Review on NEM by Matias Pino

Name: NEM
Item: NEM
Rating: 5

March 12, 2021

NEM (New Economy Movement), with nothing to send to the competition.

NEM (New Economy Movement) like the rest of the cryptocurrencies, NEM operates within a Blockchain technology that allows monetary transactions from one account to another without the need to use banks or intermediaries.
Its chain of Blocks is similar to a ledger or an Excel sheet where decentralized digital operations are registered.
NEM allows you to make transactions with its so-called currency (XEM), which is collected using its POI (proof of importance) algorithm. Its token can be bought on different exchanges and due to its POI algorithm it can also be mined by only acquiring a certain amount of XEM tokens and keeping them in our wallet. One of the main characteristics of this project is that it allows creating accounts with several holders, sending P2P encrypted messages, registering domain names, paying for assets, and voting, which is very advantageous at the business level so that they can be carried out digitally. and safe from the comfort of home.
Its strength and main attraction is to register (Smart Assets). Once inserted in the NEM platform, they can be transferred or registered without the need for third parties, of course, the platform has strategies and regulations that follow fiscal soundness.
The NEM project was launched March 2015, it is operated by a non-profit organization based in Singapore and Kuala Lumpur.
It has a promising future as well as distinctive features that differentiate it from its competitors. It is a company worth operating in, its credibility and reliability make it a company with a solid future in the digital age.
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Pros

Without a doubt, its main advantage is that of registering smart assets without the need for intermediaries.
The POI Algorithm (proof of importance) with which it operates makes it a more profitable and simple way than Bitcoin since it requires less mining equipment and less electricity consumption.
XEM cryptocurrency is available for trading on many exchanges on the market.
On his platform he has his own wallet called the Nano wallet.

Cons