Advantages Features of NEM Coin
Advantages Features of NEM Coin
NEM offers several features that are not to be found in any other coins. Besides the two major aforementioned upgrades, NEM has been offering some intrinsic advantages to its users from the very beginning. Some of these advantageous features include:"Advantages Features of NEM Coin"
Namespace System: A system that allows a user with one domain to create multiple subdomains. As a result, XEM holders can store their NEM coins in various secured locations.
Multi-signature Transaction: A system that requires multiple signatures to conduct a legitimate transaction.
Harvesting: A system that allows traders to create their own blocks for lucrative purposes.
Reputation System: The EigenTrust++ reputation system makes sure that the efficiency of NEM’s blockchain ecosystem does not decrease.
Current Scenario of NEM:
NEM currently holds the 14th position on Coinmarketcap with a market capitalization of approximately 2.8 billion USD and the price nearly equivalent to $0.32 (as of 21st May 2018). The price chart of this coin exhibits an upward trend, possibly because of the Catapult announcement.
NEM was the first cryptocurrency to offer Proof of Importance system along with several other features. Now, with the implementation of XPOS devices and Catapult, this currency is likely to offer both a highly scalable ecosystem and diversity of various industries. Under current circumstances, where traders are always looking for a more efficient system, the possibility of NEM prevailing seems great. Based on these inferences, it can be concluded that 2018 should end really well for this cryptocurrency.
Advantages Features of NEM Coin
Reviewed by mir khaleq ali
on
12:34
Rating:
Reviewed by mir khaleq ali
on
12:34
Rating:
No comments: