X

All Cryptos > NEM (XEM)

NEM (XEM)

#47

NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. Written in Java, with a C++ version in the works, NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multisignature accounts, encrypted messaging, and an Eigentrust++ reputation system. The NEM blockchain software is used in a commercial blockchain called Mijin, which is being tested by financial institutions and private companies in Japan and internationally.


NEM (XEM) Pros | 4

NEM is overall improved by writing the code completely from scratch in Java. It can handle 3000 transactions per second

Agree | 1
Disagree | 0
Report

Introduces “namespace”: Namespace is like a domain name system that can be used to create a unique place and subdomains for businesses.

Agree | 1
Disagree | 0
Report

Use the new Proof of Importance(PoI) algorithm which takes into account how many transactions are made and the total token amount in an address.

Agree | 1
Disagree | 0
Report

Has a special messaging feature where no XEM needs to be sent in order for a message to be sent and the transaction fee is lower.

Agree | 1
Disagree | 0
Report

NEM (XEM) Cons | 2

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.

Agree | 0
Disagree | 1
Report

As Ethereum is widely accepted and has no significant drawbacks now, it is hard to see people switching to NEM.

Agree | 0
Disagree | 2
Report

Share your Expertise
  • Anyone can add pros and cons. Help the community discover the best coins out there!


Money Talks
  • Promote a crypto by donating some BTC to their specific address.


NEM (XEM) Topics
  • Add/vote topics to make it easy to find similar coins

Show All
X

Similar Cryptos