ChainZilla Blockchain as a Service

With a market cap of $1.6 billion and a coin price per circa of $0.18, NEM has a strong market capitalization, governance, and community. NEM has established vital partnerships with over 40 globally recognized companies. Among these is Xhai Studios, which has integrated NEM into the world of mobile video gaming. In addition to this, NEM currently has over 20 dapps ready for entreprise use.

While Ethereum has been a key player in cryptocurrency and is well-liked for its ability to create custom, decentralized apps, NEM is modular, faster, and simpler than Ethereum — it’s quickly gaining popularity for its many other advantages.

1. NEM is Faster to Set Up

Getting started with Ethereum’s blockchain is a long process with a steep learning curve. On the other hand, NEM can be set up overnight, and XEM holders can start using their currency with ease.

2. Namespace Feature

Unlike other cryptocurrencies like Ethereum, NEM enables holders to keep and manage their coins at secured, user-friendly domain addresses. This allows holders to own unique domain names on the blockchain, much like a person or company owns a website. It also lets holders create multiple subdomains.

3. Harvesting XEM Coins Equals More Incentives

NEM traders who “harvest,” or create, new blocks, can have at least 10,000 XEM coins in their accounts while running a synchronized node. This makes XEM coins more lucrative because once one block is harvested, another is automatically generated, and the fees from the block get transferred to the trader’s account.

4. Multi-signature Transaction Provides Optimal Security

NEM’s “multisig” (multi-signature) transaction system is what gives it superior security. For any transaction in the blockchain to happen, a set number of traders must sign off on it.

5. Proof of Importance

NEM’s proof of importance (POI) algorithm is a defining characteristic of this new technology that works by ranking the importance of a NEM holder based on the amount of coins they have and the number of transactions they’ve made.

6. No Reputation System

NEM’s EigenTrust++ reputation system improves its efficiency by analyzing the transaction history of every peer on the network so that it can detect suspicious transactions and reduce fraud within the blockchain.

ChainZilla: Your Blockchain Service for NEM

ChainZilla is a company that offers global blockchain solutions for established businesses and startups who want to create their own blockchain. We work to enable Do-it-Yourself blockchain deployment, streamline blockchain development and provide premium ICO management solutions. Our DIY service is easy to use, with open source frameworks, multi wallets, atomic swap applications, leading-edge UX/UI and plenty of community support. If you’re looking to create a blockchain, ChainZilla can help you create and manage the next cryptocurrency giant.

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Disclaimer: Please consult your professional financial, investment, and tax advisers before making any investment or launching an initial coin offering (“ICO”). ChainZilla.io does not provide investment or financial advice and does not endorse or recommend investment in any ICOs or cryptocurrncies advertised on this site. The content on this site is provided for informational purposes only and should be supplemented with independent research and factual verification.