The day i discovery cryptocurrency was like riding a bicycle for the first time. Seriously!! Bitcoin was like the first big man on campus before the rest off them joined the party. After countless time and effort, understanding crypto from exploring articles, crypto websites, plus watching you tube videos I came across Dash and NEM. Amanda Johnson put Dash in the first tier of digital currencies and I remember the beginning of the year when Dash was sitting around $8- $10 and then Boom $50 around Feb 15.. Wow! What the hell,,, couldn't believe the explosive uptrend. Well, great for Dash holders i thought. Nevertheless, I continue to educate myself and before you know it I ran into a You tube video called Lets Invest. This guy broke down every crypto from reading all the whitepapers for them and synthesize the best top five for his opinion. The number one crypto for him though,,, YOU GUESS IT!! NEM.. I was like,,,, Why is that??? Well, NEM is a monster coin with various unique capabilities that is well constructed to be a serious game changer in the cryptospace. Nem is a new code that was written by Java. It uses "proof of importance" algorithm instead of the "proof of work". It will continue to shine as it develops its marketing strategies to standout against all the other top tier coin. Nem features message display with its address to send coins to other wallets, something that few like steller lumens has. Transaction speeds are superfast! 100 transaction per second.. Now thats Blazing speed!! Perfect for mass adoption.. As crypto continues to bloom and ride high to the masses. All the super coins that have more then 100,000,000 coins will catch up to prices like the numbers of smaller coins Bitcoin, Ethereum, Dash, litecoin,
etc.
With in my Ken, among all the coins using Blockchain technology with few unique features, I think success for any coin comes with unique features and it's 'practical' applications/ use, which I think is most important. I believe and invested in NEM because of it's growing practical applications.
If we are talking just technology 'Tangle' (IOTA) seems to address some issues commonly seen with 'Blockchain'.
Yes, just like ETH.. Nem is build to be versatile for applications like dapps that can be integrated in the NEM blockchain. IOTA seems to be in the dark still for many people who are unfamiliar with the unique technology, so i expect blockchain continues to grow so will Iota technology awareness will continue as well.
Well described
Nice post dear friend. @bravecrypto2014
Thank you!
Thank you! Ill continue to include content and information as i go.
Thank for giving a quick overview on NEM. The transaction speed is really fast..even faster than Litecoin which others are bullish on!
Can you give a quick summary of what proof of importance is? I have not heard that term before. Thanks in advance! Cheers,
Hello.. Of course, here is a quick description.. Every account on the NEM blockchain is assigned an importance score. This score will influence how individual users can “harvest” the blockchain. One could say harvesting on the NEM blockchain is almost the same as what miners do on the Bitcoin blockchain. The objective is to add people’s transactions to the blockchain, in exchange for a small financial reward. As people’s importance score grows higher, they will have a better chance at getting these rewards. The Mininum score to begin delegated harvesting is 10,000 XEM
Makes sense! Thanks for getting back! I've added NEM to my crypto-radar! Cheers,