javascript, which allows web developers to easily integrate it into various applications and sites.
Pros
- Very easy to use, even for people who have never used cryptocurrencies.
- Frequent updates and great transparency on the part of the team around the development and management of ICO funds.
- The project is increasing efforts to grow, and the ecosystem benefits from a rapidly growing, active developer community. The Nimiq team does not hesitate to provide professional and possibly financial support to projects via a community fund and research grants.
- Nimiq is developed de novo in Rust and Javascript, so it is not a simple fork of a pre-existing cryptocurrency but a brand new blockchain created from its foundations to serve a vision.
Cons
- The payment protocols sector is very saturated with already established competition.
- The project suffers from a lack of recognition and visibility that only started to be addressed recently.
