Blockchain technology remains a nascent industry. Despite having made substantial progress fundamentally, there are still obstacles that persist for wider mainstream adoption of the technology.

Nimiq (NIM) is a project which aims to change this standing. It is a browser-based blockchain designed around simplicity. The entire project has been created from the ground up and has the stated intention of breaking the barriers to entry that currently restrict the mainstream use of blockchain technologies. According to its website, “Nimiq aims to be the best performing and easiest-to-use decentralized payment and protocol system.”

What this essentially means is that users will be able to use their web browser to mine cryptocurrency.

Nimiq will allow users to install a web-based wallet and a mobile wallet for their tokens. The whole concept for web development is that Nimiq wants it to be similar to a borderless and low barrier to entry system.

The vast majority of the Western world and an exponentially increasing amount in developing nations have access to the internet in some shape or form. What Nimiq want to achieve, is the ability for individuals to be able to open up their browser, execute simultaneous activities, earn cryptocurrencies and also be able to exchange and use this.

What this achieves is such an effect to lowering barriers to entry because for example, when markets were in a much healthier state; mining was at an all-time high. Specifically, ASIC miners would make it very difficult for the newcomers to get involved because they wouldn’t have the money or computing resources to compete against such actors. This is why Nimiq introduced their browser-based concept into play.

Upon closer inspection, it is easier to see why Nimiq’s concept is an encouraging one. There is the possibility that anybody, regardless of where they are, if they have access to the internet could be mining Nimiq; essentially, opening up crypto to everybody.

An aspect which differentiates Nimiq from Bitcoin and Ethereum is the transaction times. Bitcoin is notorious for having scaling issues in cryptocurrency, and Ethereum’s network gets very slow, during congested times. For mainstream adoption, it is paramount that transaction times are always quick and reliable; Nimiq utilizes off-chain transactions which dramatically increase transaction times.

Nimiq allows for a simple process to send and receive funds while remaining decentralized and secure. One of the underrated features of Nimiq is its highly passionate and active community. Despite being relatively under the radar, the project has still managed to cultivate a strong community, invested in its success. Several community apps have been released which include a NIM Faucet, Addition Blockchain Explorer, Tipping Bots for Twitch, Reddit, Discord and an Embeddable Website Miners.

There does remain a potential concern regarding the project, one being that despite having very easy to use processes, the nature of the mining could mean that big mining farms could operate on the platform as well. This could result in a disproportionate amount of users holding greater power than others.

Despite this concern, the future seems bright for Nimiq. It is one of a few cryptocurrency projects that do make it extremely easy for users to get involved and start earning straight away. Such a nature should lead to increasing mainstream adoption and broader success.

Source

This article was originally published on Blockspectator.